unemployment benefits

Unemployment Applications Drop to a 4-Year Low

The number of people seeking unemployment benefits fell to the lowest point in almost four years last week, the latest signal that the job market is steadily improving. Weekly applications for unemployment benefits dropped 13,000 to a seasonally adjusted 348,000, the Labor Department said Thursday.

Fewer Seek Unemployment Aid as Job Market Improves

The number of people seeking unemployment benefits fell last week to a level that signaled a steadily improving job market. The figures came one day before the government is expected to report that January marked another solid month for hiring.

Job Market Brightens as Unemployment Claims Sink

Far fewer people are seeking unemployment benefits than just three months ago %u2014 a sign that layoffs are falling sharply. The number of people applying for benefits fell last week to 366,000, the fewest since May 2008. If the number stayed that low consistently, it would likely signal that hiring is strong enough to lower unemployment.

New Jobless Claims Drop to 9-Month Low

The number of people applying for unemployment benefits fell last week to the lowest level in nine months, the latest evidence that the job market is improving. The Labor Department said Thursday that weekly applications dropped by 23,000 to a seasonally adjusted 381,000. That's the lowest number of applications since late February.

Slightly More People Seek Unemployment Benefits

The number of people seeking unemployment benefits ticked up slightly last week after two months of steady declines. But the increase isn't enough to reverse the downward trend. The four-week average of applications, a less volatile measure, fell to its lowest level since April. The decline in the average signals that companies are laying off fewer workers.

Unemployment Aid Applications Drop to 7-Month Low

The number of people applying for unemployment benefits fell last week to the lowest level since early April, a sign that layoffs are easing and hiring may pick up. Weekly applications dropped by 5,000 to a seasonally adjusted 388,000, the Labor Department said Thursday. It was the fourth decline in five weeks.

Unemployment Aid Hits 7-Month Low, Trade Gap Falls

The outlook for American jobs and trade looked a little brighter Thursday, despite growing uncertainty overseas. The number of people who applied for unemployment benefits last week fell to a seasonally adjusted 390,000, the Labor Department said Thursday. That's the fewest since April.

Banks Extract Fees On Unemployment Benefits

Out of work and living on a $189-a-week unemployment check, Rob Linville needs to watch every penny. Lately, he has been watching too many pennies disappear into the coffers of the bank that administers his unemployment check via a prepaid debit card.

Assuring Half Your Income When Your Job Goes Away

State unemployment insurance provides money to out-of-work adults, but for most people, those checks are hardly enough to cover the bills. Enter IncomeAssure, a supplemental unemployment insurance policy that lifts your benefit to 50% of your former income for 24 weeks. Is it a product you should consider?

The Financial Landscape: Is Italy the Next Greece?

As the eurozone sovereign debt crisis continues, focus is shifting to Italy as the next potential victim. But for worries closer to home, consider this: $37 billion in U.S. government benefits designed to help people through the downturn will expire by the end of 2011, leaving a hole twice that size in the economy.

Best and Worst States for Jobless Benefits

For the nearly 14 million Americans who want to work and can't find jobs, unemployment insurance is a vital lifeline. But how much help that lifeline is varies widely from state to state. 24/7 Wall St. and DailyFinance crunch the numbers to see which states are the best -- and worst -- places to be unemployed.

Fewer People Apply for Unemployment Benefits

Fewer people applied for unemployment benefits last week, providing support for the view that there will be stronger job growth this year. Applications fell to a seasonally adjusted 385,000 last week, marking the third decline in the past four weeks, the Labor Department reported Thursday.

Where's an Extra $1 Trillion in Spending Going?

Remarkably, Washington spends $1 trillion more a year now than it did a mere three years ago. But trying to figure out where all that extra money is going is no simple matter. However, a lot of slicing and dicing does yield some answers -- none of which are very satisfying.

Tax Compromise: Why Something Was Better Than Nothing

If a compromise by definition is a deal that pleases no one, then the tax deal that cleared Congress Thursday was a rousing success: Conservatives and liberals both dislike it, but those who voted for it agreed that the alternative -- letting taxes rise for everyone -- would have been worse.

Jobless Claims Unexpectedly Fall to 420,000

Initial jobless claims fell 3,000 to 420,000 in the week ending Dec. 11. The revised figure for the previous week was 423,000. The four-week moving average, a clearer measure of unemployment trends, fell 5,250 to 422,750, the Department of Labor said. The revised average for the previous week was 428,000.

What Will Obama's Tax
Deal Do for Investors?

The biggest question many investors have about President Obama's compromise tax cut deal is how it will benefit the economy. But so far, there is little agreement on Wall Street about what the stimulative effects of the deal will be.mong the watchers on Wall Street about what the stimulative effects of the deal will be.

Pimco: The Tax Deal Will Boost Economic Growth

If the tax deal reached between congressional Republicans and President Obama is ratified, it most certainly will add to the budget deficit, but according to Pimco, which manages the world's largest bond fund, the stimulative measure will contribute much to economic growth.

Why One Liberal Favors Obama's Tax Cut Compromise

DailyFinance writer Jon Berr sees much to like in the compromise President Obama reached with congressional Republicans on taxes and unemployment compensation. And while he'd never call it perfect, as he notes, the American voters elect politicians to get stuff done, which this plan does.

Obama Launches a Vigorous Defense of His Tax Agreement

The president bristled at Democratic criticism of his compromise with the GOP: "This isn't an abstract debate," the president said. "This is real money for real people that will make a real difference in the lives of the folks who sent us here."

Bipartisan Debt Proposal Fails to Get the Votes

President Obama's bipartisan National Commission on Fiscal Responsibility and Reform voted Friday on whether to approve its own recommendations, and failed to get the 14 votes from its members required to send its proposal to Congress. But don't count out deficit reduction quite yet.

Spain to Sell Stake in State Lottery as Debt Crisis Looms

With the fears of a European sovereign debt crisis growing worse, the Spanish government said Wednesday that it's taking several measures to stop the fiscal contagion from reaching its shores, including selling a 30% stake in its national lottery business, Bloomberg reported.

Millions of Unemployed Face a Loss of Benefits

Unemployed Americans are keenly awaiting congressional action on the latest extension of jobless benefits. With a midnight Tuesday deadline looming, some 2 million jobless workers face losing their only source of income in coming weeks.

New Jobless Claims Drop, Approach Key Level

There was excellent news on the labor front this week as the government reported that initial jobless claims plunged 34,000 to 407,000. Jobless claims are now nearing a key threshold that would suggest commercial activity is increasing at a pace that would prompt more companies to resume hiring.

Jobless Claims Fall to Lowest Level Since July 2008

Initial jobless claims fell 34,000 to 407,000 in the week ending Nov. 20. The revised figure for the previous week was 441,000. The four-week moving average, a clearer measure of unemployment trends, fell 7,500 to 436,000, Bloomberg News said.