Jobless claims: Weekly claims rise to 202,000
Source: Yahoo! Finance
Yahoo Finance
Jobless claims: Weekly claims rise to 202,000
Emily McCormick · Reporter
Thu, March 31, 2022, 8:31 AM · 3 min read
Initial unemployment claims rose modestly after reaching a 50-year low as employers continue to show reluctance in reducing their workforces in the current competitive labor market.
The Labor Department released its latest weekly jobless claims report Thursday at 8:30 a.m. ET. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg:
-- Initial jobless claims, week ended March 26: 202,000 vs. 196,000 expected and a revised 188,000 during prior week
-- Continuing claims, week ended March 19: 1.307 million vs. 1.340 million expected and a revised 1.342 million during prior week
Weekly unemployment claims edged higher for the first time in three weeks but rose only marginally from multi-decade lows set just last week. At 188,000, last week's tally for new jobless claims marked the lowest level since September 1969. And continuing claims, which track the total number of individuals claiming ongoing benefits on regular state programs, have also fallen precipitously and reached just over 1.3 million in mid-March. The last time it reached that level was in December 1969.
While the weekly jobless claims data have been volatile, the reports over the past several months have shown a clear decrease in the number of individuals newly rendered out of work. While the quits rate has been elevated and last rose by 0.1 percentage points to reach 2.9% in February movement between jobs has also been high, with workers largely confident in their abilities to find new roles after leaving their previous positions.
However, the relatively low numbers of new jobless claims belies the strain still facing employers, who have still largely struggled to find enough labor to meet demand. However, some of this deficit has started to be filled, especially as jobs have grown for 14 consecutive months, based on the Labor Department's monthly non-farm payrolls data. Job growth is expected to extend that streak in March in the forthcoming monthly jobs report due out Friday.
{snip}
Read more: https://finance.yahoo.com/news/weekly-jobless-claims-week-ended-march-26-2022-192349945.html
Updated banner:
JUST IN | Jobless claims: Weekly claims rise slightly from 53-year low
Some 202,000 Americans filed new claims, close to 196,000 expected
-- -- -- -- -- --
Here are this morning's banner, which went up before 7:00 a.m., and yesterday's placeholder article.
COMING UP | Jobless claims preview: Weekly claims set to hold near a 53-year low
Check back for results at 8:30 a.m. ET
-- -- -- -- -- --
Placeholder for the March 24, 2022 initial claims report:
Yahoo Finance
Jobless claims preview: Weekly claims set to hold near a 53-year low
https://finance.yahoo.com/news/weekly-jobless-claims-week-ended-march-26-2022-192349945.html
Emily McCormick · Reporter
Wed, March 30, 2022, 3:23 PM
Initial unemployment claims are expected to hover near a 50-year low as employers continue to show reluctance in reducing their workforces in the current competitive labor market.
The Labor Department released its latest weekly jobless claims report Thursday at 8:30 a.m. ET. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg:
-- Initial jobless claims, week ended March 26: 196,000 expected, 187,000 during prior week
-- Continuing claims, week ended March 19: 1.340 million expected, 1.350 million during prior week
Economists expect weekly unemployment claims will edge higher for the first time in three weeks but rise only marginally from multi-decade lows set just last week. At 187,000, last week's tally for new jobless claims marked the lowest level since September 1969. And continuing claims, which track the total number of individuals claiming ongoing benefits on regular state programs, have also fallen precipitously and reached 1.35 million in mid-March. The last time it reached that level was in January 1970.
While the weekly jobless claims data have been volatile, the reports over the past several months have shown a clear decrease in the number of individuals newly rendered out of work. While the quits rate has been elevated -- and last rose by 0.1 percentage points to reach 2.9% in February -- movement between jobs has also been high, with workers largely confident in their abilities to find new roles after leaving their previous positions.
However, the relatively low numbers of new jobless claims belies the strain still facing employers, who have still largely struggled to find enough labor to meet demand. However, some of this deficit has started to be filled, especially as jobs have grown for 14 consecutive months, based on the Labor Department's monthly non-farm payrolls data. Job growth is expected to extend that streak in March in the forthcoming monthly jobs report due out Friday.
{snip}
mahatmakanejeeves
(57,425 posts)Connect with DOL at
https://blog.dol.gov
TRANSMISSION OF MATERIALS IN THIS RELEASE IS EMBARGOED UNTIL
8:30 A.M. (Eastern) Thursday, March 31, 2022
UNEMPLOYMENT INSURANCE WEEKLY CLAIMS
SEASONALLY ADJUSTED DATA
In the week ending March 26, the advance figure for seasonally adjusted initial claims was 202,000, an increase of 14,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 187,000 to 188,000. The 4-week moving average was 208,500, a decrease of 3,500 from the previous week's revised average. The previous week's average was revised up by 250 from 211,750 to 212,000.
The advance seasonally adjusted insured unemployment rate was 0.9 percent for the week ending March 19, a decrease of 0.1 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending March 19 was 1,307,000, a decrease of 35,000 from the previous week's revised level. This is the lowest level for insured unemployment since December 27, 1969 when it was 1,304,000. The previous week's level was revised down by 8,000 from 1,350,000 to 1,342,000. The 4-week moving average was 1,389,000, a decrease of 40,500 from the previous week's revised average. This is the lowest level for this average since February 7, 1970 when it was 1,385,250. The previous week's average was revised down by 2,000 from 1,431,500 to 1,429,500.
{snip}
UNADJUSTED DATA
{snip}
The total number of continued weeks claimed for benefits in all programs for the week ending March 12 was 1,775,826, a decrease of 81,975 from the previous week. There were 18,463,788 weekly claims filed for benefits in all programs in the comparable week in 2021.
{snip the rest of the ten-page news release, until the end}
Weekly Claims Archives
Weekly Claims Data
U.S. Department of Labor news materials are accessible at http://www.dol.gov. The Department's Reasonable Accommodation Resource Center converts Departmental information and documents into alternative formats, which include Braille and large print. For alternative format requests, please contact the Department at (202) 693-7828 (voice) or (800) 877-8339 (federal relay).
U.S. Department of Labor
Employment and Training Administration
Washington, D.C. 20210
Release Number: USDL 22-579-NAT
Program Contacts:
Kevin Stapleton: (202) 693-3009
Media Contact: (202) 693-4676
progree
(10,904 posts)Only talking about a rise in claims. No mention in the headline that this is up only slightly from a multi-decade low, that was "buried" in the first line of the report that a lot of people don't read blah blah blah. Did you know that for every person who reads a headline, only 10% or 5% or whatever percent even get to the first line?
No mention in the headline or article of President Biden and Treasury Secretary Janet Yellen and the rest of the administration's economic team in bringing this about.
And on and on and on.
At least she didn't use "another", for the first time in however many long weeks. Hmm, maybe she reads DU
mahatmakanejeeves
(57,425 posts)She can see where the people who are viewing her page are coming from. She must see the spike in people coming from DU every Thursday morning.
I just posted the inflation news in ANOTHER thread, so all the hate is being concentrated over there.
Thanks for the insight. I have to go to the bank to cash Tucker Carlson's check.
ZellyCabMem
(49 posts)Is that your defense? That was about as vapid as the article's headline.
mahatmakanejeeves
(57,425 posts)Thanks for writing.
ZellyCabMem
(49 posts)It should say "Weekly New Jobless Claims Continue At Historically Low Pace." And, this weekly propaganda hit piece should stop getting posted on DU. There are plenty of reality based articles out there.
progree
(10,904 posts)" There are plenty of reality based articles out there."
Edited to add - I think that it did rise is important information too.
ZellyCabMem
(49 posts)You teamed up and you still cannot defend the propaganda piece.
ZellyCabMem
(49 posts)You are ignoring the fact that the article is titled the exact same way every week. It does not matter if it is up, down, or Steady, and it never includes the historical context.
mahatmakanejeeves
(57,425 posts)By the way, welcome to DU. During your stay here, you might notice that I am not a paid mouthpiece for any political party.
Nor is it the point of the Late Breaking News forum (LBN) that only those articles that show how super duper swell everything is going are to be posted. There are articles in LBN that deal with hardship, economic downturns, disasters, and so forth.
If I can be of any further assistance, please do not hesitate to write.
Once again, welcome to DU.
ZellyCabMem
(49 posts)Again, I referenced the title because that is the issue. That is what people see first and sets the tone with foxnews level spin. The body has nothing to with the reason many people despise this weekly post.
progree
(10,904 posts)ZellyCabMem
(49 posts)I get the same info without the BS. Many people do not read the article, I stopped reading it 5 weeks of propaganda ago. I get the same information minus the hit job in the headline.
So, again, I ask, why not post an article from a purely reality based source? Why give us this BS.
progree
(10,904 posts)have as much right to post an article in LBN as mahatmakanejeeves or anyone else here. Instead of complaining, be a part of the solution.
"Few Americans file for jobless claims amid tight labor market"
progree
(10,904 posts)e.g. a slight/modest rise from a 53 year low or somesuch.
And as I said, you have as much right to post an OP in LBN as anyone else.
ZellyCabMem
(49 posts)However, when it dropped to the lowest level in over 50 years, last week, this article was titled the exact same way. The same was true when it went from 400k to 380k to 200k to etc...
progree
(10,904 posts)https://www.democraticunderground.com/10142893166
and apparently changed it yet again sometime later, to
That said, yes, her typical headline is
https://www.democraticunderground.com/10142889761
and like you and everyone else, I don't see the point including the "another". She doesn't do that in other articles like the ADP report yesterday:
Why doesn't she write:
"Private payrolls rose by another 455,000 in March, topping expectations: ADP"
Why does she use "another" only when describing unemployment claims?
OTOH, I don't think every headline about jobs has to be how we're near an all-time high in jobs, or near multi-decade lows in unemployment rate or insurance claims,
any more than every headline about the stock market has to be how the indexes are near an all-time high.
mahatmakanejeeves
(57,425 posts)See line 3 of the page source for a time stamp:
{snip a lot}
Also, MSN is rerunning a CBS article, so I'd head to CBS to get the story directly. Here it is, posted a good 40 minutes after Emily McCormick posted her article:
BY IRINA IVANOVA
MARCH 31, 2022 / 9:16 AM / MONEYWATCH
{snip}
Finally, the "feature" that cinches my unwillingness to wait for CBS is that when you go to that page, a loud video starts up on autoplay. That in and of itself means I won't be using CBS for a source.
Please note that, as I do not control DU, you are free to post the MSN - CBS article in the General Discussion (GD) forum.
I hope this answers your questions.
ZellyCabMem
(49 posts)If you will not do it right, I will find the most glowing option and post that. Or, since it is your thing, you could find any option better than Yahoo. I do not come here to see misleading nonsense. We can do better and it is worth a bit of a wait.
BumRushDaShow
(128,905 posts)You are welcome to post an OP if you follow the specific requirements for posting them in this particular forum.
Otherwise, DU has what they call a "trash thread" option where you can click the little "Trash this thread" button on the wide gray bar right under any OP content box and the thread will magically disappear.
ZellyCabMem
(49 posts)DU should have an obviously trash propaganda thread for you and this repetitive nonsense yoohoo' article. You could call it "How Fox News Would Put It."
"Ya'all been here longer wronger."
I will post a far superior article next week, but I should not have to.
P.S. that assumes you do not shut me down for disagreeing.
GP6971
(31,146 posts)How about toning it down?
ZellyCabMem
(49 posts)How about getting it right?
GP6971
(31,146 posts)So be it.
How about getting it right?
GP6971
(31,146 posts)BumRushDaShow
(128,905 posts)as long as it doesn't violate the Terms of Service that you signed off on when you joined and it conforms to the Statement of Purpose for the Forum or Group you post in. That info is available on the main pages of each Forum and Group (the button at the top of a Forum or Group that says "About this Forum" or "About this Group" ).
GP6971
(31,146 posts)with the OP's sources, you can use the Ignore function and you'll never see their posts in the future.
progree
(10,904 posts)Last edited Thu Mar 31, 2022, 06:53 PM - Edit history (2)
ations (well below expectations is good in this case ).
Amidst the brouhaha, I'd hate to see this piece of important good news escape attention.
BumRushDaShow
(128,905 posts)Looks like it got busy in here.
Will be interesting to see what we have in store for tomorrow.
ZellyCabMem
(49 posts)This all started with the weekly propaganda post from the Yahoo hack. Many accepted it, many did not, and I decided to go further in my
opposition.
GP6971
(31,146 posts)and you're calling a long time member a hack?
End of discussion for me.
Response to GP6971 (Reply #33)
Post removed
What does that mean?