Fed Offers No Hints of 2025 Rate Cuts Amid New Recession Anxiety
With the unemployment rate ticking higher for three months in a row, some economists have raised concerns that the Fed should cut rates more quickly later this year.
CT Firms Cut 1.6K from Payrolls in December
Connecticut employers trimmed their payrolls by 1,600 jobs last month, but the state’s largest business group said the comparatively small figure should be cause for concern in Hartford.
Fewer Americans Filed for Jobless Benefits Last Week
Slightly fewer Americans filed for unemployment benefits last week as the labor market continues to stand out as one of the strongest segments of the U.S. economy.
Strong Jobs Numbers Likely to Encourage More Fed Rate Hikes
Defying anxiety about a possible recession and raging inflation, America’s employers added a stunning 528,000 jobs last month, restoring all the jobs lost in the coronavirus recession.
US Jobless Claims Rise to 419K from a Pandemic Low
The number of Americans seeking unemployment benefits rose last week from the lowest point of the pandemic, even as the job market appears to be rebounding on the strength of a reopened economy.
US Jobless Claims Drop to 385,000, Another Pandemic Low
The number of Americans seeking unemployment benefits fell last week for a fifth straight week to a new pandemic low, the latest evidence that the U.S. job market is regaining its health as the economy further reopens.
Jobless Claims Down 19,000, Still Four Times Pre-Pandemic Level
The number of Americans seeking unemployment benefits fell by 19,000 last week to still historically high 787,000 as a resurgent coronavirus grips the U.S. economy.
CT Jobless Rate Grows as COVID’s Second Wave Bites
The number of Americans applying for unemployment benefits rose again last week to 885,000, the highest weekly total since September, as a resurgence of coronavirus cases threatens the economy’s recovery from its springtime collapse.
Long-Term Jobless Caught in Squeeze that Imperils Recovery
Recent trends have raised the specter of a period of widespread long-term unemployment that could turn the viral recession into a more painful, extended downturn as job skills erode and financial lives get upended by long-term unemployment.
$300 in Extra Jobless Aid Running Out Even as More Seek Help
The nation’s unemployment safety net is looking increasingly shaky, with a $300-a-week federal jobless benefit from the Trump administration running out just weeks after it began and millions of laid-off Americans nearing an end to their state unemployment aid.
White House, Senate GOP Try Again on New Virus Relief Bill
Suggesting a narrower pandemic relief package may be all that’s possible, the White House still pushed ahead with Monday’s planned rollout of the Senate Republicans’ $1 trillion effort as House Speaker Nancy Pelosi assailed the GOP “disarray” as time-wasting during the crisis.
Connecticut Still Seeing ‘Unprecedented’ Unemployment Claims
Connecticut Department of Labor Commissioner Kurt Westby said Friday his agency is still seeing an “unprecedented number” of unemployment claims because of the coronavirus pandemic, but has managed to reduce processing times to one-to-two weeks from a high of six weeks.
US Weekly Jobless Claims Rise, But Labor Market Tightening
New applications for U.S. unemployment benefits increased more than expected last week, but continued to suggest that the labor market is tight.
US Jobless Claims Fall; Productivity Slows In Fourth Quarter
The number of Americans filing for unemployment benefits fell more than expected last week, pointing to tightening labor market conditions that should support the economy this year.
US Jobless Claims Drop More Than Expected
The number of Americans filing for unemployment benefits fell more than expected last week, underscoring the robustness of the labor market.
US Jobless Claims Rise, Planned Layoffs Surge
The number of Americans filing for unemployment benefits rose more than expected last week, posting the biggest gain in more than a year, but the underlying trend continued to point to a strengthening labor market. Another report on Thursday showed a 35 percent surge...
