Jobless claims remain high, raising stakes for Trump’s demands on relief bill
If Trump does not sign the $900 billion stimulus package, 12 million Americans will lose unemployment aid after Christmas.
Unemployment
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U.S. layoffs remain elevated as 803,000 seek jobless aid
The latest figure, released Wednesday by the Labor Department, shows that many employers are still cutting jobs as the pandemic tightens business restrictions and leads many consumers to stay home.
State unemployment rate continued to improve in November
However, Indiana’s labor-force participation rate drooped from 63.1% in October to 62.9% in November. The rate indicates the percentage of all people of working age who are employed or are actively seeking work.
State makes plans for $650M in remaining CARES Act money as deadline nears
The state received $2.4 billion earlier this year from the federal Coronavirus Relief Fund, which was established in the Coronavirus Aid Relief and Economic Security Act. The funding must be used for pandemic-related expenses incurred before Dec. 30.
U.S. employers scale back hiring as pandemic intensifies
America’s employers added 245,000 jobs in November, the fewest since April and the fifth straight monthly slowdown, the Labor Department said Friday.
Jobless claims drop more than expected nationally, but rise in Indiana
Texas, Michigan and Georgia. Illinois, Oregon and Indiana reported the largest increases in filings during the holiday week.
Report: Unemployment statistics during pandemic inflated by backlogs, fraud
The Government Accountability Office, the nonpartisan auditing agency that works for Congress, was unsparing about the problems with unemployment statistics, as part of a lengthy report that looked at the country’s response to the coronavirus.
National, Indiana jobless claims up for second straight week as virus worsens
In Indiana, 20,454 people filed initial unemployment claims in the week ended Nov. 21, up from an adjusted number of 15,422 the previous week. Prior to the pandemic, the state was typically seeing fewer than 3,000 claims per week.
State jobless rate continues to improve, hitting 5% in October
Indiana’s unemployment rate has been doggedly retracing its steps in recent months from 16.9% in April, when the pandemic paralyzed sections of the economy.
U.S. unemployment claims rise for first time in five weeks
Initial jobless claims also ticked up in Indiana. Analysts say the worsening pandemic and the arrival of cold weather could accelerate layoffs in the weeks ahead.
New unemployment claims drop nationally, rise in Indiana
The number of people seeking U.S. unemployment benefits fell last week ,to 709,000, a still-high level but the lowest figure since March and a further sign that the job market might be slowly healing.
IU economic forecast expects recovery to slow, jobless rate to remain elevated
The forecast holds out hope for positive economic growth in the second half of 2021 in Indiana, but it assumes the state will either remain at Stage 5 of Gov. Eric Holcomb’s reopening plan or operate under even fewer restrictions.
Economy added 638,000 jobs in October, dropping unemployment rate to 6.9%
The U.S. economy has recovered two-thirds of the ground it lost during the first half of the year, and yet has a long way to go and remains vulnerable, economists said.
Unemployment claims fall nationally, tick up in Indiana
The number of Americans seeking unemployment benefits fell by 7,000 last week, to 751,000, continuing a slow decline but remaining at a still-historically high level.
National unemployment claims fall more than expected
Indiana also experienced a weekly decrease in initial jobless claims, according to Labor Department data released Thursday.
Indiana unemployment rate inches lower, ending string of big strides
The pace of Indiana’s steadily improving unemployment rate slowed considerably in September. Meanwhile, the state’s labor force participation rate and private employment numbers dropped.
Newly unemployed face loss of health coverage at worst time
More than 10 million Americans will lose their employer-sponsored health insurance this year as a result of a pandemic-related job loss in their household.
U.S. hiring slows for 3rd straight month, but jobless rate falls to 7.9%
The September jobs report coincides with other data that suggests that while the economic picture may be improving, the gains have slowed since summer.
Initial unemployment claims decline nationally, in Indiana
Fewer Americans than expected sought unemployment benefits last week. The latest claims numbers reflect gradual labor-market improvement but remain well above pre-virus levels.
Initial unemployment claims tick up nationally, dip in Indiana
Thursday’s labor report coincides with evidence that some newly laid-off Americans are facing delays in receiving unemployment benefits as state agencies intensify efforts to combat fraudulent applications