Fountain Financial Associates
Jobless claims at lowest level since Spring 2008Posted by RJ and Makay on Dec 16, 2011 |
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The number of Americans who filed new claims for jobless benefits fell sharply last week to its lowest level since May 2008, the Labor Department said today. First-time applications for unemployment compensation declined by 19,000 to a seasonally adjusted 366,000, an indication that the fragile U.S. labor market continues to improve.
Unemployment drops sharply to 8.6% in NovemberPosted by RJ and Makay on Dec 02, 2011 |
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The U.S. unemployment rate fell in November to its lowest level in more than two and a half years as private employers stepped up hiring in the slowly improving economy. Non-farm payrolls rose by 120,000, with private companies adding 140,000 jobs while federal, state, and local governments lost 20,000 jobs, according to the Labor Department.
Most of the jobless no longer receiving unemployment benefitsPosted by RJ and Makay on Nov 07, 2011 |
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A majority of the unemployed in this country no longer receive unemployment benefits, according to government sources. Early last year, 75% of the jobless were receiving unemployment benefits. That figure has now dropped to 48%. The shift points to a growing crisis of long-term unemployment. Almost one-third of currently unemployed people have been without a job for over a year.
