Stock futures traded in a tight range as investors avoid any big bets before the Labor Department’s monthly employment report.High unemployment is often cited as the single most important component slowing an economic recovery. A lack of hiring has kept people concerned about their jobs, which in turn leads them to cut down their spending. [...]
“The major U.S. equity indices closed lower Thursday following a surprise spike in jobless claims. The Labor Department reported that first-time claims for jobless benefits jumped to 479,000 last week. Economists had expected that claims would fall to 455,000. Investors remain cautious ahead of tomorrow’s report on monthly payrolls and the unemployment rate. In corporate [...]
The filibuster the Republican party has had going on against the unemployment extension has finally been broken. The 59-39 vote will restore unemployment benefits to more than 2 1/2 million jobless people who have been begging their legislators to give them for the last 6 weeks. The successful vote was taken after President Obama, Speaker [...]
The Labor Department says the jobless rate declined in 39 states and Washington, D.C. last month. That’s a slight improvement from May, when 37 states saw their rates decline. Only 21 states saw net job gains in June, the government said. That compared to 41 the previous month and it was the fewest for the [...]
For the first time in 30 years, the state will have to borrow from the federal government to keep paying unemployment benefits.
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