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    Average Long-Term U.S. Mortgage Rates Edge Down to 5.25%

    Average Long-Term U.S. Mortgage Rates Edge Down to 5.25%

    Oil slumps as fears over economic growth take center stage

    Oil slumps as fears over economic growth take center stage

    Here’s what just happened that triggers stock market drops 71% of the time, warns Credit Suisse

    Here’s what just happened that triggers stock market drops 71% of the time, warns Credit Suisse

    Asian Shares Advance Despite Losses on Wall Street

    Asian Shares Advance Despite Losses on Wall Street

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    Is China Yuchai International (NYSE:CYD) Using Too Much Debt?

    Is China Yuchai International (NYSE:CYD) Using Too Much Debt?

    Berkshire Hathaway Inc. Cl B stock falls Thursday, underperforms market

    Berkshire Hathaway Inc. Cl B stock falls Thursday, underperforms market

    Archer Aviation (NYSE:ACHR) Shares Down 5.7% After Analyst Downgrade

    Archer Aviation (NYSE:ACHR) Shares Down 5.7% After Analyst Downgrade

    Target’s stock sinks toward worst day since Black Monday

    Target’s stock sinks toward worst day since Black Monday

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    Cisco, Travelers share losses contribute to Dow’s 75-point drop

    Cisco, Travelers share losses contribute to Dow’s 75-point drop

    Ross Stores Shares Tumble 17% on Declining 1Q Sales, 2Q Sales Forecast

    Ross Stores Shares Tumble 17% on Declining 1Q Sales, 2Q Sales Forecast

    Enanta Pharmaceuticals (NASDAQ:ENTA) Shares Gap Down After Analyst Downgrade

    Enanta Pharmaceuticals (NASDAQ:ENTA) Shares Gap Down After Analyst Downgrade

    Federal Agency Sends Team to Probe Tesla Crash That Killed 3

    Federal Agency Sends Team to Probe Tesla Crash That Killed 3

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    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    Corus Entertainment 4Q Profit Falls

    Corus Entertainment 4Q Profit Falls

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

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    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

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    Bitcoin Is Falling: Should You Buy the Dip?

    CN Rail Stock Is So Undervalued That it’s Absurd

    CN Rail Stock Is So Undervalued That it’s Absurd

  • News
    Average Long-Term U.S. Mortgage Rates Edge Down to 5.25%

    Average Long-Term U.S. Mortgage Rates Edge Down to 5.25%

    Oil slumps as fears over economic growth take center stage

    Oil slumps as fears over economic growth take center stage

    Here’s what just happened that triggers stock market drops 71% of the time, warns Credit Suisse

    Here’s what just happened that triggers stock market drops 71% of the time, warns Credit Suisse

    Asian Shares Advance Despite Losses on Wall Street

    Asian Shares Advance Despite Losses on Wall Street

  • NYSE
    Is China Yuchai International (NYSE:CYD) Using Too Much Debt?

    Is China Yuchai International (NYSE:CYD) Using Too Much Debt?

    Berkshire Hathaway Inc. Cl B stock falls Thursday, underperforms market

    Berkshire Hathaway Inc. Cl B stock falls Thursday, underperforms market

    Archer Aviation (NYSE:ACHR) Shares Down 5.7% After Analyst Downgrade

    Archer Aviation (NYSE:ACHR) Shares Down 5.7% After Analyst Downgrade

    Target’s stock sinks toward worst day since Black Monday

    Target’s stock sinks toward worst day since Black Monday

  • NASDAQ
    Cisco, Travelers share losses contribute to Dow’s 75-point drop

    Cisco, Travelers share losses contribute to Dow’s 75-point drop

    Ross Stores Shares Tumble 17% on Declining 1Q Sales, 2Q Sales Forecast

    Ross Stores Shares Tumble 17% on Declining 1Q Sales, 2Q Sales Forecast

    Enanta Pharmaceuticals (NASDAQ:ENTA) Shares Gap Down After Analyst Downgrade

    Enanta Pharmaceuticals (NASDAQ:ENTA) Shares Gap Down After Analyst Downgrade

    Federal Agency Sends Team to Probe Tesla Crash That Killed 3

    Federal Agency Sends Team to Probe Tesla Crash That Killed 3

  • OTC
    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    Corus Entertainment 4Q Profit Falls

    Corus Entertainment 4Q Profit Falls

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

  • TSX
    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

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    Bitcoin Is Falling: Should You Buy the Dip?

    CN Rail Stock Is So Undervalued That it’s Absurd

    CN Rail Stock Is So Undervalued That it’s Absurd

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US Unemployment Claims Fall to 376,000, Sixth Straight Drop

Editorial Staff by Editorial Staff
June 11, 2021
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US Unemployment Claims Fall to 376,000, Sixth Straight Drop

The number of Americans applying for unemployment benefits fell for the sixth straight week as the U.S. economy reopens rapidly after being held back for months by the coronavirus pandemic.

WASHINGTON — The number of Americans applying for unemployment benefits fell for the sixth straight week as the U.S. economy, held back for months by the coronavirus pandemic, reopens rapidly.

Jobless claims fell by 9,000 to 376,000 from 385,000 the week before, the Labor Department reported Thursday. The number of people signing up for benefits exceeded 900,000 in early January and has fallen more or less steadily ever since. Still, claims are high by historic standards. Before the pandemic brought economic activity to a near-standstill in March 2020, weekly applications were regularly coming in below 220,000.

Nearly 3.5 million people were receiving traditional state unemployment benefits the week of May 29, down by 258,000 from 3.8 million the week before.

Businesses are reopening rapidly as the rollout of vaccines allows Americans to feel more comfortable returning to restaurants, bars and shops. The Labor Department reported Tuesday that job openings hit a record 9.3 million in April. Layoffs dropped to 1.4 million, lowest in records dating back to 2000; 4 million quit their jobs in April, another record and a sign that they are confident enough in their prospects to try something new.

“As life normalizes and the service sector continues to gain momentum, we expect initial jobless claims to continue to trend lower,″ said Joshua Shapiro, chief U.S. economist at the economic and financial consulting firm Maria Fiorini Ramirez, Inc.

In May, the U.S. economy generated 559,000 million new jobs, and the unemployment rate dropped to 5.8% from 6.1% in April. Many economists expected to see even faster job growth. The United States is still short 7.6 million jobs from where it stood in February 2020.

But employers are posting vacancies faster than would-be applicants can fill them. Many Americans are contending with health and childcare issues related to COVID-19 and with career uncertainty after the coronavirus recession wiped out many jobs for good. Some are taking their time looking for work because expanded federal jobless benefits pay more than their old jobs.

Many states are scheduled to begin dropping the federal benefits this month. Altogether, 15.3 million people were receiving some type of jobless aid the week of May 22; a year earlier, the number exceeded 30 million.

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US Average Mortgage Rates Tick Lower; 30-Year Loan at 2.96%

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POPULAR NEWS

CNH Industrial (NYSE:CNHI) Use Of Debt Could Be Considered Risky

CNH Industrial (NYSE:CNHI) Use Of Debt Could Be Considered Risky

April 14, 2021
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Nektar, worst performing stock in S&P 500, gets booted from the index

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Macy’s (NYSE:M) Takes On Some Risk With Its Use Of Debt

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Average Long-Term U.S. Mortgage Rates Edge Down to 5.25%

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