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Initial claims for state unemployment benefits increased 17,000 to a seasonally adjusted 242,000 for the week ended Dec. 7, the Labor Department said on Thursday. ... US weekly jobless claims ...
The number of Americans filing new applications for unemployment benefits rose slightly last week, pointing to steadily easing labor market conditions heading into the final stretch of 2024.
The process for claiming weekly benefits (certifying for benefits), for each week of unemployment while looking for work, begins on last day of that week (Sunday) through the following Saturday (claim window, waiting period, or waiting week). [7]
Weekly applications for jobless benefits are considered representative of U.S. layoffs in a given week. The number of Americans applying for unemployment benefits fell to the lowest level in six ...
For one, initial claims don't include continued claims—individuals who claim benefits for additional weeks of unemployment beyond their initial claim. Additionally, not all claimants will actually receive unemployment benefits. [1] The report is released weekly at 08:30 Eastern Time on Thursdays.
Unemployment insurance is funded by both federal and state payroll taxes. In most states, employers pay state and federal unemployment taxes if: (1) they paid wages to employees totaling $1,500 or more in any quarter of a calendar year, or (2) they had at least one employee during any day of a week for 20 or more weeks in a calendar year, regardless of whether those weeks were consecutive.
The four-week average of weekly claims, which quiets some of the weekly volatility, fell by 3,750 to 217,750. Weekly applications for jobless benefits are considered a proxy for U.S. layoffs.
Unemployment rates historically are lower for those groups with higher levels of education. For example, in May 2016 the unemployment rate for workers over 25 years of age was 2.5% for college graduates, 5.1% for those with a high school diploma, and 7.1% for those without a high school diploma.