Layoffs Have Slowed, Hiring Has Picked Up, But Jobless Claims Are Higher
There were 372,000 first-time claims for unemployment insurance last week, up by 10,000 from the week before, the Employment and Training Administration says. What's more, that previous week's total was revised up from the previous estimate of 350,000. The relatively negative news about jobless claims means that two out of this morning's three employment-related reporters were positive. As we reported earlier, the ADP National Employment Report showed a much larger than expected gain of 215,000 jobs in private sector payrolls last month. Also, the outplacement firm Challenger, Gray & Christmas reported that the number of layoffs announced in 2012 was the lowest for any year since 1997. Friday morning, the Bureau of Labor Statistics is due to release the week's big employment report. It will tell us what the unemployment rate was in December and how many jobs were added to payrolls last month.
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Organization: National Employment Report
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Last year, American companies announced the fewest number of layoffs for any year since 1997. That's good news. In December, they added on 215,000 workers, according to a new survey. That's good news too. But last week more people filed first-time claims for unemployment insurance.
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Layoffs Have Slowed, Hiring Has Picked Up, But Jobless Claims Are Higher
Source Webpage: npr.org
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