Drop in claims possibly points to a strengthening labor market In the first week of July, initial claims for unemployment benefits in the U. S. fell to the third-lowest level this year, and could signal an improving labor market, according to a report from the Wall Street Journal.
The recession created a spike in unemployment across the board, but one of the hardest hit groups, which was already struggling to garner support and assistance - adults with mental illness - remain unemployed and are relying on expensive social security income programs to live.
On Tuesday, Hillary Clinton unveiled an initiative to combat youth unemployment during a speech addressing the challenges posed by economic inequality at a Denver gathering of the Clinton Global Initiative.
Fewer Americans filed unemployment claims last week. First-time jobless claims for the week ending June 14 fell 6,000 from the previous week. A total of 312,000 Americans filed unemployment claims for the first time last week, the Labor Department reported on Thursday.
The Latino unemployment rate in the United States increased to 7.7 percent last month, despite an increasing number of Hispanics entering the job market. According to the National Council of La Raza, a heavy emphasis shouldn't be placed on the monthly unemployment numbers, since many factors shift each month.
The unemployment rate in the United States dipped, according to figures released by the Department of Labor's Bureau of Labor Statistics. However, the percentage for Hispanics increased.
16,000 more people filed claims than expected. More people filed unemployment claims than expected last week. In the week ending May 17, 326,000 unemployment claims were made, up from the 310,000 expected.
Last month, the U.S. saw its unemployment rate drop to its lowest level since before the recession in 2008 as it went down from 6.7 percent in March to 6.3 percent.
On Thursday, members of the American Postal Workers Union held demonstrations at several Staples locations in 27 states to protest a partnership between the U.S. Postal Service and Staples Inc.
CNN and ORC International released a poll on Friday that looks at the American economy by the numbers in relation to the conflicting perspective that most Americans have on the current economy.
Unemployment among Hispanic Americans ticked up a tenth of a point, to 9.1 percent in the latest jobs report from the U.S. Department of Labor. The overall unemployment rate rose the same amount, to 7.6 percent.
