pull down to refresh

US weekly jobless claims fall amid low layoffswww.reuters.com/business/us-weekly-jobless-claims-fall-amid-low-layoffs-2025-08-14
197 sats \ 9 comments \ @Coinsreporter 14 Aug econ
The number of Americans filing new applications for jobless benefits fell last week amid low layoffs, but a reluctance by businesses to boost hiring because of softening domestic demand could drive the unemployment rate to 4.3% in August.
Initial claims for state unemployment benefits dropped 3,000 to a seasonally adjusted 224,000 for the week ended August 9, the Labor Department said on Thursday. Economists polled by Reuters had forecast 228,000 claims for the latest week.
write
preview
related posts
71 sats \ 7 replies \ @Undisciplined 14 Aug
Hundreds of thousands of feds are unemployed but ineligible to file jobless claims. Many of them are running out of paid administrative leave at the end of the month.
The job numbers are going to be weird until they clear through.
reply
42 sats \ 6 replies \ @Coinsreporter OP 14 Aug
This means the real numbers are actually much higher. I'm curious to know how much in jobless benefits does the US pay to an individual?
reply
21 sats \ 5 replies \ @Undisciplined 14 Aug
It varies by state and people pay in to unemployment insurance while they work to fund it.
I think it’s typically something like 60% of what you had been earning. I don’t recall how long you can collect it but I think it’s something like 6 weeks.
reply
42 sats \ 3 replies \ @Coinsreporter OP 15 Aug
Wow! It's too much. As a jobless we hardly recieve $100 in a year.
reply
21 sats \ 2 replies \ @Undisciplined 15 Aug
With a widely funded insurance program and low unemployment rates, it can be one of the less stupid policies.
It doesn't function as a handout and that's not the point. The point is that people can afford to keep paying their bills for the duration of a normal job search.
reply
42 sats \ 1 reply \ @Coinsreporter OP 15 Aug
Yeah, I get it. But when I compare these numbers, or any numbers to those in India, I go nuts.
Do you know less than 2% Indian households pay income taxes while in US, it's 50%+ if I've read it correctly.
view all 1 replies
42 sats \ 0 replies \ @kepford 14 Aug
There's a ceiling to how much you can "draw" as well.
In California it is $450 a week. It hasn't been adjusted for inflation either. Hasn't been adjusted since 2005. By the way, side note here. The last time it was increased a Republican was governor. The two men that claim to care about those struggling to get by Jerry Brown, and Gavin Newsom haven't done anything to increase it. Their party has held majorities in both houses since the 90s.
What they have done to this state should have been a wake up call decades ago but voters are dumb and easily manipulated. I'm not saying the Republicans are the fix. Just making a point about the lies the party in power tells.
reply
0 sats \ 0 replies \ @spiderman 15 Aug
So no fed rate hike, no quant easing, btc will crash, gold will crash and burn? 😭
reply