Ground News. Devory Darkins, A Righteous Perspective.

US unemployment claims fall again last week, remain at historically healthy level

The number of Americans applying for unemployment benefits fell last week and remain at historically healthy levels despite some signs that the labor market is weakening.
ground.news

ede7db54c8461e06c8a85cc3a6dc595fcaa2eb61.jpg

  • The number of Americans applying for unemployment benefits fell last week but remains at historically healthy levels.
  • The U.S. gained 64,000 jobs in November but lost 105,000 in October due to federal workers' departures.
  • Job creation has fallen to an average of 35,000 a month since March, compared to 71,000 in the previous year, as hiring has lost momentum
 
ground.news

U.S. economic growth accelerated to a 4.3% annual rate last quarter, exceeding expectations

The U.S. economy grew at an unexpectedly robust pace in the third quarter, according to a shutdown-delayed government report.
ground.news
39e5e3b61d31347117cb951f408db6e1a7e70740.jpg

  • Real GDP rose at an annualized rate of 4.3% in the third quarter, exceeding the expected 3.3% and surpassing the 3.8% growth in the second quarter.
  • The Congressional Budget Office indicated that the recent government shutdown likely lowered real GDP during its occurrence.
  • Mark Hamrick from Bankrate stated that the economy's performance will be clearer next year, hinting at potential stability in the job market.
  • Federal Reserve Chair Jerome Powell mentioned that the baseline for next year would indicate solid growth due to consumer spending and artificial intelligence
 
219123db9d4058f00c0824bf1c2faeed8f5f1183.jpg



  • On Wednesday, the U.S. Labor Department reported U.S. employers added 130,000 jobs last month and the unemployment rate fell to 4.3%.
  • Government revisions cut into the previously reported 584,000 jobs figure, sharply reducing prior payroll totals and muddling 2024-2025 payrolls.
  • Private measures showed weaker hiring as ADP payroll processor reported 22,000 jobs added last week, while Challenger, Gray & Christmas recorded more than 108,000 cuts last month and job openings fell to 6.5 million.
  • Analysts say the unemployment rate is providing a better gauge amid revisions and will influence policy and markets, while economists warned revisions could mean the American economy lost jobs in 2025.
  • Policy factors including high interest rates, Elon Musk's federal workforce purge last year, and President Donald Trump's immigration policies have cut labor supply and lowered the jobs break-even point.


 
Last edited:

US weekly jobless claims fall less than expected

WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell last week, remaining within the historically healthy range of the past few years. Applications for jobless aid for the week ending Feb. 7 fell by 5,000 to 227,000 from the previous week, the Labor Department...
ground.news

03e723fbec47c8ae0a2910658f262cfde69e2e4a.jpg


  • Initial claims for state unemployment benefits dropped 5,000 to a seasonally adjusted 227,000 for the week ended February 7, below the forecast of 222,000 claims.
  • The unemployment rate fell to 4.3% from 4.4% in January, though job growth was concentrated in the healthcare and social assistance sector.
  • Economists characterized the labor market as remaining in a 'low hire, low fire' state despite tax cuts being expected to boost employment growth this year.
 
ground.news

House passes SAVE America Act, sending Trump-backed election bill to the Senate

The Republican-controlled House voted Wednesday to pass the SAVE America Act, a sweeping election bill that President Donald Trump is pushing Congress to enact.
ground.news
4c6cbd240afbe98942eb60c5112131d76d82487a.jpg


  • On Feb. 11, the Republican-controlled U.S. House of Representatives passed the Safeguard American Voter Eligibility Act in a 218-213 vote, sending the bill to the Senate.
  • Supporters say the bill addresses election integrity, citing a Pew Research Center poll showing 83% of voters, including 71% of Democrats, back photo ID.
  • The legislation would require documentary proof-of-citizenship like an American passport or birth certificate to register, mandate ID copies for absentee ballots and photo ID for in-person voting, and enable federal information-sharing with DHS while imposing criminal penalties on election officials.
  • Critics warn the bill could disenfranchise voters, saying independent experts and voting-rights groups caution it could block millions and the Brennan Center notes women may face extra hurdles
 
Last edited:
You must log in or register to reply here.
Back
Top