The economy lost 95,000 jobs in September, because the private sector hired only 64,000 workers while governments cut 159,000. The jobless rate remains 9.6%. Minus the usual boosts from housing and consumers, the U.S. still lac…
Data from the IRS shows that 2,840 households reporting at least $1 million in income on their tax returns that year also collected a total of $18.6 million in unemployment benefits in 2008.
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Initial jobless claims fell 16,000 to 453,000 in the week ending Sept. 25, a sharper fall than expected. The revised figure for the previous week was 469,000.
Analysts surveyed by Reuters forecast claims of 460,000.
Companies that laid off workers …
Initial jobless claims fell to a two-month low of 450,000, confounding analyst expectations.
Jobless claims dipped 3,000 in the week ending Sept. 11, the Department of Labor said. The revised figure for the previous week was 453,000.
Analysts polled by Reuters forecast claims rising to 460,000.
“The labor market is slowly getting back on track,” Ryan Sweet, a senior economist at…
Continue reading Jobless Claims Fall to Two-Month Low
Jobless Claims Fall to Two-Month Low originally appeared on DailyFinance on Thu, 16 Sep 2010 08:37:00.
The annual U.S. budget deficit is well over a trillion dollars, and in the long term, that’s unsustainable. But a closer look at the sources of most of that gap shows that balancing the budget wouldn’t be nearly as hard as it m…