Weekly U.S. jobless claims rise more than expected

The number of Americans filing for first-time unemployment benefits rose by 11,000 to 362,000 in the week ended September 25th, according to the Labor Department. Analysts surveyed by Refinitiv were expecting the number of first-time filings to decline to 335,000.

U.S. unemployment

Fox Business:

The number of Americans filing for first-time unemployment benefits rose by 11,000 to 362,000 in the week ended Sept. 25, according to the Labor Department. Analysts surveyed by Refinitiv were expecting the number of first-time filings to decline to 335,000.

Continuing claims for the week ended Sept. 18 slid to 2.802 million from a downwardly revised 2.845 million the week prior. Analysts had anticipated a decline to 2.8 million. The decrease in continuing claims came two weeks after the expiration of $300 per week in supplemental unemployment benefits.

CNBC:

The seasonally adjusted total was the highest since the 377,000 for the week ended Aug. 7 and indicated that hiring may be slowing at a time when concerns are growing about the pace of the economic recovery and the impact the pandemic may have heading into autumn.

Continuing claims, which run a week behind the headline weekly number, rose to 2.84 million, an increase of 131,000.

With enhanced unemployment benefits coming to a close, the total of those enrolled under all programs fell to 11.25 million… California saw 24,221 new claims, according to unadjusted numbers. Earlier this month, the state implemented a program in which those who had been cut off from enhanced aid could file for an additional week of benefits.

MacDailyNews Take: Obviously, a healthy U.S. economy is essential to Apple, as America is, by far, Apple’s largest market.

17 Comments

  1. Joe Biden is an illegitimate president of a failing country.

    Maricopa County audit flagged over 57K ballot issues in a state Biden “won” by fewer than 11K votes

    In one particularly difficult-to-square anomaly, more than 9,000 more ballots were returned by voter than were sent out. In more than 3,000 instances, the official results do “not match who voted.”

    There were 2,592 more duplicates than original ballots. There were 2,382 in person voters who had moved out of Maricopa County, and 2,081 who had moved out of state during the 29 days preceding the election. Hundreds more votes were cast by people who were not part of the official precinct register, or returned by mail from people who had not been sent ballots.

    More info: Maricopa County audit flagged over 57K ballot issues in a state Biden “won” by fewer than 11K votes

  2. Man O’ Man, President Biden is simply AMAZING lighting up the presidency with one remarkable success after another!!! Schooling Trump on how to run the government, turn around the economy on a dime, paying down deficits and borrowing, the greatest military perfect pull-out in history, UNITING and bringing everyone together, wow, to many to list here… /s

    1. Sarcasm noted …

      because its largely untrue. For example, the DJIA is down -4% this month because of political games of Fiscal Chicken being perpetrated, as illustrated with the -500 point drop today and nearly -1000 points (over 2.5%) within the past week.

      Likewise, the “greatest military perfect pullout” was intended to be sarcastic, but its probably true. Pick the metric you want … how about Qty evacuated per US military casualty? This one was 124,334 evacuated with 13 US military deaths … that’s 9564 saved per sacrifice. Contrast that with the fall of Saigon in Vietnam: 6968 saved with 4 US military deaths = 1742 saved per sacrifice.

      Or if you want to move the goalposts to nothing less than past historical retreats from Kabul, Afghanistan, then consider the British in 1842: exactly one officer (Assistant Surgeon William Brydon), “…[plus] a few Indian sepoys” reached Jalalabad. Even if you include the ~hundred British prisoners and civilian hostages who were later released, its still less than a 1% evacuation success rate, plus there were reportedly ~2,000 Indians who survived but didn’t escape from Kabul: they spent the rest of their life either as beggars or were sold into slavery.

      Cite:
      https://en.wikipedia.org/wiki/1842_retreat_from_Kabul

        1. Oh, look: its a “BRAVE” sock puppet account (w/Stolen Valor) who can barely make an Ad Hominem insult attempt.

          Oh, and you know that they’re not pathetically lame because they included a “meme” picture too.

          The facts remain the same:
          Saigon airlift: 1742 saved per sacrifice
          Kabul airlift: 9564 saved per sacrifice (5x more).

          If you think that this comparison is somehow “unfair”, try to figure out why you’re upset.

          Then you may be able to offer another historical precedent for comparison consideration, with its performance metrics and justification for comparability.

          Or you can continue to lamely sit on your thumbs, posting fake photos from Russia, believing your delusions that you’re somehow an American-Loving Patriot. /s

          1. You can snidely mock and laugh all you want sanctimonious Leftist, the photo accurately sums up totally CLUELESS Biden ala Saturday Night Live style. What goes around, comes around…

            1. As I said below,

              “I don’t see you offering any factual comparisons to back up your claim.

              My offer of “Pick the metric you want” is still open for you to try to make your claim objective instead of lamely partisan. Good luck.”

              Instead of providing anything objectively credible, you just hit the 1-star vote button and ran away from being accountable for what you wrote.

              But sure, do feel free to try to sling more lame Ad Hominem around, because each time you do so, it shows that that’s the most that you’re capable of doing.

        1. No, I’m dead serious: the Vietnam & UK “deflections” are examples of historical precedent: one is a contemporary military analogy employing airlift, and the other is a geographical analogy to the region.

          I don’t see you offering any factual comparisons to back up your claim.

          My offer of “Pick the metric you want” is still open for you to try to make your claim objective instead of lamely partisan. Good luck.

          1. Of course you are serious. What sanctimonious Leftist is not? After all you are THE chosen ones and understand in your world no one else matters.

            What you miss over and over is I could not care less about your deflection examples they are irrelevant. The worst military withdrawal in U.S. military history belongs to President Biden and his clueless military staff.

            You admitted as such: “Likewise, the “greatest military perfect pullout” was intended to be sarcastic, but its probably true.” NO mealy mouth — it is most certainly true and the overwhelming majority, with the exception of clueless partisans like Pelosi and Schumer, BELIEVE IT.

            You brought up DJIA, I did not not. I was referring to the overall economy collectively under Biden since he took office, not a cherry picked monthly excuse.

            Inflation is at a 15-year high. Consumer goods prices are through the roof with no end in sight. Biden wants to saddle the taxpayers with an additional 5-6 trillion dollars in debt for socialist, Marxist spending on wasteful government programs. We have no Southern border with hundreds of thousands unvaccinated illegals streaming into our cities and country. I could go on and on…

            The Biden buffoon and the idiots running Congress are the worst administrations in U.S. history, period…

            1. Yeah, you will go on and on …

              … but as has been already documented, each of your claims are based in lies.

              You were challenged to provide a better metric for success/failure on the military pullout than what I proposed. You’ve dodged every single time.
              Trump used the DJIA every week for years as a surrogate for the overall economy, but when I use it in the same exact fashion, you cry “foul!”. Hypocrite.
              “Saddling the taxpayers” .. was once again perfectly fine in your view when it was Trump doing it. And what he did was to just give away money to the 1% instead of actually buying anything for it (eg, roads/highways infrastructure). PLUS it was done over just a few years, not a 10 year plan. Plus I’ve already said, if you’re going to suddenly become fiscally conservative regarding the budget deficit, repealing the 2017 Tax Cut is the obvious solution – – and when the same accounting methodology is used for it as the current Infrastructure proposal, it saves you the entire $5.5T that you’re whining about.
              RE: Southern border: ah, yes, the dramatic reports of thousands & thousands of people being captured by the CBP: that number going up just shows that the Agents are doing their job, because those are detentions of people trying to cross, not the number who have evaded & been successful. Higher enforcement success is what happens when over the past ~25 years, the number of Agents doing said enforcement has been literally QUADRUPLED.

              Overall, if you’re so dissatisfied with how things are running, then you should simply got back to whatever “sh*thole” country your ancestors fled from, because even if you came over on the Mayflower in 1621, you’re still an immigrant…and in trying to deny others the same opportunity, you’re being a hypocrite about it. FYI, don’t even try the “we’re full” excuse, because US birthrates are at an all-time low of 1.70, the 30th year in a row of being below-sustainable: a main reason why the US population hasn’t been literally shrinking is because of immigrants.

  3. And yet when a Republican is in office the headlines read-
    “Weekly U.S. jobless claims fall more than expected”

    It’s almost as if those ‘expecting’ have no clue or basis for their expectations…

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