No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Wednesday, October 8, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Economy

Continuing Unemployment Claims Reach New Post-Covid High

by TheAdviserMagazine
3 months ago
in Economy
Reading Time: 2 mins read
A A
Continuing Unemployment Claims Reach New Post-Covid High
Share on FacebookShare on TwitterShare on LInkedIn


The job market is freezing up. While we’re not yet seeing a trend toward widespread layoffs, it is increasingly difficult to get hired. As we saw last week here in Power&Market, hires are becoming increasingly rare. And, while new layoffs may be moving sideways—and not swiftly rising—the number of people who remain unemployed for a significant period after a layoff is rising. 

For example, according to new unemployment numbers released today, “continuing claims” for unemployment insurance hit another new cycle high during the week of June 21. 

The four-week moving average shows the same trend:

With 1.95 million workers continuing on the unemployment rolls, the total is at the highest since the covid panic. If we exclude the covid period, we’re looking at the highest since March 2018:

Alicia Wallace provides a summary at CNN: 

Layoffs may not be mounting, but it’s getting harder to find a job in a labor market where hiring is “anemic” as tariff-driven economic uncertainty has put a chill on some employers.

New data released Thursday showed that initial claims for unemployment benefits — considered a proxy for layoffs — fell last week. However, the number of recurring claims made by people who already have filed for unemployment rose to their highest level since November 2021.

There were an estimated 227,000 first-time applications for unemployment insurance made during the week that ended on July 5. That’s down 5,000 claims from the prior week.

…

The US labor market has cooled significantly during the past year, and the pullback in job growth has largely been attributed to employers reining in hiring rather than conducting mass layoffs.

That trend, however, has meant that it’s taken longer for unemployed people to find work. Continuing claims, which are filed by people who have received jobless benefits for at least one week, once again but up against three-and-a-half-year highs.

…

“It’s difficult to find a new job right now. Young people are struggling to get their first jobs and anyone who has been laid off is having a hard time landing their next role,” Heather Long, chief economist at Navy Federal Credit Union, wrote Thursday. “The labor market is frozen outside of healthcare, education and law enforcement jobs. Hiring is anemic in other sectors as companies remain cautious in this environment.”



Source link

Tags: ClaimsContinuingHighpostCovidreachunemployment
ShareTweetShare
Previous Post

Zero Trust Platforms, Q3 2025 — Choosing A Platform Solution For Your Zero Trust Journey

Next Post

Delta Air Lines (DAL) gains on strong Q2 2025 performance

Related Posts

edit post
Merkel Blames COVID For Ukraine War

Merkel Blames COVID For Ukraine War

by TheAdviserMagazine
October 8, 2025
0

Former German Chancellor Angela Merkel was the first person to admit that the Minsk Agreement was a ploy to buy...

edit post
Coffee Break: Armed Madhouse – Drone Evolution

Coffee Break: Armed Madhouse – Drone Evolution

by TheAdviserMagazine
October 7, 2025
0

This is Naked Capitalism fundraising week. 1147 donors have already invested in our efforts to combat corruption and predatory conduct,...

edit post
WTO hikes global trade forecast for 2025; slowdown expected in 2026

WTO hikes global trade forecast for 2025; slowdown expected in 2026

by TheAdviserMagazine
October 7, 2025
0

A cargo ship sits outside of the Port of Elizabeth marine terminal seen from Bayonne, New Jersey, U.S., April 9...

edit post
Mises on Separating Morality and State

Mises on Separating Morality and State

by TheAdviserMagazine
October 7, 2025
0

A recent surge of politically-motivated violence, dramatically underscored by the shocking assassination of Charlie Kirk, has left many Americans wondering...

edit post
Letters to Frank Meyer Reveal Rothbard’s Views on Lincoln, Slavery, and Popular Sovereignty

Letters to Frank Meyer Reveal Rothbard’s Views on Lincoln, Slavery, and Popular Sovereignty

by TheAdviserMagazine
October 7, 2025
0

When Frank Meyer described Abraham Lincoln in National Review shortly after the centenary of his death as the purveyor of...

edit post
The shutdown meant no jobs report. Carlyle’s analysis shows it would have been pretty bad

The shutdown meant no jobs report. Carlyle’s analysis shows it would have been pretty bad

by TheAdviserMagazine
October 7, 2025
0

Job seekers attend the Mega JobNewsUSA South Florida Job Fair held in the Amerant Bank Arena on September 25, 2025...

Next Post
edit post
Delta Air Lines (DAL) gains on strong Q2 2025 performance

Delta Air Lines (DAL) gains on strong Q2 2025 performance

edit post
Ethereum Reclaims NFT Market Dominance – Rises +30% In Sales

Ethereum Reclaims NFT Market Dominance – Rises +30% In Sales

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
Tips to Apply for Mental Health SSDI Without Therapy

Tips to Apply for Mental Health SSDI Without Therapy

September 19, 2025
edit post
STZ Q2 2026 Earnings Call: Listen Live and Follow Along with the Real-Time Transcript

STZ Q2 2026 Earnings Call: Listen Live and Follow Along with the Real-Time Transcript

0
edit post
Israeli drone co UVision in 2m deal with US Army

Israeli drone co UVision in $982m deal with US Army

0
edit post
Merkel Blames COVID For Ukraine War

Merkel Blames COVID For Ukraine War

0
edit post
New Yorkers Gain Access to Crypto Staking as Coinbase Secures State Approval

New Yorkers Gain Access to Crypto Staking as Coinbase Secures State Approval

0
edit post
Embracing Technology Without Overwhelm: Tips for Digital Confidence in Later Life

Embracing Technology Without Overwhelm: Tips for Digital Confidence in Later Life

0
edit post
YZi Labs Unveils  Billion Fund for BNB Chain Projects with Up to 0K Per Team

YZi Labs Unveils $1 Billion Fund for BNB Chain Projects with Up to $500K Per Team

0
edit post
New Yorkers Gain Access to Crypto Staking as Coinbase Secures State Approval

New Yorkers Gain Access to Crypto Staking as Coinbase Secures State Approval

October 8, 2025
edit post
YZi Labs Unveils  Billion Fund for BNB Chain Projects with Up to 0K Per Team

YZi Labs Unveils $1 Billion Fund for BNB Chain Projects with Up to $500K Per Team

October 8, 2025
edit post
American Eagle CEO defends Sydney Sweeney campaign: ‘You can’t run from fear. We stand behind what we did’

American Eagle CEO defends Sydney Sweeney campaign: ‘You can’t run from fear. We stand behind what we did’

October 8, 2025
edit post
XRP Price Targets You Need To Know Now: Cubic Analytics

XRP Price Targets You Need To Know Now: Cubic Analytics

October 8, 2025
edit post
Elbit Systems bids to upgrade Argentinian F-16s

Elbit Systems bids to upgrade Argentinian F-16s

October 8, 2025
edit post
Ørsted raises .35bn through rights issue

Ørsted raises $9.35bn through rights issue

October 8, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • New Yorkers Gain Access to Crypto Staking as Coinbase Secures State Approval
  • YZi Labs Unveils $1 Billion Fund for BNB Chain Projects with Up to $500K Per Team
  • American Eagle CEO defends Sydney Sweeney campaign: ‘You can’t run from fear. We stand behind what we did’
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.