The Department of Labor reports unemployment (initial claims) statistics as follows.

“In the week ending Dec. 4, the advance figure for seasonally adjusted initial claims was 421,000, a decrease of 17,000 from the previous week’s revised figure of 438,000. The 4-week moving average was 427,500, a decrease of 4,000 from the previous week’s revised average of 431,500.”

These figures are still high and continued job losses may still be on the horizon.

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President Obama presses congress to pass the tax cut extension that he negotiated with republicans. According to the president this extension would create millions of jobs, if its not passed Americans could face smaller paychecks and fewer jobs. The tax cut will affect all tax payers for two years. Part of the plan would ensure jobless benefits for millions would continue and a reduction in payroll taxes for all workers. Its up to the house to pass the bill!

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The Department of Labor reports unemployment (initial claims) statistics as follows.

“In the week ending Nov. 27, the advance figure for seasonally adjusted initial claims was 436,000, an increase of 26,000 from the previous week’s revised figure of 410,000. The 4-week moving average was 431,000, a decrease of 5,750 from the previous week’s revised average of 436,750.”

These figures are still high and continued job losses may still be on the horizon.

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The Department of Labor reports unemployment (initial claims) statistics as follows.

“In the week ending Nov. 20, the advance figure for seasonally adjusted initial claims was 407,000, a decrease of 34,000 from the previous week’s revised figure of 441,000. The 4-week moving average was 436,000, a decrease of 7,500 from the previous week’s revised average of 443,500.”

These figures are still high and continued job losses may still be on the horizon.

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The Department of Labor reports unemployment (initial claims) statistics as follows.

“In the week ending Nov. 13, the advance figure for seasonally adjusted initial claims was 439,000, an increase of 2,000 from the previous week’s revised figure of 437,000. The 4-week moving average was 443,000, a decrease of 4,000 from the previous week’s revised average of 447,000.”

These figures are still high and continued job losses may still be on the horizon.

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The Department of Labor reports unemployment (initial claims) statistics as follows.

“In the week ending June 19, the advance figure for seasonally adjusted initial claims was 457,000, a decrease of 19,000 from the previous week’s revised figure of 476,000. The 4-week moving average was 462,750, a decrease of 1,500 from the previous week’s revised average of 464,250.”

These figures are still high and continued job losses may still be on the horizon.

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From the Bureau of Labor Statistics:Total nonfarm payroll employment grew by 431,000 in May, reflecting the hiring of 411,000 temporary employees to work on Census 2010, the U.S. Bureau of Labor Statistics reported today…  The unemployment rate edged down to 9.7 percent.
The job market will remain sluggish for 2010! Companies for the last two years have downsized to an efficient operating workforce, therefore without demand, hiring will remain flat.

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The FDIC seized 5 more banks, raising the totaled number of failed U.S banks in 2010 to 78. FDIC Chairman Sheila Bair has said in the current banking crisis, failures will peak in 2010.

According to the FDIC bank failures from 2009 to 2013 is expected to cost $100 billion. Small(regional) banks are failing due to the loan losses from the credit boom. Many losses are result of the collapsed commercial real estate projects.

Brief Rundown;

Bank                                                                                     Assets                                   Deposits

Sun West Bank (Nevada)                                               $360.7 million                   $353.9 million
Granite Community Bank (California)                      $102.9 million                    $94.2 million
Bank of Florida – Tampa Bay (Florida)                    $245.2 million                     $224.0 million
Bank of Florida Southwest (Florida)                          $640.9 million                    $559.9 million
Bank of Florida Southeast (Florida)                            $595.3 million                   $531.7 million

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The Department of Labor reports unemployment (initial claims) statistics as follows.

“In the week ending May 22, the advance figure for seasonally adjusted initial claims was 460,000, a decrease of 14,000 from the previous week’s revised figure of 474,000. The 4-week moving average was 456,500, an increase of 2,250 from the previous week’s revised average of 454,250.”

These figures are still high and continued job losses may still be on the horizon.

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The Department of Labor reports unemployment (initial claims) statistics as follows.

“In the week ending May 15, the advance figure for seasonally adjusted initial claims was 471,000, an increase of 25,000 from the previous week’s revised figure of 446,000. The 4-week moving average was 453,500, an increase of 3,000 from the previous week’s unrevised average of 450,500.”

These figures are still high and continued job losses may still be on the horizon.

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