Number of Americans filing for unemployment benefits rises to 242,000, highest level in 3 months
Number of Americans filing for unemployment benefits rises to 242,000, highest level in 3 months
Applications for U.S. jobless benefits rose to a three-month high last week but remained within the same healthy range of the past three years.
The number of Americans filing for jobless benefits rose by 22,000 to 242,000 for the week ending Feb. 22, the Labor Department said Thursday. Analysts projected that 220,000 new applications would be filed.
Weekly applications for jobless benefits are considered a proxy for layoffs.
The four-week average, which evens out some of the week-to-week volatility, climbed by 8,500 to 224,000.
Some analysts say they expect layoffs ordered by the Department of Government Efficiency to show up in the report in the coming weeks.
Yup, good ole government efficiency, instead of getting paid by their job, gonna get unemployment benefits. How's that saving the government money again?
I think the real reason they are doing this is bcz they want to privatize a bunch of stuff that is government right now, or pocket the money from some of the contracts.
100%. They're going to cut govt spending, allowing private interests to step in at vastly increased prices. And it's going to be weird all these contacts and friends of politicians just happen to be positioned well to benefit off this.
Gee, I wonder fucking why. Couldn't possibly be all the federal workers getting laid off.
Couldn’t possibly be all the federal workers getting laid off.
They are certainly part of it but there's a very long chain of organizations, many of which aren't obvious to most people, supported by the US Federal Government. Those organizations are swiftly going into preservation mode and seeking to spend as little money as possible by laying off staff and downsizing or cancelling projects. Every one of those layoffs and project changes has negative effects downstream on other businesses, contractors, and services.
The idiots who voted for the current administration have no idea what's coming and how badly its going to hurt them.
All that ''money to other countries'' is generally spent on American companies, the food is coming from American farms
I mentioned in another thread how my saved job searches lean heavily into government-contract firms, just due to skillset. I've never had a government job, never particularly wanted one. But not only are those precious few openings going away, but currently held positions are going to be eliminated. And the even fewer private sector jobs are going to be even more hotly contested.
It's like watching a 5 year old assess a decades-old game of Jenga and unilaterally deciding that we don't need that piece on the second layer.
Lol. All in the first MONTH.
Imagine what this country is going to look like 4 years from now.
Thanks conservatives, 3rd party voters, and non-voters. Really pulled a smart one this time.
If it's really only 22,000 in the first month, that's still much lower than I expected.
I'm sure it'll go higher, but I'm still confused.
Are we great again yet?
Such a golden age people no longer have to work right?
Don't worry, I'm sure fElon will make unemployment benefits even more efficient, too. Streamline the process by removing benefits from unemployment and those freeloaders will have to be efficient by taking the first underpaying offer given to them. /s
The actual efficiency would be UBI, but of course that's never going to be on his agenda
Is there such a thing as federal unemployment? When ive used it I went through my state
Next up for mass firing: the labor department data analysts and communications team.
What do you think we'll find out if we fuck around and create a huge mass of unemployed people with nothing to lose and a ton of free time on their hands
In a nation slap full of guns with no mental healthcare? Hmm....
Bread lines?
Just wait until the results of the tariffs start hitting and companies begin cutting people to adjust for their ‘bottom lines’
We saw some of that several years ago in Trumps first term but it will be much worse this time as inflation is higher and so are the tariffs.
Gonna be over 1M by the end of this year.
Trump did that.
Thanks, Obama!