Posts Tagged ‘jobless’

AWFUL! 428,000 new jobless claims last week.

THE GOOD NEWS: Soon this number is bound to drop because there won’t be anyone employed anymore. Hence, no more “new” jobless claims, just “old” jobless claims.

CNBC: The weekly jobless claims number, which is closely watched as an indicator for employment trends, unexpectedly rose 11,000 to 428,000, well ahead of estimates of 411,000.

The consumer price index, meanwhile, gained 0.4 percent when including volatile food and energy prices, after an increase of 0.5 percent in July. The so-called core CPI, though, gained 0.2 percent, which was in line with expectations.

Consumers paid more for a range of goods and services last month, pushing up inflation and squeezing Americans’ purchasing power.

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AWFUL: Jobless benefit claims jump again, to 417,000 for week

CNBC: Initial claims for state unemployment benefits rose 5,000 to a seasonally adjusted 417,000, the Labor Department said, but still nowhere near levels that would signal a recession.

Economists polled by Reuters had forecast claims rising to 405,000 last week. The prior week’s claims were revised up to 412,000 from the previously reported 408,000.

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McJobs: Economy added 244,00 jobs in April — but 62,000 of those jobs were at McDonald’s

1,000,000 Americans applied for these 62,000 McJobs.

Is this the “hope and change” you were looking for?

ALL GOV: The world’s biggest restaurant chain reported that it received one million applicants for open positions, which resulted in 62,000 people gaining employment. Another 900,000 plus were turned down.

A McDonald’s spokeswoman said the company had planned to hire only 50,000 new employees. But the intense demand prompted it to take on an additional 24% in staff.

75,000 Applied for 2,000 Local McJobs in Chicago

NBC CHICAGO: A McJob looked mighty appealing to tens of thousands of people in the Chicago area.

More than 75,000 job-seekers applied for 2,000 area positions with McDonald’s during the fast food king’s first-ever “National Hiring Day” on April 19.

Applicants packed franchises in Illinois, Southern Wisconsin and Northwest Indiana. McDonald’s filled all 2,000 jobs, including more than 1,000 posts in the Chicago area alone, a McDonald’s spokesperson said.

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1 in 188 of all Florida residents applied for a job a McDonald’s at “Hiring Day” event

4 percent were hired.

In Florida, McDonald’s received more than 100,000 applications from its hiring day event and wound up hiring 4,337 people.

[snip]

In all, 1 in every 188 Florida residents applied for a job at the hamburger giant during its hiring event.

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Jobless claims spike back up

CNBC: New claims for unemployment benefits unexpectedly rose last week, bouncing back above the key 400,000 level, while core producer prices clumbed faster than expected in March, government reports showed on Thursday.

Initial claims for state unemployment benefits rose 27,000 to a seasonally adjusted 412,000, the Labor Department said.

Economists polled by Reuters had forecast claims slipping to 380,000.

The prior weeks figure was revised up to 385,000 from the previously reported 382,000.

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