Unemployment Benefits News
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Updated 1 hour, 41 minutes ago
Consumers’ economic outlook improved in May to its best reading in five months, showing Americans are looking beyond the current slowdown to a rebound in growth later this year.
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Updated 1 hour, 37 minutes ago
U.S. stock futures dropped as more Americans than projected filed applications for unemployment benefits last week and starts of new homes fell in April.
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West Texas Intermediate crude fell as the dollar strengthened against the euro after the number of Americans filing jobless claims decreased to the lowest level in more than five years.
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After working 37 years in the coal mines of West Virginia, Ronny Justice punctuates his sentences with coughs. He lost his job a year ago, leaving him without health insurance just as he’s battling the early stages of black-lung disease.
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Dentral Smith had to say no when her granddaughter asked for a treat on the way home from school. The government’s cut in unemployment payments leaves her with less spending money.
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American employers took on more workers than forecast in April and the jobless rate unexpectedly fell to a four-year low of 7.5 percent, reflecting confidence in the outlook for the world’s biggest economy.
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West Texas Intermediate crude gained the most in almost six months as the number of Americans filing applications for unemployment benefits slipped and the European Central Bank reduced interest rates to a record low.
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Long-term unemployment is one of the most vexing problems the U.S. faces, and today’s jobs report shows all-too-meager progress in fixing it.
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Ethanol’s discount to gasoline widened after a government report showed production of the biofuel climbed to the highest level in 10 months.
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The following is a selection of the most important news affecting the oil market.
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