US Weekly Jobless Claims Rise; Corporate Profits Fall

Thursday, May 29, 2025

The number of Americans filing new applications for jobless benefits increased more than expected last week and the unemployment rate appeared to have picked up in May ...

Posted by reinheitsgebot at 07:31 PM | 18 COMMENTS | permalink | Comment on This Entry |

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Weekly jobless claims increase 14,000 to 240,000
Continuing claims rise 26,000 to 1.919 million
Corporate profits fall $118.1 billion in first quarter
Economy contracts at 0.2% rate in Q1 by all measures

WINNING!!

#1 | Posted by reinheitsgebot at 2025-05-29 12:35 PM | Reply

Such a pleasure to see genius in action.

#2 | Posted by Zed at 2025-05-29 12:47 PM | Reply

CEO confidence registers sharpest fall-off in a half-century

www.marketwatch.com

The bankruptcy-prone orange turd did that.

#3 | Posted by reinheitsgebot at 2025-05-29 01:01 PM | Reply

It still could be too early before the real long-term damage starts hitting. The downgrade of our credit rating a week or two ago was a long term hint, though

#4 | Posted by hamburglar at 2025-05-29 02:11 PM | Reply | Newsworthy 1

Thanks, Trumpers!

You deserve most of the credit.

#5 | Posted by Corky at 2025-05-29 02:30 PM | Reply

@#1 ... Continuing claims rise 26,000 to 1.919 million ...

An increase in continuing claims usually shows a drop in hiring of entry-level people.

... Weekly jobless claims increase 14,000 to 240,000 ...

And, fwiw, this particular number typically increases going into and through the summer, as US auto plants shut down for retooling. So, going forward thrugh the summer, the information will be in the details.

#6 | Posted by LampLighter at 2025-05-29 04:05 PM | Reply

thesecularjurist.wordpress.com

#7 | Posted by C0RI0LANUS at 2025-05-29 04:08 PM | Reply

It's impossible to consider the hundreds of thousands of Federal employees let go without that impacting the reports.

Executive hobos alongside the elderly and academics will make every bridge the most melted pot in America.

#8 | Posted by redlightrobot at 2025-05-29 10:59 PM | Reply

Are you "functionally unemployed"? Here's what the unemployment rate doesn't show May 27, 2025 / 8:36 AM EDT / CBS News

FTA:

While the unemployment rate remains near a 50-year low, another measure of worker well-being indicates there may be bigger cracks in the labor market.

The low unemployment rate, which stood at 4.2% in April, has signaled to economists and investors alike that the U.S. economy remains relatively healthy. Employers are also continuing to hire despite headwinds like tariffs and plunging consumer confidence.

But another indicator suggests those pieces of government data may be painting an overly rosy picture of the economy, with a recent report from the Ludwig Institute for Shared Economic Prosperity (LISEP) finding the "true rate" of unemployment stood at 24.3% in April, up slightly from 24% in March, while the official Bureau of Labor Statistics rate remained unchanged at 4.2% over the same period.
..
cont.

#9 | Posted by redlightrobot at 2025-05-30 12:26 AM | Reply

@$9 ... But another indicator suggests those pieces of government data may be painting an overly rosy picture of the economy, with a recent report from the Ludwig Institute for Shared Economic Prosperity (LISEP) finding the "true rate" of unemployment stood at 24.3% in April ...

Yeah, that's been cited for years.

The "true rate" of unemployment.

The True Rate of Unemployment (TRU), as defined by LISEP, measures the percentage of the U.S. labor force that is functionally unemployed.
www.lisep.org

... Using data compiled by the federal government's Bureau of Labor Statistics, the True Rate of Unemployment tracks the percentage of the U.S. labor force that does not have a full-time job (35+ hours a week) but wants one, has no job, or does not earn a living wage, conservatively pegged at $25,000 annually before taxes. ...

Yeah, I agree, it's seems to be a measure of those workers who want to do more but are denied that goal.

And that aspect raises so many more questions ...

#10 | Posted by LampLighter at 2025-05-30 12:49 AM | Reply

A sign of things to come...

OCU

#11 | Posted by OCUser at 2025-05-30 02:00 AM | Reply

@#11 ... A sign of things to come... ...

If your comment speaks to the possible underemployment going forward...

Well ....

I do not disagree.

#12 | Posted by LampLighter at 2025-05-30 02:47 AM | Reply

It's times like these that I'm happy to be a freelancer. Been this way for 30 years. Bad economies are often good for those in the precariate. And my clients aren't going out of business.

#13 | Posted by Dbt2 at 2025-05-30 07:24 AM | Reply

... at least not in my productive years.

#14 | Posted by Dbt2 at 2025-05-30 07:25 AM | Reply

It's almost like he bankrupted CASINOS.

CASINOS.

Licenses to print money.

Can't wait to see him blame this on Biden.

#15 | Posted by Nixon at 2025-05-30 08:17 AM | Reply

That stat is only meaningful to the wing dings when a democrat is in office.

#16 | Posted by Nixon at 2025-05-30 08:18 AM | Reply

That's odd.

Now that the tariffs are beginning to hurt employment and companies, people like ScottS and other nutjobs have disappeared.

#17 | Posted by Sycophant at 2025-05-30 10:25 AM | Reply | Newsworthy 1

people like ScottS and other nutjobs have disappeared.

#17 | Posted by Sycophant

Find the nearest big, flat rock and over-turn it.

If what you see runs from the light, you've found them.

#18 | Posted by Zed at 2025-05-30 10:30 AM | Reply