In the latest week, even as 10,000 more Americans applied, the pace of layoffs remains near historic lows
The Labor Department says weekly applications rose 10,000 to a seasonally adjusted 272,000. The four-week average, a less volatile figure, declined 1,250 to 272,000.
With the Services economy now joining the manufacturing sector in recession - with both employment components collapsing - one may be surprised to see initial jobless claims hovering back near 42-year lows... Notice what happend in Q1 2015... Show More Summary
Initial jobless claims totaled 272,000 last week. Economists had estimated that 270,000 first-time claims for unemployment insurance were filed, according to Bloomberg. Claims totaled 262,000 in the prior period, which was the lowest...Show More Summary
The Conference Board’s index of leading indicators fell -0.2% in January. The Philadelphia Fed Business Outlook Survey remained negative in February, coming in at -2.8. Initial weekly jobless claims fell 7,000 to 262,000. The 4-week average fell 8,000 to 273,250. Continuing claims rose 30,000 to 2.273 million. The Bloomberg Consumer Comfort Index fell -0.2 points to 44.3 […]
2015 was not a good year for job creation in Alberta. In fact, the net 19,600 jobs the province shed marked the worst year for job losses since 1982. Alberta is of course suffering from the dramatic collapse in oil prices, which look...Show More Summary
Initial jobless claims totaled 262,000 last week, easily destroying analysts expectations of 275,000. Jobless claims were also down from the prior week when they reached 269,000. Beating expectations is a good sign that the labor market is maintaining its strength, despite economic uncertainty on a global scale. Show More Summary
After a dismal start to the year, pushing initial jobless claims to six-month highs, it appears 'everything is awesome' again as despite surging layoffs (Challenger, Grey and headline after headline in the press), initial claims tumbled to 262k this week - just above the 43 year lows of last fall. Show More Summary
While jobless claims look rosy, Philly Fed's employment index plunged by the most since May 2013 as the headline survey extended its period of sub-50 contraction to six straight months - the longest streak outside of a recesssion in history. Show More Summary
Both the latest weekly figure and the four-week average fell, firming up the evidence for a healthy job market
Number of workers filing for benefits falls to 262,000, Labor Department says.
The latest report on weekly initial jobless claims is set for release at the bottom of the hour. Expectations are that initial claims for unemployment insurance will total 275,000 last week, up slightly from the prior week's 269,000Show More Summary
Initial weekly jobless claims fell 16,000 to 269,000. The 4-week average fell 3,500 to 281,250. Continuing claims fell 21,000 to 2.249 million. The Bloomberg Consumer Comfort Index rose 0.3 points to 44.5 in the latest week. The Fed’s balance sheet rose $2.8 billion last week, with total assets of $4.486 trillion. Reserve bank credit rose […]
Today's Water Cooler: TTiP typos, Democratic debate, Sanders fundraising, black voters, Buiter recession call, jobless claims, gravity waves
Figures indicate job market resilience in the face of overseas economic turmoil.
Initial jobless claims dropped notably last week (from 285 to 269k) but the overall trend (away from the noise) appears in tact. The smoother4-week average remains near 12-month highs and as Goldman notes weakness is widespread - "there...Show More Summary
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell more than expected last week, suggesting the labor market remained on solid footing despite slowing economic growth and a stock market rout. Initial claims for state unemployment benefits declined 16,000 to a seasonally adjusted 269,000 for the week ended Feb. Show More Summary
The latest weekly data on initial jobless claims are set for release at 8:30 a.m. ET. Economists estimate that there were 280,000 first-time filings for unemployment insurance last week, down 5,000 from the prior period, according to...Show More Summary
Americans should feel good about economy as unemployment falls to eight-year low, President says.
Number of claims rises again, though broader trend suggests steady employment expansion.