Following last week's great news on initial unemployment claims, would the encouraging trend continue this week? Actually, yes.
Initial jobless claims are still near multi-decade lows. Last week, the number of initial jobless claims totaled 265,000, fewer than expected and up just slightly from last week's total or 262,000, nearly a 40 year low for the reading. Expectations...Show More Summary
By Tanya Agrawal (Reuters) - U.S. stock index futures were lower on Thursday, following global markets, as the global bond rout continued and ahead of the release of weekly jobless claims numbers. World financial markets were unsettled...Show More Summary
It's very frustrating to read the mainstream articles about the recent unemployment report. For example, the New York Times said "U.S. Jobless Claims Hit 15-year Low." (link) At this point, everyone should be aware of how employment statistics, in particular,...
Succinct Summations week ending May 1st Positives: 1. Initial jobless claims plunged to 262k vs the 290k expected, the lowest reading in 15 years. 2. Pending home sales rose 13.4% y/o/y vs expectations for a 5.1% rise. 3. Consumer spending rose 1.9% in the first quarter, better than expected. 4. The S&P/Case-Shiller index increased 5%...Read More
Today's comic by Ruben Bolling is Doonesbury's Charlie Hebdo problem: 70 years ago today, Adolf Hitler offed himself: Asshole 1%ers weigh in on Baltimore. These Daily Kos community posts were the most shared on Facebook April 29: NYTimes:...Show More Summary
Initial unemployment claims plunged to 262,000 today bettering the Bloomberg Consensus. The Fed is ready now to pull the trigger at anytime and today's jobless claims data may have their finger a little itchy. Initial claims, not skewed...Show More Summary
Labor Department print shows weekly claims plunge to 262,000.
Drop in unemployment claims and rise in consumer spending show the US economy is regaining momentum. ||| Washington - The number of Americans filing new claims for jobless benefits tumbled to a 15-year low last week and consumer spending...Show More Summary
Labor Department print shows lowest level of weekly claims since April 2000.
Because what really matters is not spending or incomes for the average American (which both missed dismally), the market appears convinced that the 2nd lowest jobless claims print in history is what matters and the "rate hike is coming" trade is on. Show More Summary
The Labor Department reported that just 262,000 people filed for unemployment, the least since April 2000
Initial jobless claims have been worse than expected for the last 2 weeks but remained below the magical 300k level, so it was only appropriate that this week all the great economic news of late - record plunge in US macro disappointments and a dismal 0.2% GDP print - would be met with the lowest claims print in 15 years. Show More Summary
With initial unemployment claims stubbornly high for a while, many wondered when we'd see real progress again. Thankfully, the good news arrived this morning.
Initial jobless claims will be crossing the wires at 8:30 AM on Thursday. Analysts are expecting claims to fall to 290,000, slightly down from 295,00 a week ago. Last week, the 4-week average of initial claims was near a post-crisis low at 284,500. Show More Summary
Alamy By Lucia Mutikani WASHINGTON -- The number of Americans filing new claims for jobless benefits rose last week for a third straight week, but the underlying trend continued to point to solid improvement in the labor market. Although...Show More Summary
Labor Department print slightly above expectations but still consistent with economic recovery.
Initial unemployment claims were expected to improve a bit after last week's disappointing report, but that's not quite what happened.
The weekly report on initial jobless claims is set for release at 8:30 am ET. Expectations are for the report to show that claims totaled 287,000 last week, down slightly from the prior week's 294,000. The 4-week average of initial claims...Show More Summary
Walmart closed five stores at the same time on Monday, making headlines again this week. Walmart claims the stores will close temporarily, each for the exact amount of six months, while plumbing issues are addressed and repaired. Why,...Show More Summary