The four-week average fell to a 15-year low last month; level is consistent with solid job growth
Claims for unemployment benefits lift slightly, but remain in line with improving market trend.
It is officially the last day of summer. [sigh] Here are some of the economic indicators scheduled to be released this week: Monday, Sept 21: Existing Home Sales Thursday, Sept 24: Initial Jobless Claims and Durable Goods Orders Friday, Sept 25: Gross Domestic Product (GDP); GDP Chain Deflator; Consumer Sentiment Index and New Home Sales […]
New claims for US unemployment insurance benefits tumbled last week, continuing to point to a tightening labor market as the Federal Reserve mulls an interest rate hike, government data released Thursday showed. Initial jobless claims dropped by 11,000 to 264,000 in the week ending September 12,...
Initial jobless claims fell 11k (on an adjusted basis) to 264k last week - hovering near its lowest level since 1973 as firms hoard labor leaving The Fed stuck between an "everything looks awesome" rock and a "well we have to admit all these indicators are bullshit" hard place... Show More Summary
At 264,000 last week they're at a level last seen in July, when they hit a 41-year low
Labor Department data shows greater fall in new claims than expected.
WASHINGTON (Reuters) - The number of Americans filing new applications for unemployment benefits fell last week to the lowest level in eight weeks, suggesting the labor market continued to strengthen despite the recent tightening in financial market conditions. Show More Summary
The latest data on initial jobless claims are due at the bottom of the hour. Economists estimate that first-time claims for unemployment insurance totaled 275,000 last week, unchanged from the prior period. The trend in claims continues to be strong, and we've now had about six months with initial jobless claims below the key 300,000 level. Show More Summary
Succinct Summations for the week ending September 11th Positives: 1. U.S. job openings increased by 430k to 5.8 million, above the 5.3 million expected. 2. Weekly jobless claims came in at 275k, below the previous reading of 281k. 3.Fed’s Labor Market Conditions Index of 19 monthly indicators rose 2.1 pts in August, the best monthly...Read More
Labor Department data shows drop in line with expectations, signals broad labour market health.
The latest weekly tally of initial jobless claims will be released at 8:30 a.m. ET. Economists estimate that initial claims for unemployment insurance totaled 275,000 last week. In the prior week, claims came in at 282,000, while the...Show More Summary
Initial jobless claims have risen for 5 of the last 6 weeks with the last week showing a 12k rise to 282k. This is the biggest weekly rise in 2 months and raises the claims print overall to 2-month highs. Perhaps most remarkable is that initial jobless claims are now back up to unchanged since the end of QE3. Charts: Bloomberg
The less volatile four-week average is down more than 9 percent in the past year as layoffs stay muted
Labor Department print shows rise greater than expected but consistent with steady job creation.
Initial jobless claims will be out on Thursday at 8:30 AM. Economists are expecting claims to rise to 275,000, up from the previous week's 271,000. "The 4-week average was 272,500, still close to the lowest level in several decades,"...Show More Summary
Earlier this month, the four-week average stood at 266,000, the lowest since April 15, 2000
WASHINGTON, Aug 27 (Reuters) - The number of Americans filing new applications for unemployment benefits fell more than expected last week, pointing to a steadily firming labor market. Initial claims for state unemployment benefits slipped 6,000 to a seasonally adjusted 271,000 for the week ended Aug. Show More Summary
After four weeks of rising - the longest streak since Feb 2009 - initial claims dropped very modestly to 271k this week. This means initial jobless claims has gone nowhere since January 23rd. Charts: Bloomberg
Latest print shows greater fall than expected, suggests US labour market remains healthy.