Mike Rowe has rejected the premise that he is engaging in right-wing propaganda by “harping on” the importance of a work ethic and falsely claiming that many jobless individuals actually want to work. According to Mike Rowe in a response...Show More Summary
The headline, fictional, seasonally adjusted (SA) number of initial unemployment claims for last week came in at 276,000. The Wall Street economist crowd consensus guess was 280,000. Rather than play the expectations game on the seasonally manipulated headline number, we focus on the actual trend based on the actual data. Actual claims were 230,055, which is another record low…
After 2 weeks of increassing (though near cycle low) jobless claims, last week saw a modest drop from a revised 284k to 276k. Texas saw initial claims jump to the highest in 5 weeks - stable at new normal higher-than-before the oil price crash. Show More Summary
Labor Department print beats expectations, continue to indicate firming jobs market.
The number of Americans filing new claims for unemployment benefits fell slightly more than expected last week, pointing to labor market resilience despite moderate economic growth. Initial claims for state unemployment benefits dropped 8,000 to a seasonally adjusted 276,000 for the week ended May 30, the Labor Department said on Thursday. Show More Summary
Those hoping to see the month of May end on a positive note with regards to initial unemployment claims got their wish.
Dan Henry/Chattanooga Times Free Press via AP By Lucia Mutikani WASHINGTON -- The number of Americans filing new claims for unemployment benefits fell slightly more than expected last week, pointing to labor market resilience despite...Show More Summary
We'll get the latest tally of initial jobless claims at 8:30 a.m. ET. Economists forecast that the count fell to 278,000 last week from 282,000 in the prior period, according to Bloomberg. This could be the 13th straight week that initial...Show More Summary
Jobless claims fall by 2.7 per cent in the month, as data signals ongoing economic improvement.
The headline, fictional, seasonally adjusted (SA) number of initial unemployment claims for last week came in at 282,000 on Thursday. The Wall Street economist crowd consensus guess was 274,000. We’re not interested in the expectations game. Instead, we focus on the actual trend. Actual claims were 251,435, which is another record low for the week. The actual weekly…
Chinese stocks suffered their worst one-day drop in months overnight, weekly jobless claims rose more than expected, and US stocks fell for the second time this week. First, the scoreboard: Dow: 18,126.12, -36.87, (-0.20%) S&P 500: 2,120.79,...Show More Summary
Getty By Lucia Mutikani The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, but remained at levels consistent with a strengthening labor market. Initial claims for state unemployment benefits...Show More Summary
Today's comic by Ruben Bolling is Introducing Louis 'Flash' Maltby: Initial claims for unemployment compensation remain low: Initial jobless claims were 282,000 for the week ending May 23, up 7,000 form the previous week. They remain at historic lows as does the less volatile four-week average, which rose 5,000 to 271,500. Show More Summary
With the biggest miss to expectations in 6 weeks, initial jobless claims rose to 282k (against 270k exp). For context this means jobless claims have gone nowhere since the end of QE3. It appears it is time to double-seasonally-adjust this data to confirm the everything is awesome meme. Show More Summary
Labor Department data still in line with healthy employment market.
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, but remained at levels consistent with a strengthening labor market. Initial claims for state unemployment benefits rose 7,000 to a seasonally adjusted 282,000 for the week ended May 23, the Labor Department said on Thursday. Show More Summary
It's never good news when initial unemployment claims go up, especially a few weeks in a row, but no one is sweating numbers like these.
Initial jobless claims rose slightly last week to 282,000. Expectations were for the report to show claims totaled 270,000 last week, down from the prior week's 274,000. Last week's number sent the 4-week moving average of claims to its lowest level in 15 years. More to come... Show More Summary
Labor Department print still consistent with longer trend of strong payrolls growth.
Initial claims rose very modestly this week but the smoother 4-week average hit fresh cycle lows at 271k - just shy of the lowest level since 1973. Continuing claims also fell to new cycle lows at their lowest since 2000. It appears, as we have noted previously, that peak job-related cost-cutting has been achieved. Show More Summary