Very light data week despite all the noise. Succinct Summations for the week ending May 24. Positives: U.S. jobless claims fell 23k to 340k v expectations of 345k. Housing remains a significant tailwind in the U.S. as existing home sales increase 0.6% m/o/m in April to 4.94M units, the highest reading since November 2009. U.S....Read More
Here are today’s statistics on the state of the economy: Initial Jobless claims fell 23,000 to 340,000 last week. The 4-week average held at 339,500. Continuing claims fell 112,000 to 2.192 million. The PMI Manufacturing Index Flash fell a single tick to 51.9 for May. The FHFA House Price Index for March rose 1.3%, which [...]
Here at home, investors were hit with strong housing numbers, and lower-than-expected jobless claims. Unfortunately, poor industrial purchasing numbers, and the fall of the Japanese stock market by 7% last night, sent a wave of fear throughout the U.S. Show More Summary
By Hale Stewart: By New Deal Democrat At 340,000 this week, and Complete Story »
Initial jobless claims have been on a roller-coaster ride of ups and downs, but a Labor Department report released today is positive news for the labor market. After jumping up a revised 10.7% the previous week, initial jobless claims...Show More Summary
High volatility, but perhaps a positive sign.
This week’s calendar is looking a little light as far as scheduled economic indicators which may influence the direction of mortgage interest rates. Thursday, May 9: Initial Jobless Claims Wow…. that was exciting! On Tuesday, the Treasury will begin to sell $27 billion in notes and bonds which may impact mortgage rates as they are [...]
Markets are lower this morning on some panic selling overseas which weighed on stocks here in the US for a second day. This overshadowed some positive economic data with jobless claims lower than expected and new homes sales for April coming in well above expectations.Last night Japan saw a huge 7.3% plunge in the Nikkei. Show More Summary
By James Picerno: So far, so good. Jobless claims dropped last week by 23,000 to a seasonally adjusted 340,000, or near the five-year low of 327,000 for the week through April 27. The fact that new filings for unemployment benefits continue...Show More Summary
Hickey and Walters (Bespoke) submit: Following yesterday's testimony from Fed Chairman Ben Bernanke, if there was a week where investors may have wanted a weaker than expected jobless claims report, it was probably this one. While claims...Show More Summary
Following yesterday's testimony from Fed Chairman Ben Bernanke, if there was a week where investors may have wanted a weaker than expected jobless claims report, it was probably this one. While claims did not come in higher than expected this week, they were only modestly better than expected, so those investors will have to take what they can get. Show More Summary
John Rawlston/Chattanooga Times Free Press WASHINGTON -- The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to resilience in the labor market despite belt-tightening by Washington. Initial...Show More Summary
WASHINGTON -- Initial unemployment claims dropped back to a level indicating moderate job growth last week after a spike the previous week raised alarms about the labor market recovery.
There was more of a decline than economists expected, but the weekly pace hasn't really changed much since late 2011.
Weekly jobless claims data have been released by the U.S. Labor Department's Bureau of Labor Statistics and may offer at least some support for a very weak equity market this morning. Those claims came in at 340,000, versus a Bloomberg and Dow Jones consensus of 345,000 for the week. Show More Summary
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to resilience in the labor market despite belt-tightening by Washington.
Though last week's report on initial unemployment claims was a jolt of unexpectedly bad news, the new figures out this morning point in a more encouraging direction.
Heads up! The economic data is about to get started fast and furious in the United States this morning. We are minutes away from the first of five data points to be released – weekly jobless claims figures, due out at 8:30 AM ET. Economists predict initial claims fell to 345,000 in the week ended May 18 after spiking to 360,000 the week before. Show More Summary
First-time claims for unemployment benefits took an unexpected leap for the week ending May 11, rising to a seasonally adjusted 360,000, the Department of Labor reported. That's 32,000 above the previous week's revised figure of 328,000, originally reported as 323,000. Show More Summary