Last week, the number of Americans filing initial applications for unemployment benefits declined by 19,000 to 284,000, the fewest since February 2006.
The Bloomberg Consumer Comfort Index rose 0.1 points to 37.6 in the latest week. Weekly initial jobless claims fell a surprising 19,000 to 284,000. The 4-week average fell 7,000 to 302,000. Continuing claims fell 8,000 to 2.500 million. The PMI Manufacturing Index Flash fell from 57.6 to 56.3 in July. June new home sales fell [...]
Weekly initial jobless claims fell 19k in the week ending July 18 to 284k. This represents a new cyclical low. The four-week moving average, used to smooth out this volatile series, also has fallen to new lows.
Today's comic by Ruben Bolling is Super-Fun-Pak Comix, feat. Vampire Hunter, Zombie Slayer & more! Initial claims for unemployment compensation fall to eight-year low: The Labor Department reported Thursday that seasonally adjusted initial...Show More Summary
By James Picerno: Is it a game-changer? A tipping point? A moment when the economy finally turned a corner for the better in a meaningful way? Possibly. Meantime, one can argue that this is why the stock market has been rallying this year: anticipating better economic news. Show More Summary
Longer-term trends point to labor market improvement.
So much for the idea of 'slack' in the economy, initial jobless claims just plunged 19k week-over-week to 284k (vs 307k expected) - the lowest since Jan 2006 (which was the lowest print since May 2000). This is the biggest beat of expectations in over 2 years. Show More Summary
If there has been one consistently positive data series in the multitude of economic data we are regularly bombarded with, it is jobless claims. In this week's release, economists were forecasting claims to rise by 4K from last week's level of 303K. Show More Summary
Weekly applications for unemployment aid dropped 19,000 to a seasonally adjusted 284,000
We just learned initial jobless claims plunged to 284,000, their lowest level since 2006. Unfortunately, the data really don't tell us that much about the true health of the jobs market. That's because July is traditionally a time when automakers shut down their plants for retooling. Show More Summary
Weekly jobless claims will be released at 8:30 a.m. Expectations are for 307,000, up slightly from 302,000 prior. Continuing claims are expected at 2,510,000 versus 2,507,000.Here's what it's looked like recently: Join the conversation about this story »
Succinct Summations week ending July 18th Positives: 1. The Dow Jones Industrial Average hit a new all-time high. 2. NAHB home builder sentiment rose to 53 vs the 50 expected. 3. Jobless claims hit a nine-week low, down to 302k. 4. NY manufacturing survey rose to 25.6, the highest level since ’10. 5. Jobless claims...Read More
Jobless claims fall to levels unseen since early May.
According to the Department of Labor, the number of Americans filing new unemployment benefit claims last week suddenly dropped. This is particularly good news to signify the labor market recovery. Essentially, initial claims by state dropped 3,000 to a total of 302,000 for the week ending July 12. Show More Summary
The trend in jobless claims continues to be lower. While economists were expecting an already low level of 310K first time claims in today's report, the actual level was 8K lower at 302K. This was the third lowest weekly reading since the recession ended in 2009 and was the lowest reading since early May. Show More Summary
Yet again the fate of the US economy is left to seasonal adjustments... Non-seasonally-adjusted initial jobless claims surged over 47,000 this week to its worst in 6-months. But by the magic of PhD adjustment, this translated into 3,000 seasonally-adjusted drop from last week, beating expectations and printing near 'recovery' cycle lows. Show More Summary
Weekly initial jobless claims are set for release at the bottom of the hour, with economists expecting 310,000 new claims filed last week. Continuing jobless claims are expected to total 2,580,000, down from last week's 2,584,000. Last...Show More Summary
By Cullen Roche: Rail traffic and jobless claims continued to improve in the latest week pointing to positive signs for the economy. These are two of the better macro indicators we see with some regularity so while this obviously doesn’t mean that everything is improving, it certainly doesn’t look to be consistent with broad economic deterioration. Show More Summary