Initial jobless claims remained steady last week at just under 300,000, indicating a strong labor market after a late February increase raised concerns that conditions were weakening.
After some 'stability' in the last few weeks, initial jobless claims in the major shale states has started to rise again with Texas the most impacted for now. Overall initial jobless claims rose very modestly to 291k, but leaves the 4-week average above 300k for the 2nd week in a row - the first time in over 6 months. Show More Summary
The number of Americans filing new claims for unemployment benefits rose only modestly last week, indicating the labor market remained on solid footing despite slowing economic growth. Initial claims for state unemployment benefits increased 1,000 to a seasonally adjusted 292,000 for the week ended March 14, the Labor Department said on Thursday. Show More Summary
There's nothing especially wrong with initial unemployment claims leveling off, so long as the plateau is below the key thresholds.
At 8:30 a.m. ET, we'll get the latest weekly tally of initial unemployment insurance claims. Economists estimate the weekly jobless claims climbed to 293,000 from 289,000 a week ago. "Claims returned below 300k in the first week of March and continue to point to solid improvement in labor market performance," Nomura said. Show More Summary
Succinct Summations for the week ending March 13th: Positives: 1. Initial jobless claims fell to 289k vs estimates of 305k. 2. CPI in China rose 1.4% y/o/y, higher than expected. 3. NFIB small business optimism index came in at 98. 4. MBA purchase applications rose 1.9%. 5. Import prices fell 9.4% y/o/y, a win for...Read More
Initial weekly jobless claims fell 36,000 to 289,000. The 4-week average 3,750 to 302,250. Continuing claims rose 13,000 to 2.417 million. Falling auto sales drove overall retail sales down -0.6% in February. Sales less autos fell -0.1%, and sales less autos and gas fell -0.2%. Export prices fell -0.1% in February, while import prices rose 0.4%. […]
Intel slashes guidance, retail sales worst since Lehman, Biz inventories to sales worst since Lehman, GDP expectations have collapsed, leading indicator Lumber plunged, and Jobless Claims holding above 300k on average... but the dip below the 100-day moving average was all that was needed... Show More Summary
New claims for US unemployment insurance fell last week after two weeks of gains amid severe winter weather, Labor Department data showed Thursday. Initial jobless claims fell 11 percent to 289,000 in the week ending March 7. The previous week’s level was revised up by 5,000 to 325,000....
Data surprises expectations, indicates ongoing strengthening in labour market.
Drop nearly reversed last month's large increase, which likely occurred because of cold weather and snowstorms
Despite a 36k drop week-over-week, the less noisy four-week average initial jobless claims remains above 300k for the 2nd week in a row - something we have not seen since in 6 months. At 289k, initial claims beat expectations of 304k but continuing claims printed higher than expected at 2.418 million. Show More Summary
When unemployment claims reached 10-month highs in February, the hope was this was a temporary blip caused by unexpected winter storms in much of the country.
The labor market continues to send encouraging signals. Initial jobless claims fell to 289,000 from 325,000 a week ago. This was lower than the 305,000 expected by economists. This brought the four-week moving average down to 304,750. Continuing...Show More Summary
Did initial jobless claims just flash the biggest 2007 deja-vu warning yet? Then... Now... It's different this time of course since fewer jobs must mean moar buybacks... which is entirely sustainable. h/t Brad Wishak at NewEdge
New claims for unemployment benefits hold above 300,000 level for second straight week.
Michael Nagle/Bloomberg via Getty ImagesStudents wait to speak with representatives at the Cisco Systems booth during a career fair at the New York University last month. By Lucia Mutikani WASHINGTON -- The number of Americans filing...Show More Summary
Initial jobless claims unexpectedly jumped to a nine-month high last week, an indication that severe winter weather could be putting a temporary freeze on the labor market's recovery.
Following this morning's dire Challenger Job Cuts data, it appears the hard reality that lower oil prices are not unambiguously good for America is setting in. Initial Jobless Claims surged last week (after a big jump the week before) to 320k (far worse than the 295k expectation) to the highest since May 2014. Show More Summary
With new monthly job numbers just a day away, the latest news on initial unemployment claims isn't what we were hoping to see.