After some weak economic data to start the month, investors got some better than expected data on Thursday with a better than expected jobless claims report. While economists were forecasting a slight increase to 297K from last week's...Show More Summary
More to come... Join the conversation about this story »
By Cullen Roche: Just a quick update here on some of the near real-time economic indicators I track. Rail traffic and jobless claims are among the better macro indicators we see with some regularity. They’re obviously not a perfect reflection...Show More Summary
$$$ Facebook to win EU approval for $19 billion WhatsApp bid: sources [Reuters] $$$ Jobless Claims in U.S. Climbed Less Than Forecast Last Week [Bloomberg] $$$ Wall Street Still Needs a Leader on Reform [Dealbook] $$$ What the Indictment...Show More Summary
Today's comic by Ruben Bolling is Unemployment isn't a bug -- it's a feature: Initial applications for unemployment compensation below 300,000 for second week in a row: For the week ending Sept. 20, seasonally adjusted initial claims for unemployment compensation were 293,000, up 12,000 from the previous week's revised level of 281,000. Show More Summary
The total number of people receiving benefits ticked up by 7,000 to 2.4 million
After last week's tumble to 280k, initial jobless claims rose modestly this week to 293k (slightly better than expected) but remain near a dovish-Yellen-crushing 14-year low. Continuing claims also remain at cycle lows around 2.4 million (rising modestly - by 7k - this week). Show More Summary
The recent run of economic data has been highlighting the growth divergence in the U.S., Europe and China. Readings out of the U.S. have consistently been showing steadily improving growth momentum.
Initial jobless claims rose to 293,000. Expectations were for claims to rise to 296,000, up from 280,000 last week. Last week's report was the lowest reading in 14 years when excluding the week of automaker shutdowns in July. Last week's report was also revised up slightly, to 281,000 from 280,000. Show More Summary
After a much better than expected jobless claims report last week, claims were forecasted to give back some of those declines this week. With claims coming in at a level of 293K, they did rise but not by as much as was expected (296K). Show More Summary
Succinct Summations week ending September 19th Positives: 1. S&P 500 and the Dow made new all-time highs. 2. Initial jobless claims fell 36k last week to 280k, the lowest number in 7 years. 3. NAHB housing market index came in at 59, up from 55 in August and the highest reading since 2005. 4....Read More
Housing starts for August fell a disappointing 14.4% to an annualized 0.956 million units, but this comes off a very strong July reading. Initial weekly jobless claims fell 36,000 to 280,000. The 4-week average fell 4,750 to 299,500. Continuing claims fell 63,000 to 2.429 million. The Bloomberg Consumer Comfort Index rose 0.7 points to 37.2 in […]
The number of Americans filing new claims for unemployment benefits fell by more than expected last week, suggesting that a sharp slowdown in reported job growth during the prior month has not derailed the strong trend in employment growth in the U.S. Show More Summary
The Dow and S&P 500 hit new all-time highs on Thursday, as housing data came in worse than expected while initial jobless claims data beat expectations. First, the scoreboard: Dow: 17,269.05, +112, (+0.6%) S&P 500: 2,011.32, +9.7, (+0.5%) Nasdaq: 4,591.25, +29, (+0.6%) And now, the top stories on Thursday: 1. Show More Summary
NEW YORK — The U.S. stock market headed up in early Thursday trading as investors received more encouraging news on the economy. The slight gains come a day after the Federal Reserve signaled that it's in no rush to raise interest rates.
Initial jobless benefits claims plunged to near a 14-year low last week while the number of people receiving unemployment checks fell to the lowest since before the Great Recession, the Labor Department said Thursday.
After a relatively disappointing weekly jobless claims last week, claims improved dramatically this week falling to their second lowest level in over a decade. While economists were forecasting claims to come in at a level of 305K, the actual reading was 280K, representing a decline of 36K from last week's level of 316K. Show More Summary
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell more than expected last week, suggesting that a sharp slowdown in job growth last month was probably an aberration. Initial claims for state unemployment benefits dropped 36,000 to a seasonally adjusted 280,000 for the week ended Sept. Show More Summary