Initial claims for US unemployment insurance benefits fell to their lowest level in nearly 42 years last week in another sign of tightening in the country’s jobs market. New jobless claims, a sign of the pace of layoffs, fell to 255,000 in the week through July 18, down 26,000 from the...
No. of jobless US workers filing for payments drops to lowest since 1973, though July is known for volatility.
Time for a rate hike? Initial jobless claims dropped 26,000 to 255k - its lowest since Nov 1973 While July 4th adjustments may indeed be a factor, it appears things have hardly ever been better - according to this data anyway. Charts: Bloomberg
M. Spencer Green/AP By Lucia Mutikani WASHINGTON -- The number of Americans filing new applications for unemployment benefits last week fell to its lowest level in nearly 42 years, suggesting job growth remained solid despite slowing...Show More Summary
The Department of Labor will release its weekly tally of initial jobless claims at 8:30 a.m. ET. Economists forecast that initial filings for unemployment insurance dipped to 278,000 from 281,000 in the prior period, according to Bloomberg. The...Show More Summary
Initial claims for US unemployment insurance benefits fell last week as the economy adds a solid number of jobs each month, government data released Thursday showed. New jobless claims dropped by 15,000 to 281,000 in the week ending July 11, the Labor Department reported. The decline in claims was...
Categories: Afternoon Coffee Tags: General News US natural gas supplies grew in the last week, the Energy Information Administration reported this morning, which made natural gas futures fall in price 1.4% to $2.878 a million British thermal units on the New York Mercantile Exchange. Show More Summary
Following last week's spike in initial jobless claims, this week saw a modest pull back to 281k (slightly better than the 285k expectations) but hovering at the average for the year, notably confirming that post-QE3 we have seen the improving trend in claims cease. The smoother 4-week average rose to 282k - the highest in almost 3 months. Charts: bloomberg
Alan Diaz/APJob seekers attend a career fair in Miami Lakes, Fla. By Lucia Mutikani WASHINGTON -- The number of Americans filing new applications for unemployment benefits fell more than expected last week, pointing to a solid laborShow More Summary
Official data better than expected, shows first drop in claims in three weeks.
The latest weekly data on initial jobless claims will cross at the bottom of the hour. Economists forecast that claims totaled 285,000 last week, according to Bloomberg. In the prior period, the number of claims filed for jobless benefits rose to 297,000, the highest since the week of February 28. Show More Summary
Jobless claims are a superior indicator for the economy not only because they lead economic growth and correlate so closely with it, but they also get reported much earlier. The high concentration of the US economy is one...
Local unit weakens despite news US jobless claims had surprisingly risen last week.
Chain stores today are reporting mostly stronger rates of year-on-year sales growth in June. Initial weekly jobless claims rose 15,000 to 297,000. The 4-week average rose 4,750 to 279,500. Continuing claims rose 69,000 to 2.334 million. The Bloomberg Consumer Comfort Index fell -0.5 points to 43.5 in the latest week. The Fed’s balance sheet rose $2.2 […]
M. Spencer Green/APJob seekers at a career fair in Chicago. By Elvina Nawaguna WASHINGTON -- New applications for U.S. unemployment insurance benefits rose last week to their highest level since February, suggesting some slowdown inShow More Summary
Today's seasonally adjusted 297K new claims was well above the Investing.com forecast of 275K. The four-week moving average at 279,500 is approximately 12K above the 15-year interim low set in mid-May.
Higher than expected Labor Department print still falls within historically low level.
Initial jobless claims have surged almost 30k in the last 2 weeks and are nearing the Maginot Line of 300k (printing 297k vs 285k exp). This is the worst claims print since mid-Feb and well above the levels that occurred at the end of QE3. Show More Summary
At 8:30 a.m. ET, we'll get the latest weekly tally of initial jobless claims. Economists estimate that claims for unemployment insurance totaled 275,000 last week, down from 281,000 in the previous period, according to Bloomberg. Here's...Show More Summary
Labor Department print higher than expected, but remains historically low.