``In modern times we've really not had a US blowout in long term unemployment as we did in this recession. We've thus got a much larger group than normal of people who have exhausted their unemployment benefits and are, in the way we measure these things, not counting them as unemployed. Show More Summary
Today's Water Cooler: Bloomberg endorses Clinton/Bush, Cruz's SuperPACs, jobless claims, "Workplace Watch," Scott shooting, Acela snooping
When it comes to Initial Jobless Claims, labor is a leading - not a lagging - indicator. All business investment decisions, from capital to labor, are responses to business expectations of economic growth. So while hiring and firing certainly lag business...
Michael Nagle/Bloomberg via Getty Images By Lucia Mutikani WASHINGTON -- The number of Americans filing new claims for jobless benefits rose less than expected last week and the four-week moving average of claims hit its lowest level...Show More Summary
Latest data likely impacted by Easter holiday, spring breaks.
Initial jobless claims jumped last week from a 15-year-low amid renewed concerns about job growth, but remained below the 300,000 level that indicates a healthy labor market
After the discouraging jobs report last week, many hoped to see some more encouraging news this morning. That's not quite what happened.
The weekly report on initial jobless claims is set for release at 8:30 am ET. Expectations are for claims to total 283,000, up from last week's 268,000 print, which was the lowest since January and one of the lowest weekly claims numbers since the financial crisis. Show More Summary
By Tanya Agrawal (Reuters) - U.S. stock index futures were little changed on Thursday ahead of job market and trade data, which might dictate the market's next move as earnings season slowly kicks off. Data expected at 8:30 a.m. EDT includes weekly initial jobless claims, anticipated by investors for a pulse on the labor market's health. Show More Summary
A 56-year-old jobless alcoholic man, who claims to have at least 40 children with 20 women, costing the U.K. taxpayers $6.7 million in child care and claims, says he wants to have many more children because the Bible says God wants humans to "go forth and multiply."
Succinct Summations week ending April 3rd Positives: 1. Initial jobless claims fell to 268k, the lowest level in 15 years. 2. Euro-area economic sentiment rose to 103.9, the highest level in nearly four years. 3. Pending homes sales increased 3.1%, the highest reading since June 2013 and above the 0.3% expected rise. 4. Personal income...Read More
Today's comic by Ruben Bolling is Lo, in the land of Indiana...: Rich nations urged to cut temperature targets: The official target of limiting global warming to a 2 degrees C rise has been described by a senior scientist as “utterly...Show More Summary
Today's Water Cooler: ISDS suits, Sanders, O'Malley, Warrenites getting feistier, SEC and dark money, jobless claims fall, gutting Medicare
A better-than-expected reading on first-time jobless claims is denting demand for haven investments, sending gold prices below the $1,200 mark in trading Thursday. Gold for June delivery fell $9.50, or 0.8% to $1,198.70 per ounce in recent trading on the Comex division of the New York Mercantile Exchange. Gold prices jumped 2.1% on Wednesday to [...]
Wall Street applauds an unexpected decline in weekly jobless claims a day before a monthly report is released
Initial jobless claims unexpectedly fell sharply last week to near their post-Great Recession low in a sign that the labor market remains healthy.
Some 20,000 fewer people filed for unemployment last week, bringing the period's total to just 268,000
It's been a while since we saw a great report from the Labor Department on initial unemployment claims. This one qualifies.
Print approaches best level in 16 years, surprising expectations.
The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting the labor market continues to expand at a solid clip even as economic growth has stalled. Initial claims for state unemployment...Show More Summary