WASHINGTON (Reuters) - The U.S. trade deficit widened more than expected in September as imports rose to their highest level in almost a year, which could probably see third-quarter growth estimates trimmed.
Wall Street is heading for another day of gains as investors expect the incoming Federal Reserve head to continue monetary stimulus. Investors are also encouraged by the much lower figure for jobless claims. After reaching record highs...Show More Summary
A top Homeland Security Department official testifying before Congress stated that HealthCare.gov has been subject to approximately 16 cyberattacks and one unsuccessful "denial of service" attack. This was the first time an administration official publicly acknowledged that there have been any cyberattacks on the Obamacare website. Show More Summary
Janet Yellen, President Obama's nominee to head the Federal Reserve, has her confirmation hearing Thursday. Before she spoke, there was word that the number of first-time claims filed for jobless benefits fell only slightly last wee...
Following the end of the plague of system glitches last week, the Labor Department admits that 5 states estimated levels this week. The initial jobless claims print remains near 4 month-highs (adjusted to for the prior glitch unreality). Show More Summary
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell last week, but an upward revision to the prior week's figure suggested the labor market recovery remained gradual.
At 8:30 a.m. ET, the Department of Labor will publish its latest tally of initial unemployment claims. Economists estimate that claims fell to 330,000 from 336,000 a week ago. "Initial jobless claims likely rose during the second week of November, but our projection may be toward the high side of consensus," said Citi's Peter D'Antonio. Show More Summary
In light of Washington’s partial shutdown in the first half of October and higher initial jobless claims over the last several weeks, there has been a worry that U.S. employment growth might stall out.
For the week ending Nov. 2, the Department of Labor reported Thursday, seasonally adjusted initial claims for unemployment compensation were 336,000, down 9,000 from the previous week's revised figure of 345,000. For the comparable week of 2012, initial claims were 363,000. Show More Summary
By Sold At The Top: Today's jobless claims report showed a decline for initial unemployment claims and a slight increase to continued unemployment claims, as seasonally adjusted initial claims continued to trend below the closely watched 400K level. Seasonally adjusted initial unemployment claims declined by 9,000 to 336,000, from Complete Story »
Latest numbers on initial jobless claims are in line with analyst expectations.
Hickey and Walters (Bespoke) submit: While today's report of initial jobless claims was slightly higher than expected (336K vs 335K), the slim margin of just 1K makes things pretty much a wash. Even though the report was inline with expectations, it is nice to see the trend resume its downward course from the spike seen following the Complete Story »
While today's report of initial jobless claims was slightly higher than expected (336K vs 335K), the slim margin of just 1K makes things pretty much a wash. Even though the report was inline with expectations, it is nice to see the trend...Show More Summary
By Doug Short: The Unemployment Insurance Weekly Claims Report was released this morning for last week. The 336,000 new claims number was a 9,000 decline from the previous week's 345,000 (an upward revision from 340,000). The less volatile...Show More Summary
Initial jobless claims at 336,000, higher than the late-summer average.
WASHINGTON -- Initial jobless claims dropped for the fourth straight week after spiking because of the partial federal government shutdown, the Labor Department said Thursday.
Assuming the last few weeks were useless garbage data and based on the fact that the government claims no states "estimated" data this week, the 5th weekly miss in a row for jobless claims (albeit very minor) has the level reverted to mid-August levels. Notably, extended and emergency benefits rose 65,000 to 1.37 million people.
In addition to the Q3 GDP report, this morning at 8:3o a.m. we'll get weekly jobless claims figures. Economists expect initial claims dropped to 335,000 in the week ended November 2, down from 340,000 the week before. Continuing claims from the week ended October 26 are expected to drop down to 2.875 million from 2.881 million in the week prior. Show More Summary
Government data in the U.S. showed that the pace of business activity in the U.S. Midwest jumped in October, exceeding expectations and U.S. jobless claims declined somewhat last week. Other real world facts regarding the very poor state of the U.S. Show More Summary
Initial jobless claims fell 10,000 last week, to 340,000. The 4-week moving average rose 8,000 to 356,250. Continuing claims rose 31,000 to 2.881 million. The Chicago PMI accelerated sharply in October to 65.9 from the previous month’s 55.7. The Bloomberg Consumer Comfort Index fell -1.5 points to -37.6. Farm prices rose 0.5% in October, but [...]