WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits rose less than expected last week, pointing to some underlying strength in the labor market.
Analysts say the latest data are a sign that job growth might be better than expected this month. Claims are running at roughly the same pace they set before the last recession.
At 8:30 p.m. ET, the Department of Labor will release its latest tally of initial unemployment insurance claims. Economists believe the claims climbed to 322,000 from 315,000 a week ago. "Initial claims probably rose after what we posit was a winter- weather induced decline in the previous week," said Citi's Peter D'Antonio. Show More Summary
By Dean Popplewell: By Alfonso Esparza This was a net negative week for the US dollar. After posting strong unemployment numbers on Friday the USD was hit by a combination of strong European releases and weak numbers blamed on the harsh winter weather. Show More Summary
Succinct Summations week ending March 14, 2014 Positives: 1. Initial jobless claims fell to 315k, 6th lowest claim in ~7 years. 2. Despite all the noise, the S&P 500 is 2% off ALL-TIME HIGHS. 3. Gold is at its highest level since September, perhaps a sign of inflation pressures. 4. Retail sales ex-auto & gas...Read More
Hickey and Walters (Bespoke) submit: Equities opened higher Thursday morning after retail sales and jobless claims came in better than expected, but the action turned into a bloodbath for stocks by the close. Even after five sluggish days for the broad market, though, the S&P 500 remains slightly above its 50-day moving average. Show More Summary
The Bloomberg Consumer Comfort Index rose 0.9 points to -27.6 in the latest week, the highest since last August. Initial jobless claims fell 9,000 to 315,000. The 4-week average fell 6,000 to 330,500. Continuing claims fell 48,000 to 2.855 million. The Fed’s balance sheet rose $9.6 billion last week, with total assets of $4.181 trillion. [...]
Markets opened higher this morning after retail sales and jobless claims came in better than expected, but the action turned into a bloodbath for stocks by the close. Even after five rough days for the broad market, though, the S&P 500 remains slightly above its 50-day moving average. Show More Summary
Less people are looking for unemployment insurance.
Hickey and Walters (Bespoke) submit: Jobless claims came in better than expected again this week, falling by 9K. While economists were expecting a level of 330K, the actual reading came in 15K better at 315K. This marks the lowest reading for weekly claims Complete Story »
Retail sales figures climb and jobless claims fall, but the major indexes still head south.
By James Picerno: Retail spending revived last month and new filings for unemployment benefits declined last week, according to this morning’s reports from the government. In both cases the changes beat expectations with surprisingly upbeat data. Show More Summary
Wall Street stocks opened higher following solid reports on US retail sales and jobless claims. ||| New York - Wall Street stocks Thursday opened higher following solid reports on US retail sales and jobless claims. Six minutes into trade, the Dow Jones Industrial Average rose 55.10 (0.34 percent) to 16,395.18. Show More Summary
Jobless claims came in better than expected again this week, falling by 9K. While economists were expecting a level of 330K, the actual reading came in 15K better at 315K. This marks the lowest reading for weekly claims since late November. With this week's decline the four-week moving average fell to 330.5K. Show More Summary
Stock futures moved toward a higher open on Thursday. Before the bell Dow (INDEXDJX:.DJI) futures were up by 0.15% at 16 350. Futures on the S&P 500 (INDEXSP:.INX) rose 0.21% to 1 871.60 Nasdaq (INDEXNASDAQ:.IXIC) futures ticked higher by 0.27% to 3 717.25. Show More Summary
WASHINGTON (Reuters) - U.S. retail sales rebounded in February and new applications for unemployment benefits hit a fresh three-month low last week, suggesting some strength in the economy after harsh weather abruptly slowed activity in recent months.
WASHINGTON -- Initial jobless claims unexpectedly fell last week to 315,000, the lowest level since November, as the labor market showed signs of emerging from a winter chill.
On the heels of last week's surprise beat in jobless claims (amid all the weather turmoil), this week's initial claims beat by the most since November. Down 9,000 to 315,000, this is the best (lowest) claims data in over three-and-a-half...Show More Summary
There were 315,000 new applications for unemployment insurance filed last week, down 9,000 from the week before. It's the latest sign that the labor market is gaining some strength.
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits unexpectedly fell and hit a fresh three-month low last week, suggesting a strengthening in labor market conditions.