New claims for US unemployment insurance benefits fell last week, sticking to a downward trend as the labor market strengthens. Initial jobless claims, a sign of the pace of layoffs, totaled 289,000 in the week ending December 13, down by 6,000 from the previous week, according to government...
WASHINGTON, Dec 18 (Reuters) - The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting the labor market continued to strengthen. Initial claims for state unemployment benefits dropped by 6,000 to a seasonally adjusted 289,000 for the week ended Dec. Show More Summary
We are sure this data is entirely dependable but when continuing jobless claims spike over 6% last week and collapse almost 6% this week - and the labor department says there is nothing unusual - we hold our hands up and laugh. Continuing claims printed 2.37mm (beating expectations) and initial claims dropped 6k to 289k (beating expectations). Show More Summary
By M.D. Kittle, Wisconsin Reporter The state Department of Workforce Development over the past few years has paid out $86.3 million in unemployment benefits to people bilking the system, according to an audit released Tuesday.
Today's release of jobless claims for the latest week came in modestly better than expected dropping to the lowest level since Halloween. While economists were expecting claims to come in at a level of 295K (unchanged from last week),...Show More Summary
At 8:30 a.m. ET, we'll get the latest weekly tally of initial unemployment insurance claims. Economists estimate the weekly jobless claims climbed to 295,000 from 294,000 a week ago. "The four-week moving average of initial claims has...Show More Summary
While we are sure this will be quietly revised away through the magic of the labor department's statistical shenanigans (even though they note no "unusual" factors, this week saw the biggest WoW rise in continuing jobless claims since Nov 2008. Show More Summary
After five straight weeks of higher than expected jobless claims, this week we saw the first lower than expected reading since the first week of November. While economists were expecting first time claims to come in at 297K, the actual reading managed to come in slightly below at 294K. Show More Summary
Labor Department says weekly applications fell 3,000; over the past 12 months, the four-week average has plunged 10 percent
At 8:30 a.m. ET, we'll get the latest weekly tally of initial unemployment insurance claims. Economists estimate the level of claims were flat at 297,000. Click Here For Live Updates » Join the conversation about this story »
A storm that dumped as much as 7 feet of snow in parts of western New York didn't appear to affect the high number of jobless claims filed that week.
Initial jobless claims fell back below 300,000 last week as companies sharply reduced planned layoffs in November in a positive sign for the labor market ahead of the monthly jobs report.
Fewer claims for jobless aid have been matched by greater hiring as the unemployment rate has declined to 5.8 percent
After last week's jerk higher (now revised even higher to 314k), this week saw a modest 17k drop to 297k (magically back below the 300k Maginot Line) but still missed expectations. Obviously, initial claims still linger near 14 year lows but the smoother 4 week average rose around 5k to 299k. Show More Summary
Jobless claims for the latest week came in slightly higher than expected, but still managed to get back into the sub 300K range after last week's jump higher. While economists expected first time claims to drop down to 295K, the actual...Show More Summary
The weekly report on initial jobless claims is set for release at the bottom of the hour. Expectations are for claims to total 295,000, down from last week's 313,000. Last week's report missed expectations, and also showed the four-week...Show More Summary
The MBA reports that mortgage applications fell -4.3% last week, with purchases down -10.0% and refis down -4.0%. Initial weekly jobless claims rose 21,000 to 313,000. The 4-week average rose 6,250 to 294,000X. Continuing claims fell 17,000 to 2.316 million. October durable goods orders rose 0.4%, almost entirely on a 45.3% increase in defense aircraft orders, without which, […]