Labor Department data shows smaller than expected rise in claims.
Sometimes, when it comes to the economy, boring news is good news.
The weekly report on initial jobless claims is set for release at 8:30 am ET. Expectations are for the report to show claims totaled 273,000 this week, up slightly from 267,000 last week. We'll be back with the live numbers when they hit. Join the conversation about this story » NOW WATCH: Forget the Apple Watch — here's the new watch everyone on Wall Street wants
The headline, fictional, seasonally adjusted (SA) number of initial unemployment claims for last week came in at 267,000. The Wall Street economist crowd consensus guess was a little too high at 276,000, a non material difference. We have no interest in the seasonally manipulated headline number expectations game. Show More Summary
Let’s do the time warp again! During late 2008, The Federal Reserve began their unprecedented financial stimulus (distortion) by lowering The Fed Funds Target Rate and purchasing assets for their balance sheet. The hope was that the economy would recover and firms would raise wages as inital unemployment claims fall. Well. that didn’t go too […]
New claims for US unemployment benefits fell last week, the government said Thursday in a report adding further evidence of a tightening labor market. Initial jobless claims dropped by 12,000 to 267,000 in the week ending June 13, the Labor Department said. The prior week’s level was...
Employers have also hired at healthy levels in recent months, adding 280,000 jobs in May, a strong showing
Inflation and jobless claims data boosts sentiment, Oracle slumps on disappointing earnings.
Print shows claims falling more than expected, in latest sign of steady job creation.
Economists expected initial unemployment benefits to tick a little higher in mid-June. Fortunately, the opposite happened.
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to a tightening labor market. Initial claims for state unemployment benefits dropped 12,000 to a seasonally adjusted 267,000 for the week ended June 13, the Labor Department said on Thursday. Show More Summary
At 8:30 a.m. ET, we'll get the latest tally of initial jobless claims. Economists forecast that claims fell slightly to 277,000 last week from 279,000 in the prior week. Last week's data was the 14th straight week that unemployment claims...Show More Summary
Labor Department figures show claims remained at a historically low level.
Following last week's dip back towards record lows, initial jobless claims rose very modestly this week to 297k (slightly worse than expected). This leaves initial jobless claims practically unchanged for the last 6 months, despite the surge in JOLTS that we saw in recent months. Show More Summary
When initial jobless claims dip below the 300,000 plateau, it's good news. When they stay below 300,000 for 14 weeks, it's important.
WASHINGTON (Reuters - The number of Americans filing new claims for unemployment benefits rose slightly more than expected last week, but remained in territory consistent with a strengthening labor market. Initial claims for state unemployment...Show More Summary
The latest weekly data on initial jobless claims is due at the bottom of the hour. Economists forecast that claims fell slightly to 275,000 last week, from 276,000 in the prior week, according to Bloomberg. This could mark the 14th straight...Show More Summary
By Tanya Agrawal (Reuters) - U.S. stock index futures were mixed on Thursday as investors awaited retail sales and weekly jobless claims data, a day after the Dow moved back into positive territory for the year. U.S. shares jumped on...Show More Summary
Mike Rowe has rejected the premise that he is engaging in right-wing propaganda by “harping on” the importance of a work ethic and falsely claiming that many jobless individuals actually want to work. According to Mike Rowe in a response...Show More Summary
The headline, fictional, seasonally adjusted (SA) number of initial unemployment claims for last week came in at 276,000. The Wall Street economist crowd consensus guess was 280,000. Rather than play the expectations game on the seasonally manipulated headline number, we focus on the actual trend based on the actual data. Actual claims were 230,055, which is another record low…