After last week's holiday-shortened exuberance over initial jobless claims, this week's slam back to reality is quite a shock to the "everything is awesome" crowd. Initial jobless claims jumped 31,000 to 313,000 - the biggest percentage rise since December 2013. Show More Summary
It's never good news when initial unemployment claims go up, but it's especially discouraging when they spike unexpectedly.
Initial jobless claims unexpectedly increased to 313,000 last week. Expectations were for claims to rise slightly to 290,000 after last week coming in lower than expected at 283,000. The current four-week moving average of claims also...Show More Summary
It was a little discouraging to see initial unemployment claims climb above 300,000 three of the last five weeks, but today's news helps set minds at ease.
Succinct Summations week ending February 20th Positives: 1. Stocks keep humming, the S&P 500 and Russell 2000 made new all-time highs. 2. Initial jobless claims fell to 283k vs the 290k expected. 3. EU consumer confidence hit the highest levels since Sept 2007 4. Markit US manufacturing PMI came in at 54.3, slightly higher than...Read More
Initial weekly jobless claims fell 21,000 to 283,000. The 4-week average fell 6,500 to 283,250. Continuing claims rose 58,000 to 2.425 million. The Bloomberg Consumer Comfort Index rose 0.3 points to 44.6 in the latest week. The general business conditions index of the Philadelphia Fed’s Business Outlook Survey fell 1.1 points to 5.2 in February. The Conference […]
For the 9th week in a row, the smoothed average of initial jobless claims in Texas surged (Other Shale States - PA, ND, and CO also saw a notable rise in claims). While Tennessee's levels were estimated, the broad levels of claims send a mixed message. Show More Summary
Initial jobless claims declined more than expected last week, falling back below the 300,000 level that indicates a healthy labor market.
The job market is still in great shape. The weekly report on initial jobless claims came in lower than expected at 283,000 last week. Expectations were for claims to come in at 290,000 down from last week's 304,000, which missed expectations. More to come... Join the conversation about this story »
Initial weekly jobless claims rose 25,000 to 304,000. The 4-week average fell 3,000 to 289,750. Continuing claims fell 51,000 to 2.354 million. Retail sales fell -0.8% overall in January, while sales less autos fell -0.8%, and sales less autos and gas rose 0.2%. The Bloomberg Consumer Comfort Index fell -1.2 points to 44.3 in the latest […]
As the noise of jobless claims data once again ripples through the narrative of unequivocally good low gas prices, initial claims in Shale States continues to trend higher. TX and PA saw the largest rise in claims (from the Shale States) lagged a week. Show More Summary
WASHINGTON, Feb 12 (Reuters) - The number of Americans filing new claims for unemployment rose more than expected last week, but the underlying trend remained consistent with a strengthening labor market. Initial claims for state unemployment benefits increased 25,000 to a seasonally adjusted 304,000 for the week ended Feb. Show More Summary
Initial jobless claims totaled 304,000 last week, more than expected. Expectations were for claims to come in at 287,000, up from last week's total of 278,000. Last week's number marked the second straight week that claims came in below 280,000, the first time that has happened since April 2000. More to come... Show More Summary
On Thursday morning, we'll get the best-performing indicator of the US labor market: initial jobless claims. For a while now, Pantheon Macroeconomics' Ian Shepherdson has been stressing that the weekly print is noisy, particularly with the volatility the end-of-year season brings. Show More Summary
It all makes perfect sense. Challenger announced this morning that layoffs in January soard 17.6% year-over-year with planned job cuts at the highest level in almost 2 years... Jobless claims in Shale states continues to trend higher as oil prices collapse... Show More Summary
The weekly report on initial jobless claims is set for release at 8:30 am ET. Expectations are for claims to total 290,000 for the week ended January 31. The week prior, claims totaled 265,000, the lowest weekly total in 15 years. This...Show More Summary
By Chuck Mikolajczak NEW YORK (Reuters) - U.S. stock index futures advanced on Thursday, putting equities on track to rebound from a late selloff in the prior session, ahead of data on the labor market and the latest round of earnings reports. Show More Summary
The Labor Department reported that 265,000 people filed initial claims for jobless benefits last week. To find a week when fewer people filed jobless claims, you have to go back to April 2000, the tail end of the 1990s economic boom...
In a positive sign for the labor market, initial claims for jobless benefits plunged last week to the lowest level in 15 years, the Labor Department said Thursday.
New claims for US unemployment insurance benefits plunged to the lowest level in nearly 15 years last week, the Labor Department reported Thursday. Initial jobless claims, a sign of the pace of layoffs, dropped to a seasonally adjusted...Show More Summary