The headline, fictional, seasonally adjusted (SA) number of initial unemployment claims for last week came in at 282,000 on Thursday. The Wall Street economist crowd consensus guess was 274,000. We’re not interested in the expectations game. Instead, we focus on the actual trend. Actual claims were 251,435, which is another record low for the week. The actual weekly…
Getty By Lucia Mutikani The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, but remained at levels consistent with a strengthening labor market. Initial claims for state unemployment benefits...Show More Summary
Today's comic by Ruben Bolling is Introducing Louis 'Flash' Maltby: Initial claims for unemployment compensation remain low: Initial jobless claims were 282,000 for the week ending May 23, up 7,000 form the previous week. They remain at historic lows as does the less volatile four-week average, which rose 5,000 to 271,500. Show More Summary
With the biggest miss to expectations in 6 weeks, initial jobless claims rose to 282k (against 270k exp). For context this means jobless claims have gone nowhere since the end of QE3. It appears it is time to double-seasonally-adjust this data to confirm the everything is awesome meme. Show More Summary
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, but remained at levels consistent with a strengthening labor market. Initial claims for state unemployment benefits rose 7,000 to a seasonally adjusted 282,000 for the week ended May 23, the Labor Department said on Thursday. Show More Summary
It's never good news when initial unemployment claims go up, especially a few weeks in a row, but no one is sweating numbers like these.
Initial jobless claims rose slightly last week to 282,000. Expectations were for the report to show claims totaled 270,000 last week, down from the prior week's 274,000. Last week's number sent the 4-week moving average of claims to its lowest level in 15 years. More to come... Show More Summary
Initial claims rose very modestly this week but the smoother 4-week average hit fresh cycle lows at 271k - just shy of the lowest level since 1973. Continuing claims also fell to new cycle lows at their lowest since 2000. It appears, as we have noted previously, that peak job-related cost-cutting has been achieved. Show More Summary
We've clearly reached an encouraging point when initial unemployment claims can climb 10,000, but the overall totals are still near a 15-year low.
The weekly report on initial jobless claims is set for release at the bottom of the hour. Expectations are for the report to show initial claims totaled 270,000 last week, up slightly from the prior week's 264,000. This number wouldShow More Summary
Succinct Summations week ending May 15th Positives: 1. The S&P 500 hit a new all-time high. 2. EU GDP rose 1% y/o/y. 3. NFIB small business optimism index rose to 96.9 4. Initial jobless claims came in at 264k, the 4-week moving average is the lowest it has been since April 2000. 5. Empire state...Read More
Initial weekly jobless claims fell 1,000 to 264,000. The 4-week average fell 7,750 to 271,750. Continuing claims were unchanged at 2.229 million. The Bloomberg Consumer Comfort Index fell -0.2 points to 43.5 in the latest week. Producer Prices for Final Demand fell -0.4% in April. PPI-FD less food and energy fell -0.2%, but rose 0.1% […]
Submitted by Lance Roberts via STA Wealth Management, The Claims Problem This morning initial jobless claims plunged to the lowest level in the last 42 years. The chart below shows the weekly claims as compared to the 4-week moving average. Show More Summary
Earlier I mentioned that the 4-week moving average of weekly claims was the lowest since April 2000. And if the average falls just a little further, the average will be the lowest in over 40 years. Of course that doesn't take into account...Show More Summary
US stocks started strong on Thursday after data on initial jobless claims fell to another 15-year low. Near 10:06 a.m. ET, the Dow was up 131 points, the S&P 500 was up 11 points, and the Nasdaq was up 28 points. On Wednesday, the three...Show More Summary
When initial unemployment claims started spiking in late February, there were some fears that the job market was cooling. Those concerns have since disappeared.
The latest tally on inital jobless claims came in at 264,000, beating expectations. The four-week average of claims is now at the lowest since April 2000. Economists were expecting that jobless claims rose to 273,000 from 265,000 the...Show More Summary
Since the March jobs report, initial jobless claims data has done nothing but get better. And this could be a big deal for Friday's April jobs report, according to Joe LaVorgna, economist at Deutsche Bank. In a note to clients aheadShow More Summary
Initial jobless claims rose very modestly from last week's 15-year low levels and hovers at a stunning 262k - indicating everything is as awesome as it can possibly be. Which is odd... because as Challenger-Gray notes, April saw the biggest rise in job cuts since 2011 (and the worst YoY increase for April in at least a decade). Show More Summary
Initial jobless claims rose slightly last week from a 15-year low while planned layoffs surged in April to a three-year high, providing mixed signals about the health of the labor market ahead of Friday's jobs report.