By Sold At The Top: Today's jobless claims report showed a notable increase in initial unemployment claims and a slight decline in continued unemployment claims, as initial claims trended well below the closely watched 400,000 level. Seasonally adjusted initial unemployment claims increased by 32,000 to 360,000 from 328,000 for the Complete Story »
Analysts had expected a smaller increase.
Initial jobless claims jumped 9.8% to a seasonally adjusted 360,000 for the week ending May 11, according to a Labor Department report released today. Last week's unrevised initial jobless claims marked a record recovery low, but this newest report puts the labor market back in bear territory. Show More Summary
By James Picerno: It's a rough morning for US economic news. Initial jobless claims jumped sharply last week and housing starts in April suffered the biggest monthly decline in six years. Overall, it's pretty ugly, but it's not yet fatal for the business cycle, or so a broad review of indicators still suggests. Show More Summary
Hickey and Walters (Bespoke) submit: After several weeks of better than expected reports, Thursday morning's reading of initial jobless claims for the latest week came in significantly higher than expected (360K vs 330K). It was also the highest weekly reading since late March. Show More Summary
After several weeks of better than expected reports, this morning's reading of initial jobless claims for the latest week came in significantly higher than expected (360K vs 330K). It was also the highest weekly reading since late March. Show More Summary
WASHINGTON -- Initial jobless claims unexpectedly jumped to a six-week high of 360,000 last week after declining to a post-recession low this month, the Labor Department said Thursday.
The news on initial unemployment claims over the last several weeks was so encouraging, we were starting to get a little spoiled. There are, however, some bumps in this road.
Heads up! Minutes away from the release of weekly jobless claims data, due out at 8:30 AM ET. Economists predict initial claims for unemployment insurance rose to 330,000 in the week ended May 11 from 323,000 in the previous week. Continuing...Show More Summary
We've been posting this chart for ages, and been marveling forever at how beautiful it is, and it just never ceases to amaze us. The relationship between initial jobless claims (red line) and the S&P 500 (blue line) has held remarkably...Show More Summary
Third straight week of improvements.
Initial jobless claims inched down 1.2% to a seasonally adjusted 323,000 for the week ending May 4, according to a Labor Department report released today. These newest numbers are the lowest yet for the recovery period, and mark the third straight week of new claims decreases. Show More Summary
By Cullen Roche: There have been a few very consistent good news stories over the last few years. And one of them is the story behind initial jobless claims. Claims, in case you don’t know, tracks how many people file for unemployment insurance every week. Show More Summary
Despite the decline in initial weekly unemployment gains stocks have remained flat today. Bloomberg's Consumer Confidence Index indicates consumers' perception of the economy is at its most positive in more than five years. The Dow (INDEXDJX:.DJI) increased 0.14% to 15 126.56. Show More Summary
By James Picerno: It's the gift that keeps on giving. Initial jobless claims slipped again last week, retreating by 4,000 to a seasonally adjusted 323,000 -- the lowest number since January 2008. The latest drop is slight, but the fact that claims fell to another multi-year low for the week through May 4 is significant. Show More Summary
Initial jobless claims continued to decline last week in another hopeful sign that the labor market is improving.
For the fourth consecutive week, the figures on initial unemployment claims from the Department of Labor offered unexpectedly good news.
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits dropped to its lowest level in nearly 5-1/2 years last week, signaling labor market resilience in the face of fiscal austerity. Initial claims...Show More Summary
At 8:30, the Department of Labor will release its latest report on weekly initial jobless claims. Economists are expecting 335,000, up from 324,000 a week ago. "Today's jobless claims report is the most important release in what is a quiet week for U.S. Show More Summary
This week's calendar is looking a little light as far as scheduled economic indicators which may influence the direction of mortgage interest rates. Thursday, May 9: Initial Jobless Claims Wow.... that was exciting! On Tuesday, the Treasury will begin to sell $27 billion in notes and bonds which may impact mortgage rates as they are [...]