Succinct Summations week ending May 1st Positives: 1. Initial jobless claims plunged to 262k vs the 290k expected, the lowest reading in 15 years. 2. Pending home sales rose 13.4% y/o/y vs expectations for a 5.1% rise. 3. Consumer spending rose 1.9% in the first quarter, better than expected. 4. The S&P/Case-Shiller index increased 5%...Read More
Today's comic by Ruben Bolling is Doonesbury's Charlie Hebdo problem: 70 years ago today, Adolf Hitler offed himself: Asshole 1%ers weigh in on Baltimore. These Daily Kos community posts were the most shared on Facebook April 29: NYTimes:...Show More Summary
Initial unemployment claims plunged to 262,000 today bettering the Bloomberg Consensus. The Fed is ready now to pull the trigger at anytime and today's jobless claims data may have their finger a little itchy. Initial claims, not skewed...Show More Summary
Initial jobless claims have been worse than expected for the last 2 weeks but remained below the magical 300k level, so it was only appropriate that this week all the great economic news of late - record plunge in US macro disappointments and a dismal 0.2% GDP print - would be met with the lowest claims print in 15 years. Show More Summary
With initial unemployment claims stubbornly high for a while, many wondered when we'd see real progress again. Thankfully, the good news arrived this morning.
Initial jobless claims will be crossing the wires at 8:30 AM on Thursday. Analysts are expecting claims to fall to 290,000, slightly down from 295,00 a week ago. Last week, the 4-week average of initial claims was near a post-crisis low at 284,500. Show More Summary
Initial unemployment claims were expected to improve a bit after last week's disappointing report, but that's not quite what happened.
The weekly report on initial jobless claims is set for release at 8:30 am ET. Expectations are for the report to show that claims totaled 287,000 last week, down slightly from the prior week's 294,000. The 4-week average of initial claims...Show More Summary
Succinct Summations week ending April 17th Positives: 1. The Hang Seng Index crossed 28,000 for the first time since 2007 2. Initial jobless claims rose to 294k vs the 280k expected (bellows 300k for 6 straight weeks). 3. Core CPI rose 1.8% vs expectations of a 1.7% rise. 4. The NAHB index rose to 56,...Read More
Jobless claims clung to a higher rung of its 275K-300K range by posting initial claims of 294K for the week. This is an increase of 12K from the previous week, which was further revised up 1K. The 4-week moving average,
After last week's plunge to cycle lows, initial jobless claims jumped 12k from a revised 282k to 294k, back above the average for the year. The trend of falling claims has now ended as it appears the end of government fiscal year and QE3 signalled the end of the claims collapse. Show More Summary
WASHINGTON April 16 (Reuters) - The number of Americans filing new claims for jobless benefits unexpectedly rose last week, but the underlying trend continued to point to a strengthening labor market. Initial claims for state unemployment...Show More Summary
Initial jobless claims rose more than expected last week to 294,000. Expectations were for claims to total 280,000, down from 281,000 last week. Last week's four-week moving average of claims fell to the lowest since June 2000. LastShow More Summary
We hoped to see initial unemployment claims moving away from the 300,000 threshold, not moving towards it.
Succinct Summations (for the light) week ending April 10th: Positives: 1. The Nikkei Index broke 20,000 for the first time in 15 years 2. Initial jobless claims 4-week moving average is at the lowest levels since 2000. 3. Markit service PMI rose to 59.2, versus the 58.6 expected. 4. U.S. equities had a nice week...Read More
When it comes to Initial Jobless Claims, labor is a leading - not a lagging - indicator. All business investment decisions, from capital to labor, are responses to business expectations of economic growth. So while hiring and firing certainly lag business...
Initial jobless claims jumped last week from a 15-year-low amid renewed concerns about job growth, but remained below the 300,000 level that indicates a healthy labor market
The weekly report on initial jobless claims is set for release at 8:30 am ET. Expectations are for claims to total 283,000, up from last week's 268,000 print, which was the lowest since January and one of the lowest weekly claims numbers since the financial crisis. Show More Summary
Succinct Summations week ending April 3rd Positives: 1. Initial jobless claims fell to 268k, the lowest level in 15 years. 2. Euro-area economic sentiment rose to 103.9, the highest level in nearly four years. 3. Pending homes sales increased 3.1%, the highest reading since June 2013 and above the 0.3% expected rise. 4. Personal income...Read More
Initial jobless claims unexpectedly fell sharply last week to near their post-Great Recession low in a sign that the labor market remains healthy.