Worst initial jobless claims data in 5 months... no problem. After spending the night in the red, following the closing dump yesterday, futures are panic-bid again into the US open, erasing the losses... How long before we hear "Santa Claus" rally as the reason?
In the two weeks since Donald Trump was elected, initial jobless claims have soared by over 35,000 (or over 15%) to 5-month highs. This is the biggest two-week rise since December 2014 and is entirely against the exuberant narrative being spun by US equity markets. One can't help but wonder what the 'odd' collapase to 43 yeasr lows right into the election was all about...
Initial jobless claims just rose more than expected. Claims, which count people applying for unemployment insurance for the first time, came in at 268,000, above economists' forecasts of 253,000. Last week, claims rose slightly moreShow More Summary
Initial jobless claims rose slightly more than expected. Claims, which count people applying for unemployment insurance for the first time, came in at 251,000, slightly above economists' forecasts of 250,000. Last week, claims unexpectedly...Show More Summary
The latest figures for initial jobless claims will cross the wires at 8:30 a.m. ET. Economists forecast that claims, which counts people applying for unemployment insurance for the first time, fell to 260,000 last week, according toShow More Summary
WASHINGTON, Nov 3 (Reuters) - The number of Americans filing for unemployment benefits rose to near a three-month high last week, but remained below a level associated with a strong labor market. Initial claims for state unemployment benefits increased 7,000 to a seasonally adjusted 265,000 for the week ended Oct. Show More Summary
The last four weeks have seen initial jobless claims rise over 7.7% (~19k), the fastest pace in 5 months, pushing to 265k, the highest level since the start of August. For context, while initial claims have been stable at near record...Show More Summary
Initial jobless claims rose by 7,000 to 265,000 last week, according to the Department of Labor. Economists forecast that first-time filings for insurance were little changed last week at 256,000, compared to 258,000 prior. Initial jobless...Show More Summary
Initial jobless claims fell less than expected. The reading came in 258,000, slightly higher than economists' forecast of 256,000. This is the 86th consecutive week that claims have been below 300,000 — the longest streak since 1970. Last week claims came in at 260,000. Show More Summary
By now we have shown every possible divergence between the ongoing collapse in jobless claims (everything is awesome) as practically every manufacturing and service economy hard data print suggests the exact opposite. So this week, we...Show More Summary
The Department of Labor will release its weekly reading on initial jobless claims at 8:30 a.m. ET. Economists forecast that first-time filings for unemployment insurance rose by 4,000 to 250,000 last week, according to Bloomberg. The...Show More Summary
Succinct Summation of the Week’s Events: Positives: 1. Initial jobless claims were 246k, 7k less than expected; revisions were down 3k to last week’s number. This level of claims was last seen in 1973. 2.Retail sales in auto’s and building materials had sales gains up 1.1% and 1.4% respectively. Show More Summary
Import prices rose 0.1% in September, while export prices rose 0.3%. On a year-over-year basis, import prices fell -1.1% while export prices declined-1.5%. Initial weekly jobless claims fell 6,000 to 246,000. The 4-week average fell 3,250 to 249,250. Continuing claims fell 16,000 to 2.046 million. The Bloomberg Consumer Comfort Index rose 0.7 points to 42.1 […]
The death cross of economic textbooks just got death-ier... US economic growth expectations plumb new post-crisis lows... as initial jobless claims crash to their lowest (best) since 1973!! Because it's not the "manufacturing" economy that's helping... And it's not the "Services" economy either... So... Explain that!
The Department of Labor's weekly release of initial jobless claims data will drop at 8:30 a.m. ET. Economists forecast that the number of first-time filings for unemployment insurance rose by 4,000 to 253,000 last week, according toShow More Summary
Initial jobless claims beat expectations and dropped to 249k last week. This dragged the smoother 4-week average to its lowest level since 1973... Initial claims at 43 year lows... Continuing claims at 16 year lows... Probably time to holde rates just another month or two?
The weekly release on initial jobless claims from the Department of Labor will drop at 8:30 a.m. ET. Economists forecast that first-time claims for unemployment insurance climbed to 256,000 last week from 254,000 prior, according to Bloomberg. Because it's a weekly data series, it tends to be volatile and subject to revision. Show More Summary
The latest numbers for initial jobless claims will be out at 8:30 a.m. ET. Economists forecast that claims ticked up slightly to 260,000. Last week, claims fell by 8,000 to 252,000. Claims have not totaled more than 300,000 in a single...Show More Summary
Dear Labor Department, please explain... Initial jobless claims tumbled last week to 252k - practically its lowest level since 1973. BUT... US economic growth has collapsed as jobless claims have plunged to four-decade lows... And that's...Show More Summary
The Department of Labor will publish its weekly report on initial jobless claims at 8:30 a.m. ET. Economists forecast, according to Bloomberg, that first-time claims for unemployment insurance rose by 1,000 to 260,000 last week. As the...Show More Summary