Succinct Summations for the week ending October 9th, 2015: Positives: 1) Stocks enjoyed their strongest week of the year. 2) Initial jobless claims fell to 263k from 276k last week. 4 week average = 268k, the lowest since early August from 271k last week. 3) Purchase applications to buy a home rose 27.4% w/o/w and...Read More
As we pointed out previously, the growing convergence between BLS-reported initial jobless claims (at 42 year lows) and reported job cuts (highest since 2009) suggests someone is lying. It appears we have found the cuplrit as Goldman Sachs confirms that changes in gross labor market flows (e.g. Show More Summary
Chain stores—at least those that still report monthly sales results—are reporting slightly higher rates of year-over-year sales growth for September. Initial weekly jobless claims fell 13,000 to 263,000. The 4-week average fell 3,000 to 267,500. Continuing claims rose 9,000 to 2.204 million. The Bloomberg Consumer Comfort Index rose 1.8 points to 44.8 in the latest week. […]
US jobless claims came out today better than expected. Since one data point does not make a trend, here is a chart of the popular 4-week moving average of initial jobless claims going back nearly five decades with recessions highlighted in red...
New claims for US unemployment insurance benefits tumbled last week to their lowest level in nearly three months as the jobs market improves, Labor Department data released Thursday showed. Initial jobless claims, a sign of the pace of layoffs, dropped by 13,000 to 263,000 in the week ending...
One indicator continues to destroy concerns that the US economy is imminently headed for recession. Weekly initial claims for unemployment insurance (aka jobless claims) are near the lowest level in 42 years. Most recently on Thursday,...Show More Summary
Job cuts have already surpassed last year's total, according to Challenger, Gray & Christmas with the highest annual total since 2009, when nearly 1.3 million layoffs were announced at the tail-end of the recession... so how does the government explain the fact that initial jobless claims have once again re-tumbled back to close to 42-year lows... Show More Summary
The latest weekly tally of initial jobless claims is set for release at 8:30 a.m. ET. Economists estimate that first-time claims for unemployment insurance fell to 274,000 last week from 277,000 in the prior period. HSBC's James Pomeroy noted in a client preview, "T he 4-week average was 270,750, close to the lowest level in several decades. Show More Summary
Does not compute. That may be the best way to summarize the discrepancy between the statistically-massaged, seasonally-adjusted initial claims data reported by the DOL, which moments ago printed at 277K in the latest week, modestly higher...Show More Summary
Initial jobless claims rose 277,000 last week, according to the Department of Labor. Economists had estimated that the number of first-time claims filed for unemployment insurance totaled 271,000 last week, compared to 267,000 in the prior week. Show More Summary
The Department of Labor announced Thursday that initial jobless claims were up by about 3,000 from the previous week, but still low enough to represent a growing economy. The number of new applications for unemployment insurance stood at 267,000 for the week ending September 19. Show More Summary
It is officially the last day of summer. [sigh] Here are some of the economic indicators scheduled to be released this week: Monday, Sept 21: Existing Home Sales Thursday, Sept 24: Initial Jobless Claims and Durable Goods Orders Friday, Sept 25: Gross Domestic Product (GDP); GDP Chain Deflator; Consumer Sentiment Index and New Home Sales […]
New claims for US unemployment insurance benefits tumbled last week, continuing to point to a tightening labor market as the Federal Reserve mulls an interest rate hike, government data released Thursday showed. Initial jobless claims dropped by 11,000 to 264,000 in the week ending September 12,...
Initial jobless claims fell 11k (on an adjusted basis) to 264k last week - hovering near its lowest level since 1973 as firms hoard labor leaving The Fed stuck between an "everything looks awesome" rock and a "well we have to admit all these indicators are bullshit" hard place... Show More Summary
The latest data on initial jobless claims are due at the bottom of the hour. Economists estimate that first-time claims for unemployment insurance totaled 275,000 last week, unchanged from the prior period. The trend in claims continues to be strong, and we've now had about six months with initial jobless claims below the key 300,000 level. Show More Summary
The latest weekly tally of initial jobless claims will be released at 8:30 a.m. ET. Economists estimate that initial claims for unemployment insurance totaled 275,000 last week. In the prior week, claims came in at 282,000, while the...Show More Summary
Initial jobless claims have risen for 5 of the last 6 weeks with the last week showing a 12k rise to 282k. This is the biggest weekly rise in 2 months and raises the claims print overall to 2-month highs. Perhaps most remarkable is that initial jobless claims are now back up to unchanged since the end of QE3. Charts: Bloomberg
Initial jobless claims will be out on Thursday at 8:30 AM. Economists are expecting claims to rise to 275,000, up from the previous week's 271,000. "The 4-week average was 272,500, still close to the lowest level in several decades,"...Show More Summary
WASHINGTON, Aug 27 (Reuters) - The number of Americans filing new applications for unemployment benefits fell more than expected last week, pointing to a steadily firming labor market. Initial claims for state unemployment benefits slipped 6,000 to a seasonally adjusted 271,000 for the week ended Aug. Show More Summary
After four weeks of rising - the longest streak since Feb 2009 - initial claims dropped very modestly to 271k this week. This means initial jobless claims has gone nowhere since January 23rd. Charts: Bloomberg