Retailers who reported chain store sales today saw generally respectable increases in year-on-year sales rates. Initial jobless claims fell an astounding 26,000 last week, to 300,000, probably due to Easter’s statistical weirdness. The 4-week moving average fell 4,750 to 316,250. Continuing claims fell 62,000 to 2.824 million. Export prices rose 0.8% in March, while import [...]
Hickey and Walters (Bespoke) submit: The trend of lower jobless claims continued this week as first time initial claims dropped by 32K to 300K, which is the lowest level in nearly seven years (May 2007). It was also the lowest weekly decline since December 2012. Show More Summary
Initial Jobless Claims ticked to their lowest level in nearly seven years this week. This should be a positive for the market given how closely the weekly Jobless Claims reading has mirrored stocks since the start of the bull market....Show More Summary
Jobless claims haven't been this low since May 2007.
Initial jobless claims plunged last week to their lowest level in nearly seven years, a sign that the labor market was picking up traction.
The trend of lower jobless claims continued this week as first time initial claims dropped by 32K to 300K, which is the lowest level in nearly seven years (May 2007). It was also the lowest weekly decline since December 2012. A few weeks...Show More Summary
From a revised 332k last week, initial claims collapsed 32k to 300k (smashing expectations of 320k) and dropping to the lowest of the recovery. This is the lowest initial claims print since May 2007. Rather stunningly, given the real...Show More Summary
Heads up! The latest weekly jobless claims data are due out at 8:30 AM ET. Economists predict 320,000 initial claims for unemployment insurance were filed in the week ended April 5, down from 326,000 the week before. Continuing claims...Show More Summary
Longer-term trends still look steady.
WASHINGTON -- Initial jobless claims unexpectedly increased last week but remained low in a positive sign for labor market growth before Friday's jobs report.
Despite hope that this time is different, and after a few weeks of improvement that was extrapolated as back-to-the-status-quo for us all, initial jobless claims rose by their most week-over-week in 10 weeks, missed expectations, and hover just below the average of the last year. Show More Summary
Heads up! We are minutes away from the release of weekly U.S. jobless claims figures, due out at 8:30 AM ET. Economists predict initial claims for unemployment insurance filed in the week ended March 29 were 319,000, up from 311,000 in the previous week. Show More Summary
Here's a chart we haven't run in a long time. It shows the S&P 500 vs. Initial Jobless Claims. Actually, we've flipped Jobless Claims upside down, so that as they improve, they go up and to the right. For years and years, the two lines have matched up quite nicely. Show More Summary
The Commerce Department’s final GDP revision for the 4th Quarter shows a below-trend annualized rate of 2.6% GDP growth. Weekly initial jobless claims fell 10,000 to 311,000. The 4-week average fell 9,250 to 317,750. Continuing claims fell 53,000 to 2.823 million. Corporate profits in the 4th Quarter of 2013 were $1.905 trillion, compared to $1.869 [...]
Longer-term trend points to continued improvement.
The number of Americans filing new claims for unemployment is the lowest in four months, indicating an improving labor market. Initial claims for state unemployment benefits declined 10,000 to a seasonally adjusted 311,000, the lowest level since November, the Labor Department said on Thursday. Claims for the week ended March 15 were revised to show […]
Initial jobless claims dropped 10k this week to 311k - the lowest in 4 months - offering little bad-news-is-good-news hope for renewed un-tapering to pump stocks back up. Illinois, New York, and Pennsylvania (all weather-related) saw the biggest drops in claims in the prior week. Continuing claims also fell 53k to 2.82 million, its lowest in 3 months. Charts: Bloomberg
The U.S. Department of Labor will release initial jobless claims at 8:30 a.m. Consensus is for a slight increase to 323,000 from 320,000. Here's what the four-week moving average has looked like recently. Join the conversation about this story »
Initial jobless claims rose 5,000 to 320,000. The 4-week average fell 3,500 to 327,000. Continuing claims rose 41,000 to 2.889 million. The Bloomberg Consumer Comfort Index fell -1.4 points to -29.0 in the latest week. The general business conditions index of the Philadelphia Fed’s Business Outlook Survey rose from -6.3 to 9.0 in March. Existing [...]
Stocks recovered almost all of yesterday's losses. First, the scoreboard: Dow: 16,317.0 (+94.8, +0.5%) S&P 500: 1,870.5 (+9.7, +0.5%) Nasdaq: 4,315.6 (+8.0, +0.1%) And now the top stories: This week's initial jobless claims report was...Show More Summary