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
The new weekly tally of initial jobless claims will be out at 8:30 AM. Claims for unemployment insurance are expected to total 274,00, down from the previous week's 277,000. Last week, claims climbed by more than expected. The consensus...Show More Summary
While still hovering at multi-decade lows, initial jobless claims (up 4,000 to 277k) have now risen for 4 straight weeks (for the first time since August 2010). Charts: Bloomberg
At 8:30 a.m. ET, we'll get the latest weekly tally of initial jobless claims. Economists estimate that claims for unemployment insurance fell to 271,000 last week from 274,000 in the prior period, according to Bloomberg. The data last...Show More Summary
A hallmark of every recession has been the surge in initial jobless claims. Specifically, more claims are filed than the previous year. The opposite is also true: recoveries are led by a drop in claims year over year.
Consider... Zero Interest Rate Policy and a 42-year low in the 4-week average initial jobless claims data... one of these things is not like the other... What Happens Next? Charts: Bloomberg
Initial jobless claims rose modestly this week but remain near 40 year lows as hoarding continues, and job cuts are at 4-year highs. So, we ask, just what is going on in this chart? Charts: Bloomberg
Submitted by Lee Adler via WallStreetExaminer.com, The headline, fictional, seasonally adjusted (SA) number of initial unemployment claims for last week came in at 267,000. The Wall Street economist crowd consensus guess close to the mark this week, at 272,000. Show More Summary
The nation’s long period of below-trend economic growth extends into its sixth year. 2Q GDP was only 2.3% annualized. The GDP Price Index is also restrained once again, at 2.0% annualized. Initial weekly jobless claims rose 12,000 to 267,000. The 4-week average fell 3,750 to 274,750. Continuing claims fell 1,000 to 2.255 million. The Bloomberg Consumer […]
Initial jobless claims rose 12k last week to 267k but remains zero-interest-rate-dismissingly close to 42 year lows... Charts: Bloomberg
There's more good news about the job market besides the strong initial jobless claims report out today. But instead of Labor Department data, this comes from a cheesecake behemoth. In April, we reported that the Cheesecake Factory was...Show More Summary
Boy, is this bullish. In a note to clients following Thursday's blockbuster initial jobless claims report, Chris Rupkey, chief financial economy at MUFG, wrote that, "Current labor market conditions are the tightest in a generation." Rupkey...Show More Summary
Initial claims for US unemployment insurance benefits fell to their lowest level in nearly 42 years last week in another sign of tightening in the country’s jobs market. New jobless claims, a sign of the pace of layoffs, fell to 255,000 in the week through July 18, down 26,000 from the...
Time for a rate hike? Initial jobless claims dropped 26,000 to 255k - its lowest since Nov 1973 While July 4th adjustments may indeed be a factor, it appears things have hardly ever been better - according to this data anyway. Charts: Bloomberg
The Department of Labor will release its weekly tally of initial jobless claims at 8:30 a.m. ET. Economists forecast that initial filings for unemployment insurance dipped to 278,000 from 281,000 in the prior period, according to Bloomberg. The...Show More Summary
Initial claims for US unemployment insurance benefits fell last week as the economy adds a solid number of jobs each month, government data released Thursday showed. New jobless claims dropped by 15,000 to 281,000 in the week ending July 11, the Labor Department reported. The decline in claims was...
Following last week's spike in initial jobless claims, this week saw a modest pull back to 281k (slightly better than the 285k expectations) but hovering at the average for the year, notably confirming that post-QE3 we have seen the improving trend in claims cease. The smoother 4-week average rose to 282k - the highest in almost 3 months. Charts: bloomberg
The latest weekly data on initial jobless claims will cross at the bottom of the hour. Economists forecast that claims totaled 285,000 last week, according to Bloomberg. In the prior period, the number of claims filed for jobless benefits rose to 297,000, the highest since the week of February 28. Show More Summary
Chain stores today are reporting mostly stronger rates of year-on-year sales growth in June. Initial weekly jobless claims rose 15,000 to 297,000. The 4-week average rose 4,750 to 279,500. Continuing claims rose 69,000 to 2.334 million. The Bloomberg Consumer Comfort Index fell -0.5 points to 43.5 in the latest week. The Fed’s balance sheet rose $2.2 […]