First-time claims for unemployment benefits took an unexpected leap for the week ending May 11, rising to a seasonally adjusted 360,000, the Department of Labor reported. That's 32,000 above the previous week's revised figure of 328,000, originally reported as 323,000. Show More Summary
Can we imagine geologic time when markets behave like this? 60 minute chart of the ten-year yield. Two weeks ago, the world ended and the yield rallied. Recently, jobless claims surged and the yield has come back in...not even to a.382 retrace. Whatever.Good trading and great risk management to all.Educational use only. Never intended as investment advice.
By Sold At The Top: Today's jobless claims report showed a notable increase in initial unemployment claims and a slight decline in continued unemployment claims, as initial claims trended well below the closely watched 400,000 level. Seasonally adjusted initial unemployment claims increased by 32,000 to 360,000 from 328,000 for the Complete Story »
U.S. stocks achieved another record high yesterday, but between a larger-than expected fall in April housing starts and the highest number of jobless claims in six weeks, investors have their pick of reasons to knock stocks down from those heights. The and the narrower, price-weighted are down 0.24% and 0.17%, respectively, as of 10:05 a.m. [...]
The U.S. economy showed worrisome signs as jobless claims rose sharply last week while ground-breaking at home construction sites tumbled in April and a gauge of underlying inflation pointed to weak demand.The data could fuel fears over...Show More Summary
Analysts had expected a smaller increase.
The stock market has plenty to chew on in today’s trading session and most of the data this morning in on the negative side. Jobless Claims jumped in the wrong direction, while Housing Starts came in weaker than expected and the CPI numbers seem be in the benign territory.
Initial jobless claims jumped 9.8% to a seasonally adjusted 360,000 for the week ending May 11, according to a Labor Department report released today. Last week's unrevised initial jobless claims marked a record recovery low, but this newest report puts the labor market back in bear territory. Show More Summary
By James Picerno: It's a rough morning for US economic news. Initial jobless claims jumped sharply last week and housing starts in April suffered the biggest monthly decline in six years. Overall, it's pretty ugly, but it's not yet fatal for the business cycle, or so a broad review of indicators still suggests. Show More Summary
U.S. stocks achieved another record high yesterday, but between a larger-than expected fall in April housing starts and the highest number of jobless claims in six weeks, investors have their pick of reasons to knock stocks down from those heights. Show More Summary
Hickey and Walters (Bespoke) submit: After several weeks of better than expected reports, Thursday morning's reading of initial jobless claims for the latest week came in significantly higher than expected (360K vs 330K). It was also the highest weekly reading since late March. Show More Summary
After several weeks of better than expected reports, this morning's reading of initial jobless claims for the latest week came in significantly higher than expected (360K vs 330K). It was also the highest weekly reading since late March. Show More Summary
WASHINGTON -- Initial jobless claims unexpectedly jumped to a six-week high of 360,000 last week after declining to a post-recession low this month, the Labor Department said Thursday.
US stock futures pointed upward this morning as jobless claims jump and declining food and energy prices created deflation in the United States. The Dow (INDEXDJX:.DJI) and S&P (INDEXSP:.INX) both hit record highs again yesterday and futures are heading slightly higher this morning. Show More Summary
The good news: Inflation remains in check. The bad news: Jobless claims are up, and housing starts are down.
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits climbed last week at the fastest pace in six months, a worrisome sign for the economy which has been hit by government austerity.
(WASHINGTON) — The number of Americans seeking unemployment aid rose 32,000 last week to a seasonally adjusted 360,000, the most since late March. The jump comes after applications fell to a five-year low. The Labor Department said Thursday that the less volatile four-week average rose just 1,250 to 339,250, a level consistent with modest hiring. Show More Summary
The news on initial unemployment claims over the last several weeks was so encouraging, we were starting to get a little spoiled. There are, however, some bumps in this road.
Heads up! Minutes away from the release of weekly jobless claims data, due out at 8:30 AM ET. Economists predict initial claims for unemployment insurance rose to 330,000 in the week ended May 11 from 323,000 in the previous week. Continuing...Show More Summary
By Carlos X. Alexandre:c The headlines highlighting how the American economic recovery remains elusive, continue to flow. Meanwhile, every week a ray of hope is delivered by U.S. jobless claims, and a comparison is made to historical levels and how we are certainly on the rebound. Show More Summary