New claims for unemployment drop to 787,000–but nobody knows what that means
Initial claims for unemployment in regular state programs fell to 787,000 for the week ended on January 2. Economists were looking for 800,000 initial claims. New claims for the prior week were revised lower to 790,000. To keep the “improvement” in...
Initial claims for unemployment even worse than expected as coronavirus shutdowns bite
For the week ended December 12, the number of Americans filing initial claims for unemployment in regular state programs rose on a seasonally adjusted basis to 885,000, an increase of 23,000 from the previous week. That was the largest gain in the last three months. A...
New claims for unemployment climb again this past week
Initial claims for unemployment in regular state programs rose on an adjusted basis by 137,000 to 853,000 in the week ended December 5, the Labor Department reported today, Thursday, December 10. The unadjusted total rose by 229,000. Another 428,000 workers applied...
Initial claims for unemployment climb again
The number of Americans filing initial claims for unemployment in regular state unemployment programs climbed by 30,000 in the week ended November 21, the Labor Department reported today, November 25. For the week initial claims in state programs rose to a seasonally...
Dow closes above 30,000 for first time ever
Is this as good as it gets? That’s an important question today as the Dow Jones Industrial Average closes up 1.54% to 30,045.84, the first close above 30,000 ever. Other indexes were just as strong. The Standard & Poor’s 500 gained 1.62% by the close....
Nevada puts new coronavirus restrictions on Las Vegas casinos–but so far MGM Resorts stock gains
Saying on Sunday that the coronavirus surge in Nevada is running at wildfire levels, Governor Steve Sislak announced new restrictions to start on Tuesday and that will run for three weeks. The new rules will require casinos, amusement and theme parks, arcades, bars,...
As the day wore on, markets began to see near-term economic damage from the coronavirus as out weighing mid-term hope from vaccines
At 1 p.m. today, November 18, the Standard & Poor’s 500 was up 0.05% and the Dow Jones Industrial Average was ahead 0.06%. Supporting even these meagre gains was positive news from Pfizer (PFE) that it had concluded trials of its coronavirus vaccine and...
New claims for unemployment dip a miniscule 7,000
Today, the Bureau of Labor Statistics announced that the seasonally adjusted number of initial claims for unemployment in regular state programs for the week ended October 31 was 751,000, a decrease of 7,000 from the previous week’s revised level. The previous...
Look ahead to a volatile 9 months: Time to chew gum, walk, rub your belly, and pat your head at the same time
As of today, November 3 at 12:30 p.m., I don’t know who will win the Presidential election. I don’t know if the rally in the stock market today, with the Standard & Poor’s 500 up 2.02% at 12:30 p.m. New York time, is a vote for some specific...
At 898,000 this week’s initial claims for unemployment worse than expected
The number of new unemployment claims in regular state-run programs rose last week to a seasonally adjusted 898,000. That’s up 50,000 for the prior week and the biggest increase in first-time unemployment claims since August. The economy has clearly stalled with...
Adding Southern Copper with its 3.33% dividend to the (what else?) Dividend Portfolio
In my just completed Special Report: “Your Investment Guide for the Next 6 Dangerous Stock Market Months” on my JubakAM.Com site I wrote that I’d look to add some coronavirus recovery stocks to my portfolio during weakness in the November time...
Heads up! Tomorrow we get another (probably discouraging) report on new claims for unemployment
Initial claims for unemployment for the week ended October 3 will total 820,000 in tomorrow’s report from the Department of Labor, according to economists surveyed by Bloomberg. That would be a drop from initial claims of 837,000 in the prior week. The...
Disney turns furloughs into layoffs for 28,000 workers
I’m afraid that this is just a sign of bad things to come at lots of other companies for lots of workers. Disney (DIS), which had announced back in April that it would furlough more than 100,000 workers after the coronavirus pandemic forced the company to close...Vaccine hopes drive stock prices higher today–and tomorrow?
U.S. stocks broke strongly higher today as Moderna (RNA) disclosed results from an initial safety trial. Investors also got a report on the ITV.com website that new findings from the vaccine candidate being developed at the University of Oxford could be published as...
Another day, another market Put: this time it’s remdesivir
et’s count the Puts that are keeping any Bad News Bear from biting this market. Of course, first and foremost there’s the Federal Reserve Put (or Powell Put for lovers of alliteration). The Fed has told investors they can expect the current near 0%...
In context today’s new claims for unemployment number is bad news
These days you can’t read an economic report, especially a jobs report, without a calendar. Today’s report on initial claims for unemployment — a weekly number for the week ended July 4–showed that new claims for unemployment continued their...Jim’s Daily Email Alerts:
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