Stocks drop on fear of tomorrow’s jobs report even though data today shows labor market weakness
Two reports showing “some” labor market weakness haven’t been enough today to offset worry over tomorrow’s jobs report for February. At the close in New York, the Standard & Poor’s 500 was off by 1.85% and the Dow Jones Industrial...
Initial claims for unemployment edge upwards ahead of surge in announced layoffs
Initial claims for unemployment totaled 251,000 for the week ended July 16, up 7,000 from the week before, the Labor Department reported today, July 21. Economists were looking for 240,000 initial claims. That was the highest weekly number since November 13, 2021 The...
Initial claims for unemployment unexpectedly inch higher
New jobless claims rose last week, ending a three-week streak of improvements. For the week ended Feburary 12, workers filed 248,000 initial claims for unemployment. Economists surveyed by Bloomberg were expecting 218,000 new claims. In the prior week workers filed a...
New claims for unemployment tick up slightly–if the numbers can be believed
Applications for unemployment benefits in regular state programs rose last week to 207,000 for the week ended January 1, the Labor Department reported today, Thursday, January 6. That was up 7,000 from the prior week and above the 195,000 predicted by economists...
New claims for unemployment tick up again this week
For the third time in six weeks, initial claims for unemployment in regular state programs rose. The number of new claims grew to 419,000 from 368,000, according to data from the Department of Labor. Economists surveyed by Bloomberg had expected a slight drop to...
Initial claims for unemployment soar (NOT) by 2,000
Initial claims for unemployment in regular state programs rose by 2,000 to 373,000 for the week ended July 3, the Labor Department reported today. Economists surveyed by Bloomberg were looking for initial claims to drop to 350,000. Now this may be disappointing to...
New claims for unemployment fall in set up for tomorrow June jobs report
Initial claims for unemployment in regular state programs fell by 51,000 to 364,000 for the week ended June26, the Labor Department reported this morning. Economists surveyed by Bloomberg were looking for 388,000 new claims. The drop to 364,000 still left initial...
New unemployment claims fall but by less than expected
The job market is improving, but the rate of improvement is tantalizingly slow. New weekly jobless claims in regular state unemployment programs fell for the week ended on June 19 to 411,000. Economists had expected a drop to 380,000. The prior week saw a (revised)...
Initial claims for unemployment rise to end six-week streak of improving labor market
Initial jobless claims in regular state unemployment programs rose to 412,000 for the week ended June 12. Economists surveyed by Bloomberg were expecting 3.425 million new claims. This is the last week for which it will be possible to put together a meaningful trend...
Will we get a “Goldilocks” job report for May tomorrow morning?
Employment numbers today suggest that we could get a Goldilocks May job report tomorrow. The ADP Research employment survey said U.S. private employers added 742,000 jobs in May. That’s the most in seven months. But it is slightly below the 850,000 projected by...
Initial claims for unemployment drop again this week to lowest level since March 2020
444,000 Americans filed new claims for unemployment in regular state programs for the week, the Labor Department reported today. That’s the third consecutive weekly decline in initial claims for unemployment. New claims in regular state programs are now at the...
Now the markets are happy again (or at least less grumpy)–on lower new claims for unemployment
A day after the market plunged on worse than expected inflation numbers for April, today, May 12, stocks moved up to recover part of their drop on another decree in the weekly initial claims for unemployment numbers. For the week ending May 8, seasonally adjusted...
New claims for unemployment drop to pandemic low for second week in a row
Wall Street’s “horror” at the speculation reported by Bloomberg that President Biden was considering a hike in the capital gains tax to north of 40% overshadowed today’s good news on further progress in the post-vaccine economic recovery. But...
Surprisingly large drop in new claims for unemployment help S&P, Dow to hit new record highs
Initial claims for unemployment in regular state-run unemployment programs fell to 576,000, the Labor Department reported today, April 15. That’s a pandemic low and a drop of 193,000 from the surprise spike in initial claims in the preceding week. Economists had...
New claims for unemployment up again this week
Initial claims for unemployment in regular state programs rose by 16,000 to 744,000 in the week ended April 3, the Labor Department reported today, April 8. This was the second straight weekly increase in new claims. For the prior week, the total new claims figure was...
New claims for unemployment disappointingly high
The number of workers filing new claims for unemployment unexpectedly jumped for the week ended March 27. The rise to 719,000 initial claims for unemployment was a surprise after last week when the total dropped to a revised 658,000. That was the lost weekly total...
Initial claims for unemployment fall by more than forecast for the week
New claims for unemployment dropped to 712,000 in regular state programs in the week ended March 6, the Labor Department reported today. That drop of 42,000 from the prior week was a bigger drop than economists had projected. Economists surveyed by Bloomberg were...
Initial claims for unemployment drop more than expected by economists
Today, February 4, the Labor Department reported that new claims for unemployment in regular state unemployment programs for the week ended January 30 fell to 779,000 on an adjusted basis. That was a drop of 33,000 from the previous week and it marks a third straight...
New claims for unemployment dip slightly, remain elevated
Initial jobless claims in regular state unemployment programs declined–on an adjusted basis–by 26,000 to 900,000 for the week ended January 16, the Labor Department announced today, January 21. On an unadjusted basis, initial claims for unemployment...
New claims for unemployment hit 1.15 million
Whoa, Nellie! Initial claims for unemployment benefits through regular state programs climbed to 1.15 million on an unadjusted basis for the week ended January 9. On a seasonally adjusted basis claims rose to 965,000, an increase of 181,000 in the week. Add 284,000...
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 fall a bit but still signal an economy losing momentum
Initial claims for unemployment dropped to 814,000 last week from 873,000 the prior week, the Labor Department reported today, Thursday, December 31. The short week due to Christmas makes it hard to judge the trend in new applications. Another 308,000 people filed for...
The U.S. economy looks to be slumping in newest data
Okay, so the news on new claims for unemployment was sort of not too bad. About 869,000 people filed initial claims for unemployment in regular state programs for the week ended on December 17. That was lower than in the prior week but still above the levels in early...
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...
Tomorrow’s new claims for unemployment will be nasty, economists project
Tomorrow’s report from the Labor Department will show 815,000 American workers filed initial claims for unemployment in the week ended December 12, according to economists surveyed by Bloomberg. That would be an improvement from the 850,000 new claims filed in...
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...
So why wasn’t the market more excited about the drop in new claims for unemployment?
Initial claims for unemployment in regular state programs fell by 75,000 to 712.000 for the week ended November 28. That was the first decline in new claims for unemployment in three weeks. And a big improvement over the 775,000 initial claims that economists had...
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...
Initial claims for unemployment drop–but it’s not enough
New claims for unemployment in regular state-run programs fell to an adjusted 709,000 in the week ended on November 7. That was down 48,000 from the prior week. On an unadjusted basis, the figure fell by 21,000. Continuing claims–the total number of Americans...Jim’s Daily Email Alerts:
Every post from Jubak Picks straight to your mailbox. And they're free!