This week’s data builds a further case for a declining economy and likelihood of the Fed doing another round of QE. These data hit all of the Fed’s marks for action: joblessness and unemployment, declining industrial production, low price inflation and possible price deflation, and declining retail sales. These are the things that the Fed [...]
New jobless claims for the week of December 17 trended down for the third week in a row:
Layoffs are on a steady decline in what is good news for the jobs market and for the December employment report. Initial claims fell for a third week in a row, down 4,000 to a much lower-than-expected [...]
Jobless insurance claims for the week of December 10 came in much better than expected at 366,000, 19,000 less than the week before:
Back to back declines of 19,000 in initial jobless claims are signaling sudden strength in the labor market. Claims in the December 10 week came in at 366,000, far below expectations for [...]
This week’s jobless claims report from the Department of Labor was largely unchanged:
Initial jobless claims edged 6,000 lower in the October 15 week to 403,000, but the level is 3,000 higher than Econoday’s consensus estimate and the prior week is revised 5,000 higher to 409,000. Yet the trend is clearly if only marginally positive [...]
Remember this headline two weeks ago:
Jobless Claims Tumble, Futures Jump
Jobless claims tumbled to 391,000 from 428,000, an unusually big drop that comes completely out of nowhere. …
We’ll see how well it holds up — the Labor Department says the big drop was affected by technical issues — but it could be kind [...]
Today’s new jobless claims report showed claims still at a relatively high level, 423,000, i.e., over the 400K mark. The prior week was revised upward (+4,000) to 432,000. There are 3,727,000 insured unemployed persons in America, basically unchanged. There is not much to add to this report, other than it reflects a continuing trend in the [...]
It seems as if much of the media forgot this statistics today: “Jobless claims jumped 11,000 in the September 10 week to an unexpectedly high 428,000.” Last week’s number was to 417,000, or 3,000 higher.
[A] look at the four-week average isn’t encouraging, up 4,000 to 419,500 for the fourth straight gain [...]
Jobless claims remained high, at 400,000. I’ll save my discussion on employment for tomorrow when the monthly Employment Situation reports come out.
Based on jobless claims, the jobs market is improving. Initial claims were little changed in the July 30 week, right at the 400,000 level (prior week revised 3,000 higher to 401,000). The four-week [...]
This weeks jobless claims came in with another positive showing: down 5,000 to 382,000. The four week moving average showed a 15,000 per month decline.
Continuing claims are also posting the best readings of the recovery, down 2,000 to 3.721 million in data for the March 12 week. The four-week average of 3.755 million shows [...]