Weekly jobless claims

Re: Market News

Jobless claims edge lower as Fed looks to cool labor market

Jobless claims totaled 250,000 for the week ended Aug. 13, down 2,000 from the previous week and below the 260,000 Dow Jones estimate.

Continuing claims, which run a week behind the headline number, totaled 1.437 million, an increase of 7,000.

In other economic news, the Philadelphia Fed reported that its monthly manufacturing survey for August rose to a reading of 6.2
Click to expand...
cnbc.com/2022/08/18/jobless-claims-edge-lower-as-fed-looks-to-cool-labor-market.html
 
Re: Market News

Jobless claims rise again in another sign that labor market is cooling

Initial claims totaled 251,000 for the week ended July 16, up 7,000 from the week before and above the 240,000 Dow Jones estimate.

That was the highest weekly level since mid-November.

The Philadelphia Fed manufacturing index fell to a reading of -12.3, and produced the lowest employment reading since May 2021.
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https://www.cnbc.com/2022/07/21/job...nother-sign-that-labor-market-is-cooling.html
 
Re: Market News

This is what the Fed wanted...


Jobless claims edge up to highest since January; planned layoffs soar; trade deficit hits 2022 low

Initial filings for unemployment benefits totaled 235,000 for the week ended July 2, a gain of 4,000 from the previous period.

The U.S. imbalance for goods and services declined to $85.5 billion, from $86.7 billion in April.

Another report indicated that companies announced 32,517 layoffs in June, a 57% jump from a month ago and the highest total since February 2021.
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https://www.cnbc.com/2022/07/07/job...ince-january-trade-deficit-hits-2022-low.html
 
Re: Market News

Jobless claims total 215,000, fewer than expected; productivity rises 6.6%

Initial claims for unemployment insurance totaled 215,000, below the 225,000 estimate.

That was the lowest level since Jan. 1 and comes a day ahead of the closely watched nonfarm payrolls report for February.

A separate report showed Q4 productivity up 6.6%, slightly less than expected, but with a rise in unit labor costs that was well ahead of estimates.
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https://www.cnbc.com/2022/03/03/weekly-jobless-claims-.html
 
A day late in posting...


Jobless claims jump to 286,000, the highest level since October

Initial jobless claims totaled 286,000 for the week ended Jan. 15, well above the 225,000 estimate.

Continuing claims also rose, jumping to 1.64 million.

The Philadelphia Fed manufacturing index was higher than expected, though the future prices paid index, an inflation gauge, hit its highest level since August 1988.
Click to expand...
https://www.cnbc.com/2022/01/20/jobless-claims-jump-to-286000-highest-level-since-october.html
 
Jobless claims jump to 286,000, the highest level since October

Initial jobless claims totaled 286,000 for the week ended Jan. 15, well above the 225,000 estimate.

Continuing claims also rose, jumping to 1.64 million.

The Philadelphia Fed manufacturing index was higher than expected, though the future prices paid index, an inflation gauge, hit its highest level since August 1988.
Click to expand...

https://www.cnbc.com/2022/01/20/jobless-claims-jump-to-286000-highest-level-since-october.html
 
U.S. weekly jobless claims total 207,000, higher than expected amid omicron spread

Jobless claims totaled 207,000 for the week ended Jan. 1, higher than the 195,000 estimate and 7,000 more than the previous week.

Continuing claims also rose, climbing to 1.75 million as the omicron spread dented the labor market heading into the end of 2021.

Also, the U.S. trade imbalance rose less than expected in November though it came close to setting a record.
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https://www.cnbc.com/2022/01/06/us-weekly-jobless-claims.html
 
U.S. weekly jobless claims hold steady below pre-pandemic level; consumer spending rises

Initial claims for state unemployment benefits were unchanged at a seasonally adjusted 205,000 for the week ended Dec. 18, the Labor Department said.

A separate report from the Commerce Department on Thursday showed consumer spending, which accounts for more than two-thirds of U.S. economic activity, rose 0.6% last month.

Inflation increased further in November. The personal consumption expenditures (PCE) price index, excluding the volatile food and energy components, rose 0.5% after a similar gain in October.
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https://www.cnbc.com/2021/12/23/us-weekly-jobless-claims-unchanged-at-205000.html
 
That's good for the general well being of the country, but the stock market has been reacting to this potential for 20 months. So now it may start looking ahead to the the rate hikes that would normally follow a recovery. Give the Fed something to worry about, and the market will continue to climb that wall of worry. Smooth sailing means the Fed will put on the breaks. One or two hikes may be tolerated but history shows three rate hikes can stop a bull market. So, we don't want things to get too hot.

Happy Thanksgiving!
 
Economy is booming. Fourth quarter GDP accelerating nicely now- Just wait until the jobs from the last bill start appearing. We are doing great.


Sent from my iPhone using TSP Talk Forums
 
Re: Market News

Jobless claims little changed in potential sign that layoffs have hit a plateau

First-time jobless claims totaled 268,000 last week, a drop of 1,000 from the week before and ahead of the 260,000 estimate.

The total was in keeping with the past month, indicating that the labor market may be leveling off.

In a separate report, the Philadelphia Fed’s manufacturing index was much stronger than expected.
Click to expand...
https://www.cnbc.com/2021/11/18/us-jobless-claims.html
 
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