New filings for unemployment benefits continued to climb last week, reaching 248,000 and nearing our threshold of 250,000 that suggests risk of a recession. … READ MORE >
continuing claims
Rising continuing claims and falling profits signal labor market strain
Since April, the number of continuing claims has broken the 1.9 million threshold twice, including last week—a level higher than any seen in 2019, before the pandemic. … READ MORE >
Initial jobless claims fall to lowest level since April
Initial jobless claims fell unexpectedly to 211,000 for the last week of December, the Labor Department reported on Thursday. … READ MORE >
Initial jobless claims climb amid holiday volatility
First-time claims for unemployment benefits increased to 224,000 Last week, in line with the 13-week moving average of 226,000. … READ MORE >
Morning market minute: The mystery of rising long-term unemployment
But there a mystery amid today’s strong labor market: Longer-term unemployment of greater than 27 weeks is on the rise. … READ MORE >
Jobless claims stabilize amid concerns over weak job gains
Initial claims last week rose by only 4,000, to 232,000, on a seasonally adjusted basis. Similarly, continuing claims for the week ending Aug. 8 increased by 4,000, to 1.863 million. … READ MORE >
Productivity continues to climb as investments take hold
The rebound of labor productivity in the second quarter is another sign of why the economy will continue to be on strong footing even as the labor market cools. … READ MORE >
Slower growth raises prospect of a Fed rate cut
Economic growth appeared much softer in the first five months of the year following the release of key economic data on Thursday. … READ MORE >
Initial jobless claims rise to the highest level since August
Our preferred metric of new claims—the 13-week moving average—rose slightly to 211,000, still below the pre-pandemic level. … READ MORE >
Initial jobless claims fall to lowest in a month
New claims fell by 12,000 to 201,000 for the week ending Feb. 17, according to the Labor Department’s data on Thursday. … READ MORE >