New filings for jobless benefits spiked by 28,000 last week, another sign of a softening labor market. Total new filings rose to 261,000, the highest since October 2021, the Labor Department reported on Thursday. There were no distortions to the report like the fraudulent claims in ... READ MORE >
continuing claims
Initial jobless claims inch up, yet labor market remains tight
Initial jobless claims inched up by 2,000 last week to 232,000, slightly below expectations, according to the Labor Department on Thursday. The data pointed to more softening in the labor market based on our preferred metric of the long-term trend—the 13-week moving average. But the upward ... READ MORE >
Jobless claims and producer inflation show mixed results
Initial jobless claims rose by 9.1% for the week ending May 6, to 264,000, the most since 2021, the Labor Department reported on Thursday. The rise came as the Labor Department also reported the producer prices bounced back in April, in part because of favorable comparisons to surging prices of ... READ MORE >
Initial jobless claims post largest increase in six weeks
Jobless claims last week rose back up to 242,000 after a brief one-week drop, the Labor Department reported on Thursday. The increase underscored the upward trend in new filings for jobless benefits as the labor market continued to soften. New claims have remained consistently above the pre-pandemic ... READ MORE >
Initial jobless claims rise amid labor market slowdowns
New filings for jobless benefits rose for the third straight week to a near 18-month high, adding more signs of a slowdown in the labor market, one of the last defenses against a recession. New claims, which are a proxy for layoffs, increased by 2.1% to 245,000 for the week ending April ... READ MORE >
Jobless claims and producer prices point to a further slowdown
New data on the labor market and inflation released on Thursday continued to show a slowing economy as it heads to a likely recession. For the Federal Reserve, that data bolstered the case that it will pause its rate increases after one final hike in this cycle on May 3. Whether to have that ... READ MORE >
New jobless claims fall again amid strong labor market
Initial claims for unemployment benefits inched down further last week, remaining near a multi-decade low amid a persistently tight job market. New claims dropped by 2,000 to 190,000 for the week ending Feb. 24, lower than the pre-pandemic average of 218,000, according to Labor Department ... READ MORE >
Jobless claims show an uptick in layoffs
New filings for jobless claims inched up by 1.8% last week to 230,000, remaining above the pre-pandemic level for the fifth week in a row. There is no doubt that the labor market has been slowing down as more companies reassess their hiring plans. It has also become clear that the bottom in initial ... READ MORE >
Jobless claims show that jobs remain plentiful
First-time claims for unemployment benefits declined to 232,000 for the week ending Aug. 27 as continuing claims increased modestly to 1.438 million from a revised 1.412 million for the week ending Aug. 20. From our vantage point, it would appear that the pace of firings is settling into a pace ... READ MORE >
Initial jobless claims rise amid labor market slowdown
Initial jobless claims ticked up last week, continuing their gradual rise since April as layoffs began to increase. New claims for jobless benefits rose by 2.4% to 260,000 for the week ending July 30 after a brief decline in the prior week, according to government data released on Thursday. The ... READ MORE >