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 >
continuing claims
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 >
Initial jobless claims rise to eight-month high
New filings for jobless benefits rose more than expected last week to an eight-month high of 251,000, continuing to show signs of increases in layoffs amid an economic slowdown. That was also the seventh week in a row that new jobless claims stayed above the pre-pandemic average, government data ... READ MORE >
Initial jobless claims remain above pre-pandemic level
New filings for jobless claims exceeded the pre-pandemic level for the third week in a row as labor demand eased while more stories of companies laying off workers made headlines. New claims inched down by only 0.9% last week, to 229,000, from an upwardly revised 231,000 in the prior week, according to ... READ MORE >
Initial jobless claims exceed pre-pandemic level for second straight week
New filings for jobless benefits last week stayed above the pre-pandemic level for the second week in a row, continuing to signal a resurgence in layoffs as economic activity slowed. With more companies announcing layoffs recently, we expect the upward trend in new jobless claims to continue. There ... READ MORE >
Chart of the day: Initial jobless claims lowest since 1969
New filings for U.S. jobless benefits last week dropped to the lowest point since 1969 as the tight labor market showed no sign of cooling. The number of new claims fell to 187,000 from 215,000 in the prior week, significantly below the pre-pandemic level in 2019 of 218,000, according to government ... READ MORE >