The weekly initial jobless claims figure was the highest level in almost a year, nearing the threshold of 250,000 that in our view signals conditions for a possible recession. … READ MORE >
initial jobless claims
U.S. new home sales miss forecasts amid rising mortgage rates
New home sales fell below estimates in April as mortgage rates surged to above 7%, the Census Bureau reported on Thursday. … READ MORE >
Soft housing and manufacturing data fuels prospect of rate cut
Economic data on housing, manufacturing and jobs released on Thursday pointed to softer-than-expected economic activity in the second quarter. … 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 >
Existing home sales plunge amid stable jobless claims
March proved challenging for the housing market, as sales of existing homes plummeted by 4.3%, marking the steepest drop since November 2022. … READ MORE >
Initial claims reflect remarkable job security in American economy
First-time claims increased to 221,000 from an upwardly revised 212,000 during the previous week. … 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 >
Initial jobless claims and housing starts post upside surprises
Filings for jobless benefits fell last week to the lowest level in 16 months, a testament for how resilient the labor market continues to be. … READ MORE >
Initial jobless claims remain resilient
Initial jobless claims inched up slightly to 220,000 last week, remaining within the pre-pandemic level, the Labor Department reported on Thursday. … READ MORE >
Inflation slows again, pointing to another rate pause
The personal consumption expenditures price index, the Federal Reserve’s favorite inflation metric, was unchanged on the month, while the core measure rose by 0.2%. … READ MORE >