Initial jobless claims last week remained unchanged at 264,000, a figure that exceeded expectations and suggested that the robust labor market is softening. … READ MORE >
initial jobless claims
Retail sales rise more than expected amid labor market softening
Retail sales rose more than expected in May, pointing to continued resilience in spending that might push a recession further down the road. The strong sales figure, though, was reported as layoffs continued to increase. … READ MORE >
Initial jobless claims spike to highest since 2021
Total new filings for jobless benefits rose to 261,000 last week, the highest since October 2021, the Labor Department reported on Thursday. … READ MORE >
Initial jobless claims inch up, yet labor market remains tight
Initial jobless claims inched up by 2,000 last week to 232,000, slightly lower than expectations, according to the Labor Department on Thursday. … READ MORE >
Jobless claims edge up but fraud spurs big downward revisions
New filings for jobless benefits increased slightly by 4,000 last week, but the more noteworthy change was a significant downward revision in the previous two reports from the Labor Department. … READ MORE >
Jobless claims drop as fraud claims are resolved
New filings for jobless benefits fell last week to 242,000 from 264,000, a sharp 8.3% drop, in part because of the resolution of fraudulent claims in Massachusetts. … READ MORE >
Jobless claims and producer inflation show mixed results
Initial jobless claims rose by 9.1% last week to 264,000, the most since 2021 as producer prices rebounded in April, largely because of comparisons to the surging prices a year ago. … READ MORE >
Initial jobless claims post largest increase in six weeks
Initial jobless claims last week rose back up to 242,000 after a brief one-week drop, the Labor Department reported on Thursday. … READ MORE >
Initial jobless claims rise amid labor market slowdowns
New claims, which are a proxy for layoffs, increased by 2.1% to 245,000 for the week ending April 15—about 12.9% higher than a year ago. … READ MORE >
Jobless claims and producer prices point to a further slowdown
For the Federal Reserve, the new data bolstered the case that it will pause its rate increases after one final hike in this cycle on May 3. … READ MORE >