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 >
initial jobless claims
Jobless claims inch up while revised GDP shows softer growth
New filings for jobless benefits inched up to 198,000 last week from 191,000 the previous week, staying below the pre-pandemic level, according to government data released Thursday. Claims numbers have been consistently low recently, showing a resilient labor market where demand for labor ... READ MORE >
Initial jobless claims drop further
New claims for unemployment benefits inched lower than expected for the second month in a row last week, continuing to signal a tight labor market despite recent bank failures. Claims fell by 1,000 to 191,000, remaining below the pre-pandemic average and below expectations of a slight ... READ MORE >
Jobless claims and housing starts come in hotter than expected
Jobless claims and housing starts blew past forecasts in the most recent reports released Thursday, both showing stronger-than-expected results amid a looming economic downturn. New jobless claims fell by 20,000 last week to 192,000 following an unexpected spike in the previous week, ... READ MORE >
Initial jobless claims spike to highest level since December
New claims for jobless benefits last week came in hotter than expected at 211,000, significantly higher than the 190,000 of the previous week, the Department of Labor reported on Thursday. The increase was in line with expectations following a large number of high-profile layoff announcements ... 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 >
Initial jobless claims inch down amid tight labor market
New filings for jobless benefits inched down last week to 192,000, remaining below the pre-pandemic level where they have been since December, according to Labor Department data released on Thursday. That low level continues to suggest a strong labor market where companies hold on to their ... READ MORE >
Jobs and inflation data show a still-strong economy
Both producer inflation and jobless claims came in stronger than expected in the most recent government reports released on Thursday. The data adds further pressure on the Federal Reserve as it aims to steer the economy toward a soft landing. With strong data accumulating, current conditions ... READ MORE >
Jobless claims rise, but remain below pre-pandemic level
New jobless claims increased for the first time in six weeks, yet they remained under the pre-pandemic level despite a significant recent increase in layoff announcements. New filings for unemployment benefits increased by 7.1% to 196,000 for the week ending Feb. 4, the Labor Department ... READ MORE >
Initial jobless claims remain below the pre-pandemic level
New filings for jobless benefits continued to defy market expectations, falling to 183,000 last week from 186,000 a week earlier, the Bureau of Labor Statistics reported on Thursday. New jobless claims, which are a proxy for layoffs, remained below the pre-pandemic level of 218,000 for the fifth week ... READ MORE >