Existing home sales fell in July to their lowest level since 2020 amid elevated mortgage rates as the Federal Reserve continued to hike interest rates. Sales dropped 5.9% to 4.81 million annualized, marking the sixth straight month of market contraction, the National Association of Realtors reported on ... READ MORE >
initial jobless claims
Initial jobless claims rise as producer inflation deflates for first time in 2 years
New claims for U.S. jobless benefits rose 5.6% in the first week of August to 262,000 as layoffs continued to pick up, according to Labor Department data released on Thursday. While there has been a clear upward trend in new unemployment claims, the number remained relatively low compared to the ... 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 >
Jobless claims in July continue rising layoffs trend
New filings for jobless benefits continued to beat market estimates to the upside, falling 1.9% to 256,000 for the week ending July 23. Given that the labor market is the main force keeping the economy from descending toward an economic trough, the initial jobless claims data released Thursday add ... 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 >
Latest jobless claims and producer inflation show upside surprises
New filings for jobless benefits last week rose by 3.8% to 244,000—the highest level since November, according to government data released Thursday. The steady increase in new jobless claims, which are a proxy for layoffs, were in line with hiring freezes and layoff announcements coming from the ... 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 >
Initial jobless claims rise to above pre-pandemic level
New filings for jobless benefits surged last week to above the pre-pandemic level for the first time in five months, the Department of Labor reported on Thursday. Behind the increase were a slowdown in hiring and an acceleration in layoffs in recent weeks. New claims for jobless benefits increased by ... READ MORE >
Chart of the day: Jobless claims fall amid tight labor market
Initial jobless claims fell by 5.2% last week to 200,000, a reflection of the continuing tight labor market as layoffs remain near a multidecade low, according to government data released Thursday. We remain confident that initial jobless claims have reached bottom in April. We expect a slow upward ... READ MORE >