New home sales fell below estimates in April as mortgage rates surged to above 7%. The data, released by the Census Bureau on Thursday, pointed to a disappointing month for housing sales, following the drop in April’s existing home sales released on Wednesday. The rebound in inflation in the first ... READ MORE >
layoffs
Initial jobless claims tick up in a still-tight labor market
Initial claims inched up last week as the impact of the United Auto Workers strike remained muted. New filings increased by 2,000 to 207,000 for the week ending Sept. 30, lower than the median forecasts of 210,000, according to Labor Department data released Thursday. That continued to suggest a ... READ MORE >
Tech layoffs calm, but tech jobs still take a hit
Artificial intelligence advancements continue to be a primary source of optimism for the technology ecosystem and a partial counterbalance to challenges in media and entertainment. Employment data released Friday reflects not only that optimism, but also that wages in the industry are stabilizing ... READ MORE >
Initial jobless claims highest since November 2021
Initial jobless claims last week were unchanged at 264,000, remaining at their highest level since November 2021 as the robust labor market showed signs of softening. The data, reported by the Labor Department on Thursday, suggested that the previous spike in new filings for jobless benefits ... READ MORE >
Initial jobless claims post largest increase in six weeks
Jobless claims last week rose back up to 242,000 after a brief one-week drop, the Labor Department reported on Thursday. The increase underscored the upward trend in new filings for jobless benefits as the labor market continued to soften. New claims have remained consistently above the pre-pandemic ... READ MORE >
Job openings and factory orders soften amid recession concerns
Job openings and factory orders came in lower than expected on Tuesday, continuing to show signs of softening economic demand that should work in the Federal Reserve's favor in fighting inflation. When the new data is combined with softer economic data released recently, the risk of a ... 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 >
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 >