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US Weekly Jobless Claims Increase to 221,000
Initial applications for US unemployment benefits unexpectedly rose last week to the highest level since January at 221,000. Michael McKee reports on Bloomberg Television.
published: 04 Apr 2024
-
US Weekly Jobless Claims Increase to 229,000
Initial applications for US unemployment benefits unexpectedly rose last week, while US labor costs increased by less than previously reported. Michael McKee reports on Bloomberg Television.
Sign up for the Economics Daily newsletter to discover what's driving the global economy and what it means for policy makers, businesses, investors and you. https://bloom.bg/4535pfS
--------
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published: 06 Jun 2024
-
Jobless Claims Fall in Biggest Back-to-Back Drop Since September
Initial jobless claims decreased by 8,000 to 215,000 in the week ended May 18 after a similar drop in the prior period, marking the biggest back-to-back decline since September, according to Labor Department data released. The median forecast in a Bloomberg survey of economists called for 220,000. Mike McKee reports.
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published: 23 May 2024
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Initial Jobless Claims Fall to the Lowest Level in a Month
Initial jobless claims decreased by 12,000 to 201,000 in the week ending Feb. 17, according to Labor Department data. The median forecast in a Bloomberg survey of economists called for 216,000. Mike McKee reports.
For more on this story, please see: https://www.bloomberg.com/news/articles/2024-02-22/us-jobless-claims-decline-to-the-lowest-level-in-a-month
published: 22 Feb 2024
-
Initial jobless claims at 362,000 versus 335,000 estimate
CNBC's Rick Santelli joins "Squawk Box" to break down Thursday's latest economic data. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
Initial jobless claims climbed again last week, rising to 362,000, the Labor Department said Thursday, as hiring appeared to remain sluggish while the U.S. battles the delta variant.
Economists surveyed by Dow Jones had been expecting 335,000 new filings, the same number as the upwardly revised total from the previous week. A surge in claims from California helped account for much of the gains.
The seasonally adjusted total was the highest since the 377,000 for the week ended Aug. 7 and indicated that hiring may be slowing at a time when concerns are growing about the pace of the economic recovery and the i...
published: 30 Sep 2021
-
US Economy: Weekly Jobless Claims Jump Unexpectedly to 243,000
Initial applications for US unemployment benefits rose last week by 20,000, the most since early May, while continuing claims also saw an increase. Michael McKee reports on Bloomberg Television.
Sign up for the Economics Daily newsletter to discover what's driving the global economy and what it means for policy makers, businesses, investors and you. https://bloom.bg/4535pfS
--------
More on Bloomberg Television and Markets
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published: 18 Jul 2024
-
Jobless Claims Show Companies Eager to Keep Workers: Rhame
"Companies are very closely guarding their workers," FS Investments Chief US Economist Lara Rhame says while reacting to the latest US jobless claims report. First-time claims rose by 12,000 to 218,000 in the week ended Dec. 23.
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published: 28 Dec 2023
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US jobless claims rise to highest level in nearly a year
US initial jobless claims rose 243,000 last week, higher than what was expected and climbing higher from 223,000 the prior week. This marks the highest level of weekly jobless claims since August 2023.
Madison Mills crunches the numbers out from the US Department of Labor, with Bloomberg attributing the rise to seasonal factors like climate events and employment tweaks in the manufacturing industry. She goes on to discuss how the Federal Reserve is viewing recent upticks in the national unemployment rate.
#youtube #JOBS #unemployment
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published: 18 Jul 2024
-
US Jobless Claims Stay Elevated as Housing Starts Fall
US initial jobless claims declined by 5,000 to 238,000 in the week ending June 15, above the consensus estimate of 235,000. Housing starts decreased 5.5% to a 1.28 million annualized rate last month. Mike McKee reports.
Sign up for the Economics Daily newsletter to discover what's driving the global economy and what it means for policy makers, businesses, investors and you: https://bloom.bg/4535pfS
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published: 20 Jun 2024
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Initial jobless claims total 211,000
CNBC's Rick Santelli reports on initial jobless claims data. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
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published: 09 Mar 2023
1:45
US Weekly Jobless Claims Increase to 221,000
Initial applications for US unemployment benefits unexpectedly rose last week to the highest level since January at 221,000. Michael McKee reports on Bloomberg ...
Initial applications for US unemployment benefits unexpectedly rose last week to the highest level since January at 221,000. Michael McKee reports on Bloomberg Television.
https://wn.com/US_Weekly_Jobless_Claims_Increase_To_221,000
Initial applications for US unemployment benefits unexpectedly rose last week to the highest level since January at 221,000. Michael McKee reports on Bloomberg Television.
- published: 04 Apr 2024
- views: 3158
1:08
US Weekly Jobless Claims Increase to 229,000
Initial applications for US unemployment benefits unexpectedly rose last week, while US labor costs increased by less than previously reported. Michael McKee re...
Initial applications for US unemployment benefits unexpectedly rose last week, while US labor costs increased by less than previously reported. Michael McKee reports on Bloomberg Television.
Sign up for the Economics Daily newsletter to discover what's driving the global economy and what it means for policy makers, businesses, investors and you. https://bloom.bg/4535pfS
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https://wn.com/US_Weekly_Jobless_Claims_Increase_To_229,000
Initial applications for US unemployment benefits unexpectedly rose last week, while US labor costs increased by less than previously reported. Michael McKee reports on Bloomberg Television.
Sign up for the Economics Daily newsletter to discover what's driving the global economy and what it means for policy makers, businesses, investors and you. https://bloom.bg/4535pfS
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- published: 06 Jun 2024
- views: 1578
5:09
Jobless Claims Fall in Biggest Back-to-Back Drop Since September
Initial jobless claims decreased by 8,000 to 215,000 in the week ended May 18 after a similar drop in the prior period, marking the biggest back-to-back decline...
Initial jobless claims decreased by 8,000 to 215,000 in the week ended May 18 after a similar drop in the prior period, marking the biggest back-to-back decline since September, according to Labor Department data released. The median forecast in a Bloomberg survey of economists called for 220,000. Mike McKee reports.
Sign up for the Economics Daily newsletter to discover what's driving the global economy and what it means for policy makers, businesses, investors and you: https://bloom.bg/4bDyMaG
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https://wn.com/Jobless_Claims_Fall_In_Biggest_Back_To_Back_Drop_Since_September
Initial jobless claims decreased by 8,000 to 215,000 in the week ended May 18 after a similar drop in the prior period, marking the biggest back-to-back decline since September, according to Labor Department data released. The median forecast in a Bloomberg survey of economists called for 220,000. Mike McKee reports.
Sign up for the Economics Daily newsletter to discover what's driving the global economy and what it means for policy makers, businesses, investors and you: https://bloom.bg/4bDyMaG
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- published: 23 May 2024
- views: 3668
0:48
Initial Jobless Claims Fall to the Lowest Level in a Month
Initial jobless claims decreased by 12,000 to 201,000 in the week ending Feb. 17, according to Labor Department data. The median forecast in a Bloomberg survey ...
Initial jobless claims decreased by 12,000 to 201,000 in the week ending Feb. 17, according to Labor Department data. The median forecast in a Bloomberg survey of economists called for 216,000. Mike McKee reports.
For more on this story, please see: https://www.bloomberg.com/news/articles/2024-02-22/us-jobless-claims-decline-to-the-lowest-level-in-a-month
https://wn.com/Initial_Jobless_Claims_Fall_To_The_Lowest_Level_In_A_Month
Initial jobless claims decreased by 12,000 to 201,000 in the week ending Feb. 17, according to Labor Department data. The median forecast in a Bloomberg survey of economists called for 216,000. Mike McKee reports.
For more on this story, please see: https://www.bloomberg.com/news/articles/2024-02-22/us-jobless-claims-decline-to-the-lowest-level-in-a-month
- published: 22 Feb 2024
- views: 881
2:15
Initial jobless claims at 362,000 versus 335,000 estimate
CNBC's Rick Santelli joins "Squawk Box" to break down Thursday's latest economic data. For access to live and exclusive video from CNBC subscribe to CNBC PRO: h...
CNBC's Rick Santelli joins "Squawk Box" to break down Thursday's latest economic data. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
Initial jobless claims climbed again last week, rising to 362,000, the Labor Department said Thursday, as hiring appeared to remain sluggish while the U.S. battles the delta variant.
Economists surveyed by Dow Jones had been expecting 335,000 new filings, the same number as the upwardly revised total from the previous week. A surge in claims from California helped account for much of the gains.
The seasonally adjusted total was the highest since the 377,000 for the week ended Aug. 7 and indicated that hiring may be slowing at a time when concerns are growing about the pace of the economic recovery and the impact the pandemic may have heading into autumn.
Markets reacted little to the news, with stock futures pointing higher and government bond yields around flat.
The four-week moving average for weekly claims, which smooths volatility in the numbers, edged lower to 335,750.
Continuing claims, which run a week behind the headline weekly number, rose to 2.84 million, an increase of 131,000. The four-week moving average for continuing claims fell to 2.8 million, a drop of 15,750 and the lowest since March 14, 2020, the early days of the Covid-19 pandemic.
With enhanced unemployment benefits coming to a close, the total of those enrolled under all programs fell to 11.25 million, a drop of 856,440. A year ago, 26.6 million were receiving benefits under programs the government had developed to combat massive pandemic-related layoffs.
The rise this week likely reflects distortions left over from Hurricane Ida, according to Ian Shepherdson, chief economist at Pantheon Macroeconomics.
“The Ida effect should now fade from the numbers, but the seasonals are even more severe for the next couple weeks, so claims likely won’t return to their previous lows until mid-October,” Shepherdson wrote. “After that, the downward trend should resume as economic activity revs back up post-Delta.”
California saw 24,221 new claims, according to unadjusted numbers. Earlier this month, the state implemented a program in which those who had been cut off from enhanced aid could file for an additional week of benefits.
Virginia also saw a big rise, with 12,879 new filings. Hurricane-ravaged Louisiana saw a decline of 7,308.
A separate report Thursday showed that gross domestic product for the second quarter rose 6.7%, according to the third and final reading from the Commerce Department. That was slightly above the previous estimate of 6.6%, which also was the Dow Jones forecast for the final reading.
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https://wn.com/Initial_Jobless_Claims_At_362,000_Versus_335,000_Estimate
CNBC's Rick Santelli joins "Squawk Box" to break down Thursday's latest economic data. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
Initial jobless claims climbed again last week, rising to 362,000, the Labor Department said Thursday, as hiring appeared to remain sluggish while the U.S. battles the delta variant.
Economists surveyed by Dow Jones had been expecting 335,000 new filings, the same number as the upwardly revised total from the previous week. A surge in claims from California helped account for much of the gains.
The seasonally adjusted total was the highest since the 377,000 for the week ended Aug. 7 and indicated that hiring may be slowing at a time when concerns are growing about the pace of the economic recovery and the impact the pandemic may have heading into autumn.
Markets reacted little to the news, with stock futures pointing higher and government bond yields around flat.
The four-week moving average for weekly claims, which smooths volatility in the numbers, edged lower to 335,750.
Continuing claims, which run a week behind the headline weekly number, rose to 2.84 million, an increase of 131,000. The four-week moving average for continuing claims fell to 2.8 million, a drop of 15,750 and the lowest since March 14, 2020, the early days of the Covid-19 pandemic.
With enhanced unemployment benefits coming to a close, the total of those enrolled under all programs fell to 11.25 million, a drop of 856,440. A year ago, 26.6 million were receiving benefits under programs the government had developed to combat massive pandemic-related layoffs.
The rise this week likely reflects distortions left over from Hurricane Ida, according to Ian Shepherdson, chief economist at Pantheon Macroeconomics.
“The Ida effect should now fade from the numbers, but the seasonals are even more severe for the next couple weeks, so claims likely won’t return to their previous lows until mid-October,” Shepherdson wrote. “After that, the downward trend should resume as economic activity revs back up post-Delta.”
California saw 24,221 new claims, according to unadjusted numbers. Earlier this month, the state implemented a program in which those who had been cut off from enhanced aid could file for an additional week of benefits.
Virginia also saw a big rise, with 12,879 new filings. Hurricane-ravaged Louisiana saw a decline of 7,308.
A separate report Thursday showed that gross domestic product for the second quarter rose 6.7%, according to the third and final reading from the Commerce Department. That was slightly above the previous estimate of 6.6%, which also was the Dow Jones forecast for the final reading.
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- published: 30 Sep 2021
- views: 8632
1:23
US Economy: Weekly Jobless Claims Jump Unexpectedly to 243,000
Initial applications for US unemployment benefits rose last week by 20,000, the most since early May, while continuing claims also saw an increase. Michael McKe...
Initial applications for US unemployment benefits rose last week by 20,000, the most since early May, while continuing claims also saw an increase. Michael McKee reports on Bloomberg Television.
Sign up for the Economics Daily newsletter to discover what's driving the global economy and what it means for policy makers, businesses, investors and you. https://bloom.bg/4535pfS
--------
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https://wn.com/US_Economy_Weekly_Jobless_Claims_Jump_Unexpectedly_To_243,000
Initial applications for US unemployment benefits rose last week by 20,000, the most since early May, while continuing claims also saw an increase. Michael McKee reports on Bloomberg Television.
Sign up for the Economics Daily newsletter to discover what's driving the global economy and what it means for policy makers, businesses, investors and you. https://bloom.bg/4535pfS
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- published: 18 Jul 2024
- views: 2694
1:01
Jobless Claims Show Companies Eager to Keep Workers: Rhame
"Companies are very closely guarding their workers," FS Investments Chief US Economist Lara Rhame says while reacting to the latest US jobless claims report. Fi...
"Companies are very closely guarding their workers," FS Investments Chief US Economist Lara Rhame says while reacting to the latest US jobless claims report. First-time claims rose by 12,000 to 218,000 in the week ended Dec. 23.
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com
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https://wn.com/Jobless_Claims_Show_Companies_Eager_To_Keep_Workers_Rhame
"Companies are very closely guarding their workers," FS Investments Chief US Economist Lara Rhame says while reacting to the latest US jobless claims report. First-time claims rose by 12,000 to 218,000 in the week ended Dec. 23.
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- published: 28 Dec 2023
- views: 1992
3:50
US jobless claims rise to highest level in nearly a year
US initial jobless claims rose 243,000 last week, higher than what was expected and climbing higher from 223,000 the prior week. This marks the highest level of...
US initial jobless claims rose 243,000 last week, higher than what was expected and climbing higher from 223,000 the prior week. This marks the highest level of weekly jobless claims since August 2023.
Madison Mills crunches the numbers out from the US Department of Labor, with Bloomberg attributing the rise to seasonal factors like climate events and employment tweaks in the manufacturing industry. She goes on to discuss how the Federal Reserve is viewing recent upticks in the national unemployment rate.
#youtube #JOBS #unemployment
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https://wn.com/US_Jobless_Claims_Rise_To_Highest_Level_In_Nearly_A_Year
US initial jobless claims rose 243,000 last week, higher than what was expected and climbing higher from 223,000 the prior week. This marks the highest level of weekly jobless claims since August 2023.
Madison Mills crunches the numbers out from the US Department of Labor, with Bloomberg attributing the rise to seasonal factors like climate events and employment tweaks in the manufacturing industry. She goes on to discuss how the Federal Reserve is viewing recent upticks in the national unemployment rate.
#youtube #JOBS #unemployment
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
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- published: 18 Jul 2024
- views: 3871
2:15
US Jobless Claims Stay Elevated as Housing Starts Fall
US initial jobless claims declined by 5,000 to 238,000 in the week ending June 15, above the consensus estimate of 235,000. Housing starts decreased 5.5% to a 1...
US initial jobless claims declined by 5,000 to 238,000 in the week ending June 15, above the consensus estimate of 235,000. Housing starts decreased 5.5% to a 1.28 million annualized rate last month. Mike McKee reports.
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https://wn.com/US_Jobless_Claims_Stay_Elevated_As_Housing_Starts_Fall
US initial jobless claims declined by 5,000 to 238,000 in the week ending June 15, above the consensus estimate of 235,000. Housing starts decreased 5.5% to a 1.28 million annualized rate last month. Mike McKee reports.
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- published: 20 Jun 2024
- views: 1130
1:15
Initial jobless claims total 211,000
CNBC's Rick Santelli reports on initial jobless claims data. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
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https://wn.com/Initial_Jobless_Claims_Total_211,000
CNBC's Rick Santelli reports on initial jobless claims data. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
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- published: 09 Mar 2023
- views: 21783