Tag Archives: jobless

New weekly jobless claims held below 300,000 for a back-to-back week as labor market conditions trudged back toward pre-pandemic levels.   The Labor Department released its jobless claims report Thursday morning. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg: Initial unemployment claims, week ended October 16: 290,000 vs. 297,000 expected and a revised 296,000 during prior week Continuing claims, week ended October 9: 2.481… Source link

U.S. employers likely hired at a stronger rate in September after a disappointing August, with more individuals returning to the workforce as new coronavirus infections slowed and other pressures on the labor market at least temporarily abated. The Labor Department is set to release its September jobs report Friday morning. Here are the main metrics expected from the report, compared to consensus estimates compiled by Bloomberg: Change in non-farm payrolls, September: +500,000 expected,… Source link

Stock futures opened slightly to the upside Wednesday evening as investors awaited more earnings and data on the labor market’s recovery.  Contracts on the S&P 500 traded a tick above the flatline. The blue-chip index had ended the day in the red, pulling back from Tuesday’s record closing high. The Dow also ended lower, while the Nasdaq eked out a higher close.  Some of the closely watched companies that reported earnings results after market close on Wednesday disappointed relative to Wall… Source link

Futures ticked higher in Wednesday’s after-hours session, with investors looking to earnings and data for impetus to extend a 2-day rally that wiped out losses sustained during the worst trading day of 2021.  During the regular session, stocks rode a 2-day hot streak, calibrating a resurgence of COVID-19 cases against a red-hot economic expansion that continues to gain momentum. In the process, strong earnings have helped the market heal from Monday’s pandemic-inspired meltdown, with… Source link

Stock futures opened slightly higher Wednesday evening following a muted session earlier in the day, with the three major indexes ending mixed ahead of another batch of key economic data this week.  Contracts on the S&P 500 and Dow steadied after both indexes ended Wednesday’s session lower. Nasdaq futures gained after the index rose for a third straight session and set fresh intraday and record highs. Technology stocks have outperformed this week, with traders jumping back into the growth… Source link

On Saturday, the $380 in weekly jobless benefits Robyn Gregorieff and her husband had depended on for basic needs is getting slashed by 79%, leaving the couple with just $80 a week to live on. She would have been entitled to the larger amount until September if her home state of Alaska didn’t cancel federal unemployment programs early due to mounting concerns over labor shortages. “It makes no sense because the federal government is paying that,” the 43-year-old Gregorieff told Yahoo… Source link

U.S. states saw the fewest new unemployment claims since March 2020 last week, with initial filings down for a sixth straight week as economic activity picked up further.  The Department of Labor released its weekly report on new jobless claims on Thursday at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus data compiled by Bloomberg: Initial jobless claims, week ended June 5: 376,000 vs. 370,000 expected and an unrevised 385,000 last week  Continuing claims,… Source link

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Wall Street benchmarks advanced on Thursday, with investors reacting to jobless claims falling to a new COVID-19 era low, but wary of rising inflation may force the Federal Reserve to normalize monetary policy sooner rather than later.   Good news on the labor market came from government data that showed workers filing for new unemployment benefits fell further below 500,000 in the latest week. Jobless claims set their lowest levels in more than a year as the labor market continued to heal… Source link

Workers filing for new unemployment benefits fell to a new pandemic-era low in the latest week, hitting their lowest levels in more than a year as the labor market continued to heal from the worst days of the COVID-19 outbreak.  The Department of Labor released its weekly report on new jobless claims Thursday at 8:30 a.m. ET. Here were the main metrics expected from the report, compared to consensus data compiled by Bloomberg: Initial jobless claims, week ended May 15: 444,000 vs. 450,000… Source link