Tag Archives: unemployment

This is a breaking news story: Please check back for updates. The beleaguered U.S. labor market is absorbing a fresh wave of jobless workers, with 778,000 new unemployment claims filed in the latest week, as soaring COVID-19 infections lead states and cities to clamp down on public life. The Department of Labor released its weekly report on initial jobless claims Thursday morning at 8:30 a.m. ET. Here are the numbers compared to what Wall Street expected, according to consensus estimates… Source link

TipRanks Shift Into 5G Could Fuel a Rally in These 3 Stocks The tech world is in the midst of a shake-up. Since the end of 2017, the new 5G wireless technology has been moving forward, bringing with it a combination of faster connection speeds and lower latency, and the promise of great changes in how we connect to the online world. New technologies – connected automobiles and agile IoT come to mind – would not be possible without 5G.Investment research firm HSBC Global, in a recent report… Source link

Another 709,000 Americans filed for first-time unemployment benefits last week, marking another modest improvement in the number of those newly unemployed even as coronavirus cases in the U.S. continue to creep higher. The Department of Labor released its weekly report on new jobless claims Thursday morning at 8:30 a.m. ET. Here were the main results from the report, compared to consensus estimates compiled by Bloomberg: The Labor Department report showed an eleventh straight week that new… Source link

U.S. states saw another 751,000 Americans file first-time unemployment benefits last week, as still-elevated coronavirus case counts threaten to weigh on the pace of recovery in the labor market. The Department of Labor released its weekly report on new jobless claims Thursday morning at 8:30 a.m. ET. Here were the main results from the report, compared to consensus estimates compiled by Bloomberg: The Labor Department’s latest report reflected the tenth straight week that new jobless claims… Source link

New jobless claims unexpectedly dipped below 800,000 last week, but still remained historically high as hundreds of thousands of more Americans were put out of work during the ongoing pandemic. The U.S. Department of Labor released its weekly unemployment insurance claims report at 8:30 a.m. ET Thursday. Here were the main metrics from the report, compared to Bloomberg estimates: At 787,000 new jobless claims came in below 1 million for an eighth straight week, but at a level that still… Source link

TipRanks Raymond James Says These 3 Stocks Could Surge Over 100% From Current Levels Election day is just around the corner, and Wall Street is placing its bet on a Democratic sweep. Following the Presidential debate on September 29, the chance of a Biden victory has been increasing in the market.Since September 30, the S&P 500 has moved 5.5% higher. That said, the rotation into cyclicals and small-caps has been much more pronounced, with the Russell 2000 surging 8.5% over the same… Source link