All articles tagged with #initial jobless claims
Initial jobless claims for the past week fell by 8,000 to 212,000, surpassing the expected 219,000, while continuing claims rose to 1.895 million. The four-week moving average increased to 218,500. The advance seasonally adjusted insured unemployment rate was 1.3%, up from the previous week's 1.2%.
US initial jobless claims came in at 218K, slightly lower than the 220K estimate, indicating a modest improvement in the labor market. However, forex traders should be aware of the high level of risk associated with foreign exchange trading and carefully consider their investment objectives and risk tolerance before engaging in such activities.
U.S. initial jobless claims rose by 25,000 to 214,000 in the latest week, signaling a pickup in jobless claims despite a 3.3% GDP growth. Stocks opened higher as investors digested the strong GDP report and other economic data.
US initial jobless claims for the current week came in at 220K, slightly below the estimated 222K. The 4-week moving average remained relatively stable. Continuing claims also decreased to 1.861M, below the estimated 1.910M. The figures suggest a positive trend in the labor market, with the possibility of strike workers returning to work contributing to the decline in continuing claims. The US jobs report is expected to be released tomorrow, with predictions of around 190K new jobs added.
The initial jobless claims for the week ending June 17 remained elevated at 264,000, while the four-week moving average for initial claims increased to 255,750. The continuing claims for the week ending June 10 decreased by 13,000 to 1,759,000, with the four-week moving average for continuing claims decreasing to 1,770,000. The steady reading of continuing claims suggests people are finding jobs relatively quickly after being let go. The expectations are for a 71% chance of a hike in July, but only a 19% chance of a second hike by November.