All articles tagged with #joblessclaims
Originally Published 11 days ago — by ABC News
US unemployment benefit applications dropped below 200,000 last week, indicating low layoffs despite signs of a weakening labor market, with recent data showing mixed signals about job growth and economic health.
Originally Published 11 days ago — by AP News
US unemployment benefit applications dropped below 200,000 last week, indicating low layoffs despite signs of a weakening labor market, with recent data showing slower job creation and some company layoffs amid economic uncertainty.
Originally Published 24 days ago — by ABC News
US jobless claim applications decreased by 13,000 to 224,000 last week, indicating low layoffs and a healthy labor market despite concerns over recent job gains and economic uncertainties. The labor market remains resilient, though recent data and revisions suggest some weakening, with notable layoffs at major companies and a cautious Federal Reserve.
Originally Published 1 year ago — by Investor's Business Daily
U.S. stock markets showed mixed performance on Thursday following a Labor Department report indicating higher-than-expected jobless claims. The Dow Jones Industrial Average and S&P 500 saw slight declines, while the Nasdaq also edged lower. Nvidia's stock fell slightly, threatening its recent winning streak, while crypto-related stocks like Coinbase and MicroStrategy saw gains. The 10-year Treasury yield increased to 4.21%, and oil prices rose. Bitcoin surpassed $100,000 for the first time, boosting related stocks. Key earnings movers included Dollar General and Five Below, with the latter jumping nearly 15%.
Originally Published 2 years ago — by Reuters
U.S. jobless claims have dropped to a two-month low, indicating a gradual easing of the labor market. The decrease in claims, along with a reduction in continuing claims and an increase in private payrolls, suggests that the labor market remains relatively tight. Despite this, there is anticipation that the Federal Reserve may start reducing interest rates in March, as job openings have declined and layoffs in December were low. The overall labor market conditions are not signaling a recession but are showing signs of cooling after significant interest rate hikes by the Fed since March 2022.
Originally Published 2 years ago — by MarketWatch
U.S. weekly jobless claims dropped to a nearly three-month low of 202,000, down by 18,000 from the previous week, indicating the labor market remains strong despite economic slowdowns. The decrease in new claims, along with a slight drop in ongoing unemployment claims, suggests that while it's taking longer for people to find new jobs, the market is not significantly weakening. Economists are cautious about interpreting these figures due to seasonal hiring fluctuations and prefer to assess trends in February. The overall picture remains positive, with companies retaining workers amidst a labor shortage, and the stock market reacted favorably to the news.