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Unemployment Claims

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DJIA Dips as Layoffs Surge and Hiring Slows
business28 days ago

DJIA Dips as Layoffs Surge and Hiring Slows

The Dow Jones declined about 0.6% as January planned layoffs jumped 118% year-over-year to 108,435—the highest since 2009—led by UPS and Amazon; hiring slowed to 5,306 new hires, while JOLTS showed 6.542 million job openings (below the 7.25 million expected). Initial jobless claims rose to 231,000 and continuing claims to 1.844 million, signaling softer labor conditions and weighing on the Dow, with tech names and the DIA ETF contributing to the declines.

via TipRanks|
#business#dow-jones#hiring
Labor market shows cracks as December JOLTS signals softer openings
economy29 days ago

Labor market shows cracks as December JOLTS signals softer openings

December JOLTS data show job openings fell to 6.5 million and the openings rate to 3.9%, while hiring rose only modestly to 3.3%, signaling softer demand for workers. The downturn is echoed by rising unemployment claims and notable layoffs, though some indicators (like Bank of America data) suggest pockets of improvement, leaving the labor market in a fragile stabilization phase that could influence Fed decisions.

via Axios|
#economy#job-openings#jolts
economy29 days ago

US unemployment claims rise to 231,000 in week ending Jan 31

US Labor Department data show seasonally adjusted initial unemployment claims rose to 231,000 in the week ending Jan. 31, up 22,000 from the prior week, with the 4-week moving average at 212,250. The insured unemployment rate held at 1.2% for the week ending Jan. 24, and the number of people receiving unemployment benefits rose to 1,844,000 (up 25,000). The figures indicate a modest uptick in layoffs but remain in a low, historically healthy range.

via Forex Factory|
#economy#jobless-benefits#labor-market
economy1 month ago

U.S. Jobless Claims Dip to 209,000 as Insured Unemployment Falls to 1.827 Million

Initial U.S. unemployment claims totaled 209,000 for the week ending Jan 24, down 1,000 from the revised prior week of 210,000. The four-week moving average rose to 206,250. The insured unemployment rate remained at 1.2% for the week ending Jan 17, with 1,827,000 people insured unemployed, down 38,000 from the previous week and the lowest level since Sept 21, 2024.

via Forex Factory|
#economy#insured-unemployment#labor-market
US Jobless Claims Drop to Lowest Since July, Indicating Labor Market Resilience
economy5 months ago

US Jobless Claims Drop to Lowest Since July, Indicating Labor Market Resilience

Despite fears of a slowing labor market, initial unemployment claims dropped significantly to 218,000, well below expectations, indicating resilience in the economy. This, coupled with strong GDP growth and increased consumer spending, suggests the economy remains solid even as the Federal Reserve considers further rate cuts. However, some sectors like housing show signs of recovery, and the labor market's overall health remains a key focus for policymakers.

via CNBC|
#economic-strength#economy#federal-reserve
US Jobless Claims Increase but Layoffs Remain Low
economy6 months ago

US Jobless Claims Increase but Layoffs Remain Low

U.S. unemployment claims rose to a two-month high of 335,000 due to seasonal adjustments, but actual new claims remain very low, indicating a stable labor market for those employed. However, the number of people collecting unemployment benefits increased, suggesting difficulty for job seekers. Economists believe hiring will remain sluggish until trade tensions ease and interest rates are potentially cut by the Fed, which has caused a decline in stock markets.

via MarketWatch|
#economic-slowdown#economy#fed-interest-rates
US Jobless Claims Increase but Layoffs Remain Low
economy9 months ago

US Jobless Claims Increase but Layoffs Remain Low

Despite a rise in initial unemployment claims to a five-week high, the data is largely seasonal and not indicative of rising layoffs, as most US companies continue to retain employees amidst ongoing trade tensions and legal disputes over tariffs. The overall job market remains stable, with low unemployment and steady hiring prospects, though trade disputes could slow future growth.

via MarketWatch|
#economy#job-market#trade-tensions
Nvidia Drops Amid Mixed Markets and Job Data Focus
stock-market1 year ago

Nvidia Drops Amid Mixed Markets and Job Data Focus

The Dow Jones Industrial Average saw slight gains amid a rise in unemployment claims, while Nvidia shares fell due to CEO Jensen Huang's planned stock sale. Biotech stocks Janux Therapeutics and LivaNova dropped below their 50-day moving averages, signaling a sell. Halozyme Therapeutics surged after raising its full-year outlook, and Robinhood jumped on acquiring Bitstamp. Lululemon soared on strong earnings, while Five Below fell on a weak outlook.

via Investor's Business Daily|
#biotech-stocks#dow-jones#earnings-reports