According to the latest U.S. Department of Labor (DOL) report released on Thursday, the number of new unemployment insurance applications in the United States rose to 218,000 for the week ending July 26, slightly above the previous week’s figure of 217,000. The print came in below market expectations of 224,000. …
Read More »U.S. Jobless Claims Report: Initial Claims Fall, Continuing Claims Rise
The latest data from the U.S. Department of Labor (DOL) released on Thursday showed a mixed picture of the labor market, with Initial Jobless Claims falling slightly, while Continuing Jobless Claims edged higher. For the week ending July 12, the number of new applications for unemployment insurance dropped to 221,000, …
Read More »U.S. Jobless Claims Fall, but Continuing Unemployment Claims Rise
The number of U.S. citizens filing new applications for unemployment insurance decreased to 236,000 for the week ending June 21, as reported by the U.S. Department of Labor (DOL) on Thursday. This figure came in lower than both initial estimates and the previous week’s revised total of 246,000 (which had …
Read More »U.S. Initial Jobless Claims Fall as Dollar Weakens Ahead of FOMC Decision
New applications for unemployment insurance in the United States dropped to 245K for the week ending June 14, according to the U.S. Department of Labor (DOL) on Thursday. This figure matched initial estimates and was a decrease from the previous week’s revised tally of 250K (revised from 248K). The report …
Read More »U.S. Jobless Claims Jump to Two-Month High Amid Signs of Labor Market Softening
The number of Americans filing for new unemployment benefits rose sharply last week, reaching a two-month high, according to Labor Department data released Thursday. However, the surge is largely attributed to seasonal factors, particularly school spring breaks in New York state, and may not yet signal a broader deterioration in …
Read More »U.S. Jobless Claims Decline, Indicating Continued Labor Market Strength
Initial Jobless Claims in the U.S. fell to 220K, coming in below expectations and marking a slight decrease from the previous week’s revised 222K figure, according to the U.S. Department of Labor (DOL). Key Labor Market Data: Initial Jobless Claims: 220K (vs. 221K expected, prior revised to 222K). Continuing Jobless …
Read More »US Rate Preview: How could financial markets react to last FOMC decision in 2024?
The Fed will likely move ahead with another 25-basis point cut at its December meeting. The Federal Reserve’s last meeting in 2024 is poised to be a pivotal moment in the ongoing economic battle against inflation in the United States. As the US central bank prepares to deliver its final …
Read More »U.S. Unemployment Claims Decline, But Long-Term Joblessness Persists
The number of Americans filing for unemployment benefits continued to decline last week, signaling a rebound in labor market conditions. However, persistent long-term joblessness among laid-off workers underscores ongoing challenges in the job market, which could influence the Federal Reserve’s interest rate decisions in December. Key Data Highlights Initial Unemployment …
Read More »U.S. Jobless Claims Decline, But Storms and Strikes Cloud Labor Market Outlook
The number of Americans filing new claims for unemployment benefits fell more than expected last week, suggesting that the labor market remains resilient despite recent challenges. However, the broader employment picture remains unclear, with the ongoing effects of recent hurricanes and industrial strikes potentially distorting the data in the coming …
Read More »Wall Street Opens Mixed Following US Economic Data
Wall Street’s main indexes were mixed on Thursday after data showed strong service activity in the world’s largest economy, while cautious investors watched for any escalation in the Middle East conflict.The benchmark S&P 500 pared losses after the Institute for Supply Management survey showed service sector activity, which makes up …
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