Initial jobless claims above 300K for third week

Initial jobless claims above 300K for third week

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Initial jobless claims above 300K for third week The Initial Jobless Claims Report reflects the number of people who filed an initial claim for unemployment benefits during the prior week, so the report reflects growth or shrinkage in this. Find out what works well at Newbold Advisors from the people who know best.

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The big spike in weekly jobless claims has reduced itself down from a peak of 474,000 three weeks ago to 409,000 last week. We are still significantly above the trend from earlier in the year that had initial jobless claims in the 380K range, however: In the week ending May 14, the advance figure for seasonally adjusted initial claims was.

Graph and download economic data for 4-Week Moving Average of Initial Claims (IC4WSA) from 1967-01-28 to 2019-09-07 about moving average, initial claims, 1-month, average, and USA.

After 4 weeks missing expectations (and 3 above the crucial 300k mark), initial jobless claims totally and iutterly collapsed last week. printing 265k (beating the 300k expectation by the most in years), the 13.9% drop WoW was the biggest since September 2005!!! This is the lowest initial claims data since the financial crisis and in fact the lowest since April 2000.

There was a bump last week in initial unemployment claims, interrupting an otherwise encouraging trend, but the new data points in the right direction. Jobless claims improve, drop below 300k.

Meanwhile, investors also were paying attention to the Fed’s intervention in money markets, with the New York Federal Reserve.

Any reading above zero. U.S. initial jobless claims rose 2,000 to 208,000 in the seven days ended Sept. 14, the government.

NEW YORK (CNNMoney) — First-time filings for unemployment claims jumped last week, coming in above the key 400,000 level for the third straight week, according to a government report Thursday. The.

U.S. weekly jobless claims rise less than expected. The four-week moving average of initial claims, considered a better measure of labor market trends as it irons out week-to-week volatility.

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