Tag Archives: continuing jobless claims

Initial jobless claims: a little soft, but continued expansion signaled  – by New Deal democrat I’ll put up an analysis of this morning’s CPI later. In the meantime, initial jobless claims rose 21,000 last week to 248,000. The more important 4 week moving average rose 2,750 to 231,000. With a one week delay, continuing claims declined -8,000 to 1.684 million: On an absolute level, all of this remains very good. The YoY% changes are more...

Initial jobless claims: a little soft, but continued expansion signaled  – by New Deal democrat I’ll put up an analysis of this morning’s CPI later. In the meantime, initial jobless claims rose 21,000 last week to 248,000. The more important 4 week moving average rose 2,750 to 231,000. With a one week delay, continuing claims declined -8,000 to 1.684 million: On an absolute level, all of this remains very good. The YoY% changes are more...

New jobless claims rise slightly, but continuing claims make another 50+ year low, May 12, 2022  – by New Deal democrat Initial jobless claims rose 1,000 to 203,000, continuing above the recent 50+ year low of 166,000 set in March. The 4 week average also rose by 4,250 to 192,750, compared with the all-time low of 170,500 set five weeks ago. On the other hand, continuing claims declined -44,000 to 1,343,000, yet another new 50 year low (but...

Jobless claims: yet another 50+ year low in continuing claims [Programming note: I’ll comment on the Q1 GDP report later]. Initial jobless claims declined -5,000 to 180,000, but above the recent 50+ year low of 166,000 set in March. The 4 week average rose 2,250 to 179,250, compared with the all-time low of 170,500 set three weeks ago. Continuing claims declined -1,000 to 1,407,000, yet another new 50 year low (but still well above their...

Yet another new 50+ year low in continuing jobless claims After 3 days of a data desert, today there is a cornucopia of data: not just initial claims, but housing starts and permits, and industrial production as well. On top of that, a large stretch of the yield curve in the bond market is close to inverting after yesterday’s Fed rate hike. I’ll report on housing and production later; below is the read on new and continuing jobless claims....

Jobless claims continue low, but lows for this expansion likely already past Initial claims (blue) rose 11,000 to 227,000 (vs. the pandemic low of 188,000 on December 4). The 4 week average (red) rose 500 to 231,250 (vs. the pandemic low of 199,750 on December 25). Continuing claims (gold, right scale) increased 18,000 to  1,494,000, (vs. 1,474,000 two weeks ago, which was the lowest number in over 50 years): We have probably seen the lows...

New 50+ year low in continuing jobless claims [Programming note: I will post about new home sales later this morning.]Initial claims (blue) declined 17,000 to 232,000 (vs. the pandemic low of 188,000 on December 4). The 4 week average (red) declined 7,250 to 236,250 (vs. the pandemic low of 199,750 on December 25). Continuing claims (gold, right scale) declined 112,000 to 1,476,000 (not just a new pandemic low, but the lowest number in over 50...

Initial and continuing jobless claims: 2022 starts out where 2021 left off The labor market in 2022 started out where it left off in 2021, as new claims increased slightly, by 7,000, to 207,000. The 4 week average of new claims increased 4.750 to 204,500: Readings this low haven’t been seen in half a century. Continuing claims for jobless benefits also rose slightly, by 36,000, to 1,754,000: Except for 2018-19, we haven’t seen continuing...

Initial and continuing jobless claims: the good news continues The good news for both initial and continued claims continued this week. Initial jobless claims rose 4,000 to 353,000 from last week’s pandemic low. The 4 week average of claims declined by 11,500 to 366,500, another new pandemic low: Significant progress in the decline of initial claims had stalled for the last 2 months, but that has ended.The story is the same for...