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Initial Jobless Claims came in 4K above expectations at 229K on a seasonally adjusted basis; up from last week’s 223K. This is near the upper end of the range jobless claims have been in for the past few months. It has also now been two months since claims last hit a new low of 200K. On the other hand, this week marks the 210th week that claims have come in below 300K.
Initial jobless claims above 300K for third week Weekly Initial Jobless Claims Decrease from Prior Week – above fair value. Just in, the latest weekly initial jobless claims count totaled 214,000, while the Briefing.com consensus expected a reading of 213,000.
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Truly remarkable, these Initial Jobless Claims. Week after week we see a further melting of the American populace in need of a payout while seeking a new job. During the digging out from the Great.
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Last week’s reading on initial jobless claims came in at 220K (revised up to 221K) which was above the past several weeks’ range. This week’s claims data fell back to the opposite end of this range with a 209K print. This handily beat expectations of a drop to only 216K and was the largest one-week decline in claims since the first week of July when it fell by 14K.
Not only was this 3.3K lower than the comparable week last year but was also the lowest reading for any given week of the current cycle. Even more impressive, this was the lowest reading for the NSA data in just under 50 years. The last time NSA initial jobless claims were at or below 159.3K was back on October 18th, 1969 when the number was 155K.
Fed Gov. Powell: Nothing is decided with interest rates President Trump on Monday urged the Federal Reserve not to raise interest. Powell, whom Trump appointed to the top job just over a year ago after he decided not to reappoint former Fed chair Janet.
Last week’s reading on initial jobless claims came in at 220K (revised up to 221K) which was above the past several weeks’ range. This week’s claims data fell back to the opposite end of this range with a 209K print.
Initial Claims now 55 Consecutive Weeks below 300K, the Longest Streak Since 1973 Filip Blazheski Initial claims increased modestly th(6K) in week ending March 19 Continuing claims thfor week ending March 12 decreased 39K compared to prior week Growth in insured unemployment Continuing Claims (LHS)in oil and gas-exposed states has.