Jobless Claims

Editor’s Note: This article has been updated with additional content. Producer prices snapped back in May after an April decline, but the rebound fell short of sparking inflation concerns, suggesting tariffs and supply frictions have yet to bleed broadly into the economy. The Producer Price...

Wall Street is digesting a slew of economic data Thursday following updates on pending home sales, jobless claims and fourth quarter GDP estimates. Here's a look at the data and how the markets are reacting.  GDP: The second estimate released Thursday by the U.S. Bureau of Economic Analysis revised...

A hotter-than-expected September Consumer Price Index inflation report, combined with a surprising spike in weekly jobless claims, weighed on major stock indices in early New York trading Thursday, while sparking diverging performances among sectors. Technology and consumer discretionary stocks led...

U.S. retail sales soared by 1% month-over-month in July, sharply rebounding from stagnation in June and far outpacing the anticipated 0.3%, according to preliminary estimates released Thursday. At the same time, initial jobless claims fell short of expectations last week, signaling easing concerns...

New jobless claims fell last week in the U.S., showing a faster-than-expected decline and quelling fears of a U.S. ongoing economic slowdown. Continuing unemployment claims ticked higher than economists had predicted, signaling some persistence of a cooling trend in the U.S. labor market. Initial...

Weekly jobless claims rose in the week ending July 27 to a 2024 high. Is this a signal for the state of the labor market or simply noise? The Data: The U.S. Department of Labor released its weekly jobless claims report on Thursday, returning numbers worse than expected. The figure for seasonally-...

Signs of a cooling U.S. labor market are becoming more evident, increasingly reinforcing investor beliefs that the time has come for the Federal Reserve to lower interest rates. New unemployment benefits rose more than expected last week, while continuing jobless claims reached their highest levels...

Economic data released Thursday morning revealed slightly higher-than-expected weekly unemployment claims, sharp contractions in housing starts and building permits, and a drop in a business outlook survey within the Philadelphia Federal Reserve District. Thursday’s Economic Releases: Key...

Wall Street experienced a rude awakening the day after the Federal Reserve’s June policy meeting, as investors sold off risky assets and shifted to safer bonds and cash in response to the latest batch economic data. Although May’s producer inflation was lower than expected, reinforcing...

Inflation felt by U.S. producers rose less than expected on an annual basis in May, bolstering market optimism for a sustained decrease in price pressures throughout the economy, following a lower-than-anticipated consumer inflation report released on Wednesday. Simultaneously, the Labor Department...

The number of individuals filing for unemployment benefits soared more than predicted last week, suggesting emerging weaknesses in the labor market. Jobless claims rose from 209,000 to 231,000 for the week that ended on May 4, marking the highest level since August of the previous year, according...

To gain an edge, this is what you need to know today. Market Mechanics Surprise Please click here for a chart of SPDR S&P 500 ETF Trust (ARCA:SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows a sell-off yesterday. The chart...

To gain an edge, this is what you need to know today. Deploy Cash And Reduce Hedges This is a reminder of the prior calls to deploy cash and reduce hedges. Please see prior posts for details. New Historic High Please click here for a chart of SPDR Dow Jones Industrial...

As you know we were bearish in 2022 and turned bullish for subscribers near year-end 2022. We stayed bullish through 2023. While everybody was bearish expecting a recession at 2022 year-end, we were data dependent. Jobless claims and the GDP data were showing strength turning into 2023. I never...

To gain an edge, this is what you need to know today. Good News Please click here for a chart of oil futures. Note the following: The chart shows when Hamas attacked Israel. The fear was that Iran would open a second northern front against Israel, escalating the Middle East war. The...