"I would the downplay the spike in initial unemployment claims this morning. The seasonal adjustments are very tricky at this time of the year. The continuing claims data looks more concerning, however." Peter Berezin, BCA Research
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Applications for US unemployment benefits fell by 1,000 to 219,000 last week, while continuing claims rose to 1.91 million, the highest in over three years. Joseph Brusuelas, chief economist at RSM, examines the data https://trib.al/BM9KdCP
US Weekly Jobless Claims Fall Below Estimates at 219,000
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Applications for US unemployment benefits fell by 9,000 to 211,000 last week, capping 2024 at an eight-month low, while continuing claims fell to a three-month low of 1.84 million. Anna Wong reports https://trib.al/G86jNxZ
US Weekly Jobless Claims Slide to Eight-Month Low
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While the decline in U.S. unemployment claims is encouraging, the rise in continuing claims signals that the road to recovery is still bumpy. Let's keep the conversation going about how we can support those still in need. Every step counts! Read more: https://lnkd.in/di7j6y4D #UnemploymentClaims #EconomicChallenges #JobMarket #EmploymentTrends #USEconomy #LaborMarket #JoblessClaims #EconomicRecovery #WorkforceDevelopment
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Applications for US unemployment benefits unexpectedly rose by 9,000 to 224,000 last week, while continuing claims fell to 1.87 million. Michael McKee breaks down the numbers https://trib.al/HM4TvgN
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We are witnessing a surprising surge in the number of unemployment benefit claims, despite a growing economy. Check out our latest blog post to delve into this phenomenon. Read more at https://ift.tt/inOMa3d.
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Applications for US unemployment benefits fell by 10,000 to 201,000 last week, falling to the lowest since February. Michael McKee reports https://trib.al/Z7JQl75
US Initial Jobless Claims Fall to Eight-Month Low to End 2024
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U.S. Unemployment Claims tonight 9:30pm GMT+8 what is it? The number of individuals who filed for unemployment insurance for the first time during the past week. Released weekly, usually on the first Thursday after the weekend. This is the nation's earliest economic data. The market impact fluctuates from week to week - there tends to be more focus on the release when traders need to diagnose recent developments, or when the reading is at extremes. why traders care? Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy. Goodluck for those who will trade with this news later, and for those who want to start their trading journey you can DM me and I will assist you! #Forex #Trading #Financialmarket
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Did you know that the unemployment rate is actually higher now than it was last year at this time? See the comparisons, plus new highlights from the People Corporation 2024 Federal Budget infographic: https://hubs.ly/Q02vbkyG0 #federalbudget #budget2024 #canadianfederalbudget
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States Where Unemployment Claims Are Increasing the Most – Updated WalletHub Study - https://lnkd.in/gemxZNU5 Follow #citybiz on LinkedIn - https://lnkd.in/eBgXKiz8 WalletHub #WalletHub #internet #informationtechnology #unemployement #Claims
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📊 UK Unemployment Hits New Highs Amid Economic Uncertainty The Office for National Statistics 📈 reports a rise in the UK unemployment rate to 4.4%, the highest since late 2021, with over 1.5 million unemployed. Workforce numbers fell by 139k, totaling 32.97 million, partly due to ill health, and job vacancies dropped by 12k to 904k. Despite the labor market cooling, wage growth remains strong 💷, complicating hopes for an early rate cut from the Bank of England. The pound reacted with a drop 📉, highlighting market sensitivity. Curious about the full impact on the UK economy? Read the full report to see the details and upcoming key economic events. #Economy #Unemployment #UKJobs #WageGrowth #BankOfEngland #EconomicUpdate #FinancialNews
Market Update 11/06/2024 - UK Unemployment rises
Market Report - 11/06/2024 — Abacus FX
abacusfx.com
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