Tag: jobless claims

US Sept Payrolls Up; Unemployment 7.9%

The September employment report Friday showed solid, but softer than expected payrolls improvement and a modest increase in hourly earnings. A sharp drop in local education payrolls was a key factor. At the same time, the unemployment rate fell modestly in the month to 7.9%, still elevated compared to the pre-COVID rate of 3.5% in […]

August Housing Starts Slow Due to Drop in Multi-Family

The US August home building data, released Thursday, were weaker than expected. However, the data represent the shift toward single-family homes and away from condos and apartments as buyers seek more space and larger homes since the COVID-19 quarantines. The pace of housing starts fell by 5.1% to a 1.416 million annual rate, well below […]

US June Payrolls Rise: Unemployment Rate 11.1%

The US June employment report showed further, though measured, improvement, reflecting continued state re-openings. The sharp payrolls decline the Labor Department reported Thursday leaves a big hole to climb out of, and that recovery is likely to be hindered by the rebound in Covid-19 cases across several states. In many of those areas, businesses were […]

Data Preview: After Partial Recovery in May; Focus Turns to June

After solid improvement in the May US data released over the last two weeks, the focus in the coming week turns to the early-June regional conditions data. June readings from the New York Fed and Philadelphia Fed released this previous week indicated continued improvement, with the Philadelphia Fed’s reading indicating positive growth in the region […]

US Initial Jobless Claims Remain High

The level of initial jobless claims fell modestly in the April 4 week, but the current week’s total lifted the number of new claims filed over the last three weeks to 16.780 million, the Labor Department reported Thursday. The level of initial claims fell by 261,000 to a still very high 6.606 million in the […]

Data Flash: US Initial Claims Spike, Backlogs to Maintain Flow

Initial Claims Double from Previous Week to Record 6.648 Mln Continuing layoffs and administrative backlogs will lift initial claims to new record highs for the next several weeks before the flow of new filings finally slow. This week, the level of new claims was double last week’s, adding to the overall number receiving benefits. The […]