Tag: US Initial Claims

US Initial Claims Surge; Manufacturing Data Mixed

Initial claims rose by 53,000 to a level of 898,000 in the October 10 week, well above expectations for a decline to 833,000. The four-week moving average for initial claims rose by 8,000 to 866,250 in the current week, the first increase after 10 straight declines, the Labor Department reported Thursday, based on state tallies. […]

US Initial Claims Slip Further, But Not Very Quickly

Initial claims fell by 9,000 in the October 3 week to a level of 840,000, above expectations for a level of 819,000, the Labor Department reported Thursday. While any decline is welcomed, the tight range in which initial claims remain suggests that little progress is being made in getting people back to work. The four-week […]

US August PPI Up; Food, Energy Down

US business prices rose by 0.3% in August, as expected, reflecting gains in trade services and the core components, offset by declines in food and energy prices. Even with the monthly gains, the Federal Reserve’s shift away from inflation concerns remains well founded. Price levels have barely moved from a year ago. Food prices were […]

US Initial Claims Fall on Technical Factors

US Initial claims fell by 130,000 in the August 29 week to a level of 881,000, well below the 958,000 level expected and the lowest since the pandemic began, however, the decline needs to be taken with a grain of salt due to technical issues. The Labor Department shifted to an additive seasonal factor from […]

US Initial Claims; Philly Fed Index, Disappoint

The future of the enhanced US jobless claims programme remains uncertain as talks between the Administration and Congress have gone silent, but new filings turned higher in the most recent week. At the same time, this week’s manufacturing conditions data have suggested a slower pace of expansion – and that’s in states where COVID cases […]

US Initial Claims Dip: Future Still Under Debate

As the US Congress and the White House continue to spar – or currently refuse to spar –  on the future of the enhanced jobless claims program, initial claims fell by 228,000 in the August 8 week to a level of 963,000. That level was well below expectations and the first reading below one million […]

US Initial Claims Rise, Congress Debates Next Step

As Congress debates how to deal with the end of July deadline for the extended jobless claims program, another 1.416 million initial claims were filed in the July 18 employment survey week, up 109,000 from the level in the previous week, but down from the 1.482 million level in the June 20 employment survey week. […]

US Initial Claims Slip, but Stay Above 1 Million

The pace of initial claims gains continues to astound, with COVID-19 cases surging in several states that are causing some restrictions to be put back into place. Initial filings fell further in the July 4 holiday week, but the weekly level of new claims remains well above one million more than three months after the […]

Profit & Loss is no longer publishing

Thank you for 21 great years of support