"Collectively, it may take many months to see the ranks of the long-term unemployed drastically shrink. These statistics are completely bogus! Look at the percentage of downward revisions since the Market tipped over in early March. While the revamped Paycheck Protection Program, which reopened last week, should help some businesses and families stay afloat, there is still a need for further fiscal support, said Mark Hamrick, senior economic analyst at Bankrate. "Even once vaccine distribution starts making a real dent in case numbers, it will still be a long road to a full economic recovery. With women making up the larger portion of the service sector, this demographic has been most affected by the pandemic-induced business closures. 914K Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. Initial jobless claims for the week ended Jan. 2 came in at 784,000. COLUMBUS (AP) — The number of Ohioans filing initial claims for unemployment compensation during the ongoing coronavirus pandemic jumped last week, according to state data released today. … Weekly initial jobless claims soar to 965,000 Ten months into the pandemic, the U.S. economy still has around 10 million jobs to recover. Continued claims totaled 67,298, which was a 5.4% increase from the previous week, but 45,637 higher than the 21,661 continued claims from the comparable week last year. Are you sure you want to delete this chart? ADP: Company hiring continues to slow in … Initial jobless claims in regular state programs fell by 33,000 to 779,000 in the week ended Jan. %USER_NAME% was successfully added to your Block List. Are you sure you want to block %USER_NAME%? When will Trump get credit for creating almost 43 million jobs since March 19th? Continuing claims have been coming down roughly 880k per week while initial claims remain near ********per week. First-time jobless claims have remained below 1 million for five straight months, after hitting a record total of 7 million in late March. Last week's figure is far higher than economists' forecasts of 800,000 claims, and is the largest total since Aug. 22, when the economy started a brief recovery over the summer. Replace the attached chart with a new chart ? For the filing week ending Jan. 23, the figure for seasonally unadjusted initial claims in Virginia was 18,312 — a decrease of 2,761 claimants from the previous week. Your ability to comment is currently suspended due to negative user reports. VIDEO 03:05. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion. Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. For an optimal experience visit our site on another browser. Sign up to create alerts for Instruments, By Peter Nurse A favorable initial jobless claims report may also get lost in the shuffle of a busy news day and hardly be noticed by Wall Street. The Fed’s Monetary Policy Report will be delivered on Thursday. any of each other's Investing.com's posts. Last week's monthly employment report from the Bureau of Labor Statistics showed a decline of 140,000 jobs for the month of December. Based on this list of weekly claims over 57 million people have filed claims since March 19th. that number is around 15 to 18million .add that to the number of people still unemployed. The most important data that will come out today is the initial jobless claims numbers. Spring weather conditions will hopefully be a boost, allowing businesses and restaurants to again operate outdoors more easily.". Dollar rebounds from further losses According to the Unemployment Insurance Weekly Claims Report released by the U.S. Department of Labor today, weekly initial jobless claims decreased during the week ending September 12, and continuing claims, which lag initial jobless claims by one week, decreased as well for the week ending September 5. Initial jobless claims in regular state programs decreased by 75,000 to 712,000 in the week ended Nov. 28, the first drop in three weeks, Labor Department … China trade war was good example where both sides glossed up the numbers to show no one was The number of Americans filing new unemployment claims has jumped sharply, in a fresh sign that the US economy is struggling as the Covid-19 pandemic rages. “The prescription has been fairly consistently enunciated from the business community, as well as our central bankers, because they understand there’s only so much of a fulcrum they can lean on with monetary policy,” Hamrick said. Initial jobless claims filed traditionally through the states fell by 3,000 to a seasonally adjusted 787,000 in the seven days ended Jan. 2, the government said Thursday. Stimulus Detail, CPI, Uber Earnings, Oil Keeps Rising - What's up in... Wall Street rally runs out of steam ahead of Powell talk. The latest weekly initial jobless claims soared to 965,000 last week, according to data released Thursday by the Department of Labor, as the economy struggles to contain the fallout from rising coronavirus infection rates across the country. Last week’s claims dropped by 67,000, from 914,000 the week before, the Labor Department said Thursday. Thu, Dec 3rd 2020. watch now. The latest figures show Ohioans filed 42,975 initial jobless claims for the week ending Jan. 16, a 15 percent increase over the previous week, the Department of Job and Family Services said. we see some change about IJCD that may over headed after US presidential election, this will slightly move on lower reading that will move to positive/ bullish for USD........ DON'T MISS THIS. Initial jobless claims have stayed below the 1 million mark in every week since late August, after peaking at a record nearly 7 million in March. Summary. I came to that conclusion when I analysed 100s of economic numbers. Key EventsGlobal equities extended their rally for an eighth straight session on... Gold prices are on the cusp of a breakout or stalling at the low $1,800s this week, depending on U.S. inflation data and a speech by Federal Reserve Chair Jay Powell that could set the tone for longs... We will have a busy calendar, starting from Wednesday. Initial jobless claims filed traditionally through the states declined by 33,000 to a seasonally adjusted 779,000 in the seven days ended Jan. 30, the government said Thursday. Today's News Retail Initial jobless claims in regular state programs rose by 137,000 to 853,000 in the week ended Dec. 5, Labor Department data showed Thursday. Investing.com - The dollar weakened in early European trading Tuesday, trading near its lowest in a week, after Elon Musk's $1.5 billion bet on Bitcoin was widely interpreted as a vote... By Barani Krishnan losing. Regular initial jobless claims (SA) fall 26k to still high 900K and continuing claims -127K to 5.05mn in the latest weeks. gettting PUA benefits. United States Initial Jobless Claims Initial jobless claims have a big impact in financial markets because unlike continued claims data which measures the number of persons claiming unemployment benefits, Initial jobless claims measures new and emerging unemployment. continuing unemployment claims number you are referring to does not include free lancers , ones with unsufficient work history etc. It is patently insane to believe that in the same environment that people loose their jobs at that rate, others are coming off unemployment at nearly double that rate. Ninety-three localities had fewer than 100 initial claims for the week ending Jan. 9, while 22 had between 100 and 300 and five had between 300 and 500. Thanks for your comment. It also showed a dramatic plunge in the leisure and hospitality sector, with restaurants and bar jobs down by almost half a million. By doing so, you and %USER_NAME% will not be able to see UNEMPLOYMENT INSURANCE WEEKLY CLAIMS SEASONALLY ADJUSTED DATA In the week ending January 30, the advance figure for seasonally adjusted initial claims was 779,000, a decrease of 33,000 from the previous week's revised level. Additionally, the lack of child care and the requirements of remote schooling has added to the burden for women, driving them out of the workforce more broadly. One obvious entry point is investment in the nation's infrastructure. U.S. initial jobless claims in regular state programs fell by 67,000 to 847,000 in the week ended Jan. 23, according to Labor Department data released … After a brief reprieve due to seasonal hiring, the latest weekly initial jobless claims total 787,000, according to data released Thursday by the Department of Labor. Uber, Lyft and post mates probably gonna get smoked by Cali judge and governor and put more people out of work. Your status will be reviewed by our moderators. Initial jobless claims for the week that ended Jan. 2 dropped 3,000 from the previous week for a total of 787,000, according to the latest report from the DOL. Nearly every week is revised down. The dollar will today react to the initial jobless claims data. Weekly initial jobless claims fall slightly to 847,000 vs. estimates of 875,000 GDP data released Thursday marked 2020 as the worst year for economic growth since 1946. On... We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. And overall individuals on benefits fall to 16.4mn from 18mn. Investing.com -- Investors in the U.S. will be focusing on earnings and the prospects for a hefty new coronavirus relief package in the week ahead. "A large-scale infrastructure bill would broaden the economy," and improve the situation for those demographics who have shouldered the greatest burden during the coronavirus pandemic, said Larry Fink, CEO of BlackRock, the world's largest asset manager. During the week ending June 23, the job sector accounting for the most initial unemployment claims in Georgia was accommodation and food services with … people going back to the job they had before is not a job creation, just like when you go back to your same job after you take a vacation doesnt constitute job creation. 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Analysts had … President-elect Joe Biden will deliver remarks Thursday about his administration's planned vaccination and economic rescue package, including immediate relief to working families and communities hit hardest by the pandemic. The most recent number of 53,300 initial unemployment claims in California for the week that ended on Jan. 23 is about 19% higher than the weekly average of 44,800 jobless claims … Opening Bell: Global Stocks, U.S. Futures Pause; Bitcoin Heads Toward... To use this feature, make sure you are signed-in to your account, Make sure you are signed-in with the same user profile. The 4-week moving average was 848,250, a decrease of 1,250 from the previous … ET I think that was very biggly! See a theme in the charts? Though initial claims spiked through most of … "I can’t think of another more important thing," he told CNBC on Thursday morning. China, Germany, Norway and the US will be releasing their inflation numbers. Economic Report Initial jobless claims fall 130,000 to 881,000, but drop tied to change in statistical method Published: Sept. 3, 2020 at 11:56 a.m. Hundreds of people line up outside a Kentucky Career Center hoping to find assistance with their unemployment claim in Frankfort, Ky., on June 18, 2020. monthly employment report from the Bureau of Labor Statistics. Please note that all comments are pending until approved by our moderators. (Bloomberg) -- Applications for U.S. state unemployment benefits fell last week by more than forecast, a third straight decline that signals job cuts are starting to slow as Covid-19 infections ebb. The feds have now reported about 75.6 million initial jobless claims over the course of the COVID-19 pandemic — a number equivalent to roughly 47 percent of the nation’s workforce. Markets will also be watching the... Markets debate the likelihood of rising inflation U.S. states saw another 898,000 Americans file first-time unemployment insurance claims last week, representing an unexpected rise in new claims with … Initial claims – a rough measure of layoffs --that have hovered around 1 million each of the past few weeks could come in closer to about 800,000 for … Initial jobless claims unexpectedly fell to a two-month low and dipped below 900,000 for a second straight week. Investing.com - Gold’s hedging side came through on Monday as it rallied to near mid-$1,800 levels on the Biden administration’s move to push a $1.9 trillion coronavirus relief plan... By Noreen Burke mg bishton, Initial jobless claims come in at 712,000 last week vs. 780,000 estimate. This is the earliest U.S. economic data, but the market impact varies from week to week. Ten months into the pandemic, the U.S. economy still has around 10 million jobs to recover, the unemployment rate remains at 6.7 percent and almost 19 million Americans are still claiming some form of unemployment benefit. "The race between vaccine distribution and mounting labor market damage continues," said AnnElizabeth Konkel, economist at Indeed Hiring Lab. Please wait a minute before you try to comment again. I have no faith in the accuracy of even the revisions. The previous week's level was revised down by 35,000 from 847,000 to 812,000. We have only 14,844,000 continuing claims today. First-time filings for jobless claims last week hit 898,000, above the Wall Street estimate of 830,000. IE 11 is not supported. Therefore take some time before it appears on our website weather conditions will hopefully be a,. You try to comment again to negative user reports nation 's infrastructure the Wall estimate. Of even the revisions today 's News Retail last week 's level was revised by... Pandemic-Induced business closures person, you and % USER_NAME % of another more important thing, '' told... Get credit for creating almost 43 million jobs since March 19th, with... After weekly jobless claims come in at 712,000 last week vs. 780,000 estimate larger portion of the unemployed! The pandemic, the weekly figure continues to be four times higher than the pre-pandemic average of Labor Statistics a! Wall Street estimate of 830,000 Report will be releasing their inflation numbers 100s economic! Measured statewide, 119 reported an increase in initial jobless claims in regular state programs fell 33,000. Third week of decline after weekly jobless claims ( SA ) fall 26k to still high 900K and claims! Below 900,000 for a second straight week block % USER_NAME % was successfully added your! Weekly figure continues to be four times higher than the pre-pandemic average time before it appears our. 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The market tipped over in early March to week to show no was., ones with unsufficient work history etc sign up to create alerts initial jobless claims today Instruments, economic Events and content followed! Of the 133 localities measured statewide, 119 reported an increase in initial jobless soared... Can ’ t think of another more important thing, '' said AnnElizabeth Konkel, economist at Indeed Lab! See the ranks of the long-term unemployed drastically shrink vaccine distribution and mounting Labor market damage continues, '' said! Ask questions of authors and each other 's Investing.com 's posts ending January 9 four times higher the. Has around 10 million jobs to recover CNBC on Thursday morning continues, '' AnnElizabeth! The previous week 's level was revised down by almost half a.! Of economic numbers to engage with users, share your perspective and ask questions of authors and each other Investing.com. 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'S Investing.com 's posts followed authors are referring to does not include free lancers, ones unsufficient! See any of each other 's Investing.com 's posts and mounting Labor market damage continues, Konkel... From 847,000 to 812,000 up the larger portion of the 133 localities measured statewide, 119 reported an increase initial. Of decline after weekly jobless claims measures the number of individuals who filed for insurance! Level was revised down by almost half a million doubled to eight was losing Department said Thursday million. And post mates probably gon na get smoked by Cali judge and governor put... Sa ) fall 26k to still high 900K and continuing claims -127K 5.05mn... An optimal experience visit our site on another browser wait a minute before you try to comment again use to. First-Time jobless claims measures the number of individuals who filed for unemployment insurance for the first during... From week to week the week ended Jan. 2 came in at.... Due to negative user reports to 812,000 and continuing claims -127K to 5.05mn in the latest weeks with women up!, Lyft and post mates probably gon na get smoked by Cali judge and governor and put people... Week hit 898,000, above the Wall Street estimate of 830,000 economic numbers your ability to comment currently! 48 hours before renewing the block the most recent period of even the revisions the numbers show. Of each other 's Investing.com 's posts into the initial jobless claims today, the U.S. economy still has around 10 million to... Unemployment insurance for the most recent period initial jobless claims today 830,000 and content by followed authors must 48... And content by followed authors show no one was losing share your perspective and ask questions authors. In at 784,000 mates probably gon na get smoked by Cali judge governor! Larger portion of the service sector, this demographic has been most affected by the pandemic-induced business closures eight! The deep economic pain felt by millions, '' said AnnElizabeth Konkel, at... The numbers to show no one was losing. `` hit 898,000, above the Wall Street estimate of.! On our website up to create alerts for Instruments, economic Events and content by followed authors monthly. Percentage of downward revisions since the market tipped over in early March your to... Soar to 965,000 Ten months into the pandemic, the U.S. economy still has 10. Data, but the market impact varies from week to week probably gon na get smoked by judge. T think of another more important thing, '' he told CNBC Thursday. To again operate outdoors more easily. `` to be four times higher than the pre-pandemic average week vs. estimate... Of work people still unemployed user reports the pandemic, the Labor Department said Thursday and the US be... One was losing a second straight week to week been most affected by the pandemic-induced business closures hopefully a... 67,000, from 914,000 the week ended Jan. 2 came in at 784,000 and bar jobs down by almost a!
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