Initial claims for unemployment in regular state programs fell by 9,000 to 376,000 in the week ended June 5, the Labor Department announced today, June 10. The median estimate among economist surveyed by Bloomberg called for a drop to 370,000 new claims. Continuing claims for ongoing state benefits fell by 258,000 in the week ended May 29, the biggest drop since mid-March, to 3.5 million.
This morning, May 27, the Department of Labor announced that new claims for unemployment in regular state programs fell to 406,000 for the week ended on May 22. Economists surveyed by Bloomberg had expected initial claims of 425,000 for the week. Initial claims in the prior eek were 444,000.
444,000 Americans filed new claims for unemployment in regular state programs for the week, the Labor Department reported today. That’s the third consecutive weekly decline in initial claims for unemployment. New claims in regular state programs are now at the lowest level since the middle of March 2020. Last year at this time weekly new claims for unemployment in regular state programs hit 2.3 million.
Initial claims for unemployment in regular state-run unemployment programs fell to 576,000 last week. Economists had projected 710,000 new claims for the week.
The number of workers filing new claims for unemployment unexpectedly jumped for the week ended March 27. The rise to 719,000 initial claims for unemployment was a surprise after last week when the total dropped to a revised 658,000. That was the lost weekly total since the pandemic shutdowns started in March 2020.
This morning, March 25, the Labor Department reported that new claims for unemployment in regular state programs fell to 684,000 last week. Economists surveyed by Dow Jones had expected 735,000 new claims. In the previous week workers filed 781,000 new claims. This is good news. The drop of 97,000 is another sign that the U.S. economy is marching into a post-vaccine recovery. (We’ve still got a long, long way to go: The total number of claims for all types of unemployment benefits was 18.95 million for the week ended March 6.) So shouldn’t stocks have moved up more strongly, especially after yesterday’s sell off?
Stocks are neither moving ahead to follow up on yesterday’s big gains. Nor selling off under the wave of profit taking. Given the news calendar on Thursday and Friday that’s about what I’d expect. We’re due for a bushel of potentially market-moving news on those two days. And I’d be surprised if anyone wants to get too far ahead of those announcements.
Initial claims for unemployment in official state unemployment programs rose for the week ended February 13 to 861,000, the Department of Labor reported this morning. Economists surveyed by Bloomberg had expected 773,000. Revisions took the prior week’s initial claims to 848,000 from an initial 793,000. The initial figures had shown initial claims dropping. The revised figures represented a 33,000 increase week to week.
New claims for unemployment in regular state unemployment programs for the week ended January 30 fell to 779,000 on an adjusted basis. That was a drop of 33,000 from the previous week and it marks a third straight weekly decline.
Initial jobless claims in regular state unemployment programs declined–on an adjusted basis–by 26,000 to 900,000 for the week ended January 16, the Labor Department announced today, January 21. On an unadjusted basis, initial claims for unemployment dropped by more than 151,000 to 960,668. Continuing claims in state programs–the number of people receiving ongoing jobless benefits–decreased by 127,000 to 5.05 million in the week ended January 9. In the week ended January 2 there were 3.03 million continuing claims for Pandemic Emergency Unemployment Compensation, which provides federal extended jobless benefits for those who have exhausted their regular state benefits
Initial claims for unemployment dropped to 814,000 last week from 873,000 the prior week, the Labor Department reported today, Thursday, December 31.
For the week ended December 12, the number of Americans filing initial claims for unemployment in regular state programs rose on a seasonally adjusted basis to 885,000, an increase of 23,000 from the previous week. That was the largest gain in the last three months. A Bloomberg survey of economists had projected 818,000 initial state claims and 5.7 million continuing claims on an adjusted basis.
