Not "unambiguously good" as Shale states see initial jobless claims spiking. Overall initial jobless claims missed expectations for the 4th week in a row, holding above 300k for the 3d week in a row (for the first time since July). At 307k, this week’s print is below last week’s but well above the 300k expectation.
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The Department of Labor’s weekly jobless claims continued to surprise this week as seasonally adjusted initial jobless claims fell to 202K from a revised 212K l. the 213 th week below 300K.
Looking forward, we estimate Initial Jobless Claims in the United States to stand at 220.00 in 12 months time. In the long-term, the United States Initial Jobless Claims is projected to trend around 267.12 Thousand in 2020, according to our econometric models.
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In a third report, the Labor Department said initial claims for state unemployment benefits increased 3,000 to a seasonally adjusted 250,000 for the week ended Dec. 30. Last week marked the 148th.
According to a study by the Department of Labor, initial filings for state jobless benefits increased by a seasonally adjusted 32,000 to 493,000 in the third. week moving average of new jobless.
Initial Jobless Claims came in 4K above expectations at 229K on a seasonally adjusted basis; up from last week’s 223K. This is near the upper end of the range jobless claims have been in for the past few months. It has also now been two months since claims last hit a new low of 200K. On the other hand, this week marks the 210th week that claims have come in below 300K.
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Initial Jobless Claims is a report issued by the U.S. Department of Labor on a weekly basis. The employment situation is extremely important for a macroeconomic analysis, so the financial markets track employment indicators, although this is a low impact indicator compared with the monthly BLS’s "Employment Report".
After rising above 300,000 briefly in late November, initial jobless claims have been coming back down near their recovery lows. initial claims fell for the 3rd straight week, down 6,000 to. Initial jobless claims missed expectations yet again, staying well above the 300,000 mark for the third week running.