Weekly Jobless Claims

Mike: As with most Thursdays, the weekly jobless claims number is the big news. Today saw a reduction of claims to 601,000, which is still a very high number, but an improvement from the previous week. The markets seem excited by unemployment remaining above 600,000, but then all news is good news of  late.  The […]

Continue reading about June 11 – Jobless claims decline to 601,000 – Continuing claims reach another record at 6.82 million – Michigan unemployment at 23.4%? – U of Iowa Hospitals to cut 200+ – Another 1600 gone at American Airlines – UTStarcom to cut 2,300

Friday brings with it the Employment Situation, which is expected to be a market mover. The consensus estimate ranges from -625,000  to -495,000.  Till then…………… Mike: Jobless Claims show a slight drop to 621,000 from a revised upward figure of 625,000 the previous week. Seems that every week we have a jobless claims number that is revised upward, but that’s […]

Continue reading about June 4 – Jobless claims dip to 621,000 – Continuing claims stop the record breaking pace, but still at 6.7 million – UCSD cuts 800 jobs, more cuts on the way – Cessna: more layoffs June 19 – Capital Research and Management to cut 820

Mike:  Today proved to be a lighter day for layoff announcements than we’ve become used to of late. No massive job cuts, but still plenty of smaller cuts that add up. My guess of 651,000 layoffs was high, but let’s see what the revised number is next week to see if it is again raised, […]

Continue reading about May 21 – Jobless claims drop by 12,000 to 631,000 – Continuing claims at record 6.66 million – Axcelis Technologies cuts 235 – Autodesk plans to cut 430 – KeyCorp eliminating more than 300