Weekly Jobless Claims

Mike:  Today brings us the weekly Jobless Claims  number and  Existing Home Sales. Jobless claims rose  to 640,000. Last weeks revised drop to 613,000. The bit of good news in the report showed that the four-week moving average declined 4,250 to 646,750. A continued decrease in the four-week moving average is a better iindicator of job loss trends than […]

Continue reading about April 23 – Jobless claims increase to 640,000 – Continuing claims reach new record of 6.14 million – Danaher to lay off 2,300; close 16 facilities – Precision cuts 1,000 drilling jobs – Lloyds sheds 1,000 staff – Freescale to cut 900 – Alcoa to can another 275 – Bashas’ Markets to chop 700 – CNH to dump 1500

Mike: I hope you are all having a great Thursday and thanks for visiting. – The number we are all looking at today is the Jobless Claims number. A second important number that will give of view of the economy’s health is the Housing Starts report. Both of those economic indicators will be available at […]

Continue reading about April 16 – Jobless Claims fall to 610,000 – Record 6 million remain on unemployment – Housing starts fall to second lowest on record – Yahoo plans to eliminate up to 600 – Russell Investments cutting 400 – Harley-Davidson to cut 400 more

Mike: Today’s Jobless Claims number came in at 654,000, which was still in recession territory, but an improvement nonetheless. According to The Associated Press: New jobless claims fall more than expected to 654K.to a seasonally adjusted 654,000, down from a revised 674,000 the previous week. Analysts expected claims to drop to 660,000. A stabilizing job […]

Continue reading about April 9 – Jobless claims fall to 654,000 – Continuing jobless claims at record 5.84 million – Lloyds to cut 25,000? – LyondellBasell chops 3000 jobs – Country Coach lays off 460 – 3M offers 3,600 early retirement