Weekly Jobless Claims

Mike: Good day to all. Today’s big news comes from the labor department at 8:30 and that is the Jobless Claims number, and here it is: WASHINGTON (MarketWatch) — Signaling persistent labor market weakness, the number of workers filing initial claims for state unemployment benefits rose 9,000 to a seasonally adjusted 654,000 last week, the […]

Continue reading about March 12 – Jobless claims rise 9,000 to 654,000 – Record 5.3 million collecting unemployment – PPG exits 2,500 – US Hexion to slash about 1000 – Methode Electronics dumps 850 and moving jobs off shore – Dell continues job cuts – Bronco Drilling Lays Off > 600 – Bausch & Lomb eyes 500 cuts – Foreclosures up 30 percent in February – Chrysler threatens to pull out of Canada

Mike: Today’s big economic number is Jobless Claims, which will be released at 8:30. The consensus is a reduction in claims to 650,000, which is less than last week’s number of 667,000. The experts have been wrong about the upward trend for the past six months,so don’t be surprised if they are again wrong on […]

Continue reading about March 5 – Jobless Claims Fell 31,000 to 639,000 – 14,000 less (5.11 million) receiving unemployment benefits – General Dynamics plans 1,200 layoffs – Northrop will cut up to 750 – Borders closes the book on 742 – GM dumps another 300 – Doubts of GM surviving

Mike: I hope you are all having a fine day. Looks like a very busy day ahead for unemployment news.  Some companies are releasing earnings numbers, with their associated job cut notices, but today’s most important economic report is the Jobless Claims,  which is reported at a record 667,000,  followed by the New Home Sales,  and Durable Goods Orders numbers. Durable Goods […]

Continue reading about February 26 – Weekly jobless claims at record 667,000 – Continued jobless at record 5.11 million – JPMorgan to cut 12,000 jobs – Republicans continue to reject additional aid for unemployed – Nissan cutting 1,400 in SP – Durable goods orders plunge – Cisco layoffs start with 250 – 40,000 jobs cut at UK town hall? – Xerox eyes more layoffs – Sales of new homes tumble to record low pace