Unemployment

Only 345,000 jobs lost. This is a hugely bullish report despite the headine number.  Markets are already reacting.  Bonds lower (ten-year is getting killed, now near 3.90%), stocks higher. Here is what the Department of Labor had to say…

The number of persons filing an initial claim for unemployment insurance in the week just ended May 30 declined to 621,000 from 625,000 the prior week.  In addition, the number of persons still receiving unemployment insurance dropped to…

If you thought jobless claims would fall off rapidly after a peak was made, you were mistaken because we seem to be in a holding pattern above 600,000.  The weekly report for unemployment insurance claims in the U.S. showed 623,000 filing a…

A recent post I published on both Credit Writedowns and Naked Capitalism, “Both initial claims and continuing claims now pointing to recovery,” has left the impression that I am a wild-eyed bull – for which I have been duly smacked about…

I'm back after a brief hiatus.  I would like to present you with some data on jobless claims, an economic data series that will become increasingly important in the weeks and months ahead.  The data suggest that a recovery is imminent.…

Initial jobless claims rose 32,000 to 637,000 last week in the United States. This helped push continuing claims to another record of 6.56 million, suggesting the unemployment rate will continue to rise at a worrying pace going forward. …

Below is a chart of the actual non-seasonally adjusted unemployment rates as calculated via the household survey. All of the unemployment rates are down from March to April. And the broad measure is down the most, from 16.2% to 15.4%.…

The Employment Situation Summary for April was released today by the U.S. Department of Labor and the headline data was right in line with estimates.  The unemployment rate came in at 8.9%, up from 8.5% in March. Job losses for April were…

In less than 30 minutes, the U.S. employment situation report is coming out. 600,000 job losses is the bogey with 8.9% as the unemployment rate.  Below, Bloomberg News talks about this.

Last week, the number of people filing new unemployment claims dipped to 601,000 on a seasonally-adjusted (SA) basis.  The unadjusted number (NSA) was even lower at 534,047.  This most recent data should bring cheer to the markets as it…