Weekly jobless claims in the US fell by 11,000 to reach 239,000, indicating a tight labor market despite a slowdown in job growth and raising the risk of the Federal Reserve increasing interest rates.
The US Labor Department has revised downward its estimate of total payroll employment in March 2023, revealing a slightly cooler labor market than previously thought, which may influence the Federal Reserve's decision on interest rates at their upcoming policy meeting in September.
Despite the Federal Reserve's interest rate hikes, new claims for unemployment benefits in the US declined last week, indicating a resilient labor market and raising hopes of avoiding a recession.
U.S. job openings reach lowest level in nearly 2.5 years in July, signaling a slowdown in the labor market and potential impact on interest rates.
The US jobs data for July suggests a cooling employment market, with a drop in labor demand and easing of hiring conditions, which could help lower inflation without a significant rise in unemployment rates.
U.S. hiring in August fell below expectations, signaling a cooling labor market due to higher interest rates, with companies adding 177,000 jobs compared to the predicted 195,000 gain, marking the worst month for job creation since March.
The number of Americans applying for jobless benefits fell slightly last week as companies held on to employees in an economy that has withstood rising interest rates, with job openings remaining robust and unemployment benefits being collected by about 1.73 million people.
The August jobs report is highly anticipated as investors assess the health of the labor market amidst rising interest rates and inflation, with projections indicating an increase in hiring and a steady unemployment rate, but potential disruptions from ongoing strikes and bankruptcies could affect the data. The report is closely watched by the Federal Reserve for signs of labor market softening as they grapple with inflation, and while the labor market has remained tight, there are indications of a gradual slowdown. Job openings have decreased, along with resignations, pointing to a labor market that is cooling.
The US added more jobs than expected in August, but the unemployment rate rose, causing little change in the price of bitcoin while traditional markets reacted positively.
Despite weakening economic growth, the unemployment rate remains low, which is puzzling economists and could lead to a "full-employment stagnation" scenario with a potential recession and low unemployment rates, posing challenges for the Federal Reserve and the overall economy.
The number of Americans filing for jobless benefits unexpectedly dropped to the lowest level since February, indicating a relatively tight job market despite recent signs of softening.
The UK jobless rate rises to 4.3% as unemployment increases, but wage growth surpasses inflation, with total pay rising by 8.5% and regular pay growing by 7.8% in the May-July quarter.
Initial jobless claims for state unemployment benefits rose by 3,000 to 220,000 in the latest week, but the four-week moving average fell to its lowest level since February, indicating that while the pace of hiring may be softening, there are very few layoffs.
Weekly jobless claims in the US have fallen to an eight-month low, indicating a tight labor market despite a slowdown in job growth.
The number of Americans filing new claims for unemployment benefits decreased to an eight-month low, indicating a tight labor market despite slowing job growth.
Despite the Federal Reserve's efforts to lower inflation, the job market remains strong with unemployment rates near historic lows, challenging traditional economic thinking.
Job openings rose in August after three consecutive months of decline, with 9.6 million job openings recorded, indicating a tightening labor market and potential impacts on inflation and interest rates.
The US labor market remains strong as jobless claims hold steady, with initial filings for unemployment benefits slightly above estimates, continuing claims unchanged, and the four-week moving average of claims decreasing, putting pressure on the Federal Reserve to carefully consider future monetary policy.
New jobless claims in the U.S. rose slightly to 207,000, reflecting an extremely strong labor market and indicating a stable economy with very low job losses.
The number of Americans filing new claims for unemployment benefits rose moderately last week, while layoffs declined in September, pointing to still-tight labor market conditions at the end of the third quarter. Additionally, the trade deficit shrank to its smallest in nearly three years in August, with exports of capital goods reaching a record high.
The US labor market remains stable with weekly jobless claims holding at relatively low levels for the third consecutive week, although signs of cooling are starting to emerge.
Applications for US unemployment benefits remained historically low last week, with initial jobless claims ticking up slightly to 207,000, indicating ongoing strength in the labor market.
British employers reduced job vacancies for the first time in over two-and-a-half years in September, signaling a cooling in the labor market, although the decline was marginal and mainly in the public sector.
Piper Sandler's Michael Kantrowitz warns that initial unemployment claims data can be misleading and that revisions to the data can significantly impact the narrative around the health of the US economy, suggesting that a recession may be on the horizon. Kantrowitz believes that jobless claims will eventually trend upward and predicts a stock drawdown of 16% to 32%.
The number of Americans filing new claims for unemployment benefits fell to a nine-month low, indicating strong job growth and sustained momentum in the economy, while existing home sales dropped to the lowest level in nearly a decade due to surging mortgage rates and tight supply.
The number of jobless claims in the US has dropped to its lowest level since late March, indicating strong momentum in the labor market; however, gold prices remain steady due to factors such as geopolitical uncertainty and rising inflation expectations.
The number of US jobless claims fell to its lowest level in eight months last week, indicating that businesses are holding onto workers despite higher interest rates, but the number of continuing claims rose to its highest level in three months, suggesting that people already unemployed are struggling to find new jobs.
The number of Americans applying for jobless benefits rose slightly, but remains historically low, indicating strength in the labor market despite high interest rates and inflation.
Initial jobless claims rose by 10,000 to 210,000 in the week ended Oct. 21, suggesting that employment conditions remain strong but hiring may be slowing down.
