US Unemployment Claims
Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy;
This is the nation's earliest economic data. The market impact fluctuates from week to week - there tends to be more focus on the release when traders need to diagnose recent developments, or when the reading is at extremes;
- US Unemployment Claims Graph
- History
| Expected Impact / Date | Actual | Forecast | Previous |
|---|---|---|---|
| Sep 5, 2024 | 227K | 231K | 232K |
| Aug 29, 2024 | 231K | 232K | 233K |
| Aug 22, 2024 | 232K | 232K | 228K |
| Aug 15, 2024 | 227K | 236K | 234K |
| Aug 8, 2024 | 233K | 241K | 250K |
| Aug 1, 2024 | 249K | 236K | 235K |
| Jul 25, 2024 | 235K | 237K | 245K |
| Jul 18, 2024 | 243K | 229K | 223K |
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- US Unemployment Claims News
From dol.gov|Sep 5, 2024|6 commentsIn the week ending August 31, the advance figure for seasonally adjusted initial claims was 227,000, a decrease of 5,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 231,000 to 232,000. The 4-week moving average was 230,000, a decrease of 1,750 from the previous week's revised average. The previous week's average was revised up by 250 from 231,500 to 231,750. The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending August 24, unchanged from the ...
- From dol.gov|Aug 29, 2024|1 comment
In the week ending August 24, the advance figure for seasonally adjusted initial claims was 231,000, a decrease of 2,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 232,000 to 233,000. The 4-week moving average was 231,500, a decrease of 4,750 from the previous week's revised average. The previous week's average was revised up by 250 from 236,000 to 236,250. The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending August 17, unchanged from the ...
From fxempire.com|Aug 28, 2024On Wednesday, August 28, BTC declined by 0.71%, following a 5.40% tumble from the previous session, closing at $59,082. BTC extended its losing streak to four sessions as the broader market dipped by 0.10% to a total market cap of $2.039 trillion. NVIDIA Earnings Miss Top Estimates: On Wednesday, NVIDIA (NVDA) released its highly anticipated Q2 2024 earnings report. While NVIDIA’s Q2 2024 earnings beat the consensus, they fell short of top estimates, resulting in a 6.89% drop in after-hours trading. The downtrend impacted buyer ...
From morningstar.com|Aug 25, 2024|3 commentsWe will do everything we can to support a strong labor market,' Fed chairman says The chief of the Federal Reserve has vowed to do whatever it takes to stop the unemployment rate from rising, which could push the U.S. economy into a recession. "We do not seek or welcome further cooling in labor-market conditions," Fed Chairman Jerome Powell said bluntly Friday in a speech laying out the case for a reduction in high interest rates. The Fed has "ample room to respond to any risks we may face," he added, "including the risk of unwelcome ...
- From dol.gov|Aug 22, 2024|9 comments
In the week ending August 17, the advance figure for seasonally adjusted initial claims was 232,000, an increase of 4,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 227,000 to 228,000. The 4-week moving average was 236,000, a decrease of 750 from the previous week's revised average. The previous week's average was revised up by 250 from 236,500 to 236,750. The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending August 10, unchanged from the ...
From think.ing.com|Aug 15, 2024|2 commentsThe initial wave of today’s US data was quite a bit firmer than expected with retail sales rising 1% month-on-month versus the 0.4% consensus with the control group, which excludes some of the volatile items, seeing sales rise 0.3% MoM versus expectations of a 0.1% gain. There were some downward revisions to the history, but this is still a firmer-than-anticipated outcome. The headline figure was boosted by a 3.6% MoM jump in vehicle sales, but there was also decent strength in electronics (+1.6%), building materials (+0.9%), food & ...
- From dol.gov|Aug 15, 2024|3 comments
In the week ending August 10, the advance figure for seasonally adjusted initial claims was 227,000, a decrease of 7,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 233,000 to 234,000. The 4-week moving average was 236,500, a decrease of 4,500 from the previous week's revised average. The previous week's average was revised up by 250 from 240,750 to 241,000. The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending August 3, unchanged from the ...
From business.nab.com.au|Aug 8, 2024The rise in the unemployment rate will accelerate the Fed’s easing cycle, which we still expect to start at the September meeting. • We now expect 100bps of cuts this year (previously 50). • We pencil in a 50bp cut in September, but a 25bp cut is still possible with two CPIs and one Payrolls ahead of the meeting. • We continue to expect slower growth through H2, but do not forecast a recession. While the Sahmrule recession signal has been triggered, the rise in unemployment has not been driven by layoffs to the same extent as in the ...
| Released on Sep 5, 2024 |
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| Released on Aug 29, 2024 |
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| Released on Aug 22, 2024 |
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| Released on Aug 15, 2024 |
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| Released on Aug 8, 2024 |
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