U.S. jobless claims total 375,000, matching estimate

finance.yahoo2021-08-12

New weekly jobless claims took another step lower last week, with the labor market's recovery still making headway despite the lingering threat of the Delta variant. The Labor Department released its ...

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Comments

uma1
2021-08-12
uma1
Hi
Wallstrtbets
2021-08-12
Wallstrtbets
Good report.
- Miinhui:
  Agree
HENRYCSC
2021-08-12
HENRYCSC
?
- MunYee531:
  Y
Gladys12345
2021-08-12
Gladys12345
Please like
- AaronNg:
  Done
TTTa
2021-08-12
TTTa
Match or don’t match it is still bullish
- elynzj:
  Wads gg on
Sam87
2021-08-12
Sam87
?
- Sam87:
  ?Oh

Leave a comment

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Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg:\n\nInitial unemployment claims, week ended August 7:375,000 vs. 375,000 expected and 385,000 during prior week\nContinuing claims, week ended July 31:2.866 million vs. 2.900 million expected and 2.930 million during prior week\n\nNew weekly jobless claims fell for a third straight period and came in below the psychologically important 400,000 level. Continuing claims were also expected to dip to a fresh pandemic-era low below 3 million, pacing back toward pre-virus levels.\nEconomists have been expecting to see an improvement in the number of individuals returning to the labor force as more states roll off federal enhanced unemployment benefits. As of mid-summer, about two dozen states had decided to end these benefits ahead of their official September expiration date at the national level, in a move seen as incentivizing workers to return to jobs.\nAs of July 17, just under 13 million individuals were still claiming unemployment benefits across all programs, including nearly 9.5 million claiming crisis-era Pandemic Unemployment Assistance and Pandemic Emergency Unemployment Compensation. The overall number of claimants was down by nearly 200,000 from the prior week.\nOther data on the labor market have also recently pointed to a more robust pick-up in activity.Last Friday's jobs report from the Labor Department showed a much better-than-expected 943,000 payrollswere created in July, marking a back-to-back month with job gains north of 900,000. The unemployment rate, labor force participation rates and length of the workweek each also improved.\nAdditional reports have underscored the extent of the demand for workers in the recovering economy. The Labor Department's Job Openings and Labor Turnover report showed a record of more than 10 million vacancies last month. And in a separate report,the National Federation of Independent Businessessaid a record share of small businesses also reported difficulties filling open positions in July.\nShoppers wear face masks as they leave a Walmart store in Vernon Hills, Ill. Walmart is reversing its mask policy, Friday, July 30, 2021, and will require vaccinated workers in its distribution centers and stores in areas to wear masks in areas with high infection rates of the virus. (AP Photo/Nam Y. 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like&nbsp;","listText":"Please like&nbsp;","text":"Please 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or don’t match it is still bullish&nbsp;","listText":"Match or don’t match it is still bullish&nbsp;","text":"Match or don’t match it is still bullish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/895794173","repostId":1130906606,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5549186,"gmtCreate":1629157898283,"gmtModify":1663232472228,"authorId":3584528872593052,"author":{"id":3584528872593052,"idStr":"3584528872593052","authorId":3584528872593052,"name":"elynzj","avatar":"https://static.tigerbbs.com/1eebec41932cb5587648b6ba43ac3e8b","vip":1,"crmLevel":1,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":895794173,"type":1,"supId":0,"prevId":0,"content":"Wads gg on","text":"Wads gg on","html":"Wads gg 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