Thanks

US Weekly Jobless Claims Hit Seven-Month Low

US Weekly Initial Jobless Claims 213K (Est 220K, Prior 217K->219K)

The upcoming release of the weekly jobless claims data will provide insights into the state of the job market. This data is closely watched by economists and investors as it indicates the number of individuals filing for unemployment benefits. It can provide an indication of the overall health of the labor market and the economy as a whole. The jobless claims data is expected to impact financial markets and investor sentiment.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":373517204967696,"tweetId":"373517204967696","gmtCreate":1732226641426,"gmtModify":1732226643411,"author":{"id":3555362771681553,"idStr":"3555362771681553","authorId":3555362771681553,"authorIdStr":"3555362771681553","name":"nywles","avatar":"https://static.tigerbbs.com/a7e6473ec2cec348d167d7d95fbdb76c","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":88,"starInvestorFlag":false},"themes":[{"themeId":"6750933d1252431cd844120b633f58f8","categoryId":"2929bb7468f5415f853fd96fb35d7c3b","name":"US Weekly Initial Jobless Claims 213K (Est 220K, Prior 217K->219K)","type":2,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/special/finance&rndata={\"themeId\":6750933d1252431cd844120b633f58f8}&rnconfig={\"headerBarHidden\": true}","description":"The upcoming release of the weekly jobless claims data will provide insights into the state of the job market. This data is closely watched by economists and investors as it indicates the number of individuals filing for unemployment benefits. It can provide an indication of the overall health of the labor market and the economy as a whole. The jobless claims data is expected to impact financial markets and investor sentiment."}],"images":[],"coverImages":[],"html":"<html><head></head><body><p>Thanks&nbsp;</p></body></html>","htmlText":"<html><head></head><body><p>Thanks&nbsp;</p></body></html>","text":"Thanks","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/373517204967696","repostId":1100468537,"repostType":2,"repost":{"id":"1100468537","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1732195800,"share":"https://www.laohu8.com/m/news/1100468537?lang=&edition=full","pubTime":"2024-11-21 21:30","market":"us","language":"en","title":"US Weekly Jobless Claims Hit Seven-Month Low","url":"https://stock-news.laohu8.com/highlight/detail?id=1100468537","media":"Reuters","summary":"US Weekly Initial Jobless Claims 213K (Est 220K, Prior 217K->219K)","content":"<html><head></head><body><ul style=\"\"><li><p>Weekly jobless claims drop 6,000 to 213,000</p></li><li><p>Continuing claims increase 36,000 to 1.908 million</p></li></ul><p>WASHINGTON, Nov 21 (Reuters) - The number of Americans filing new applications for unemployment benefits fell to a seven-month low last week, suggesting that job growth likely rebounded in November after abruptly slowing last month amid hurricanes and strikes.</p><p>It is, however, taking longer for the unemployed to find new work. The report from the Labor Department on Thursday also showed unemployment rolls swelling to levels last seen in late 2021. Labor market slack keeps the door open for a third interest rate cut from the Federal Reserve next month, despite a recent lack of progress lowering inflation to its 2% target.</p><p>&#34;There is no sign of incipient recession in these figures,&#34; said Carl Weinberg, chief economist at High Frequency Economics. &#34;The labor market is softening but not imploding.&#34;</p><p>Initial claims for state unemployment benefits dropped 6,000 to a seasonally adjusted 213,000 for the week ended Nov. 16, the lowest reading since April. Economists polled by Reuters had forecast 220,000 claims for the latest week.</p><p>The data included the Veterans Day holiday, which could have injected some volatility. Unadjusted claims decreased 17,750 to 213,035 last week. Filings in California dropped 4,657, almost reversing the prior week&#39;s 5,906 jump. The state offered no comment for that increase.</p><p>There were also notable declines in applications in New Jersey, Ohio, Georgia, Texas and Indiana. Filings had surged in New Jersey and Texas in the prior week, blamed on layoffs in the educational services industry as well as the healthcare and social assistance sector.</p><p>Though overall claims soared in early October amid disruptions caused by Hurricanes Helene and Milton as well as strikes by factory workers at Boeing and another aerospace company, layoffs have remained low. That is softening the hit on the labor market from sluggish hiring.</p><p>The claims data covered the period during which the government surveyed businesses for the nonfarm payrolls component of November&#39;s employment report. Claims fell considerably between the October and November survey weeks.</p><p>The dollar was little changed against a basket of currencies. Stocks on Wall Street were poised to open higher.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e0c4edeb8ebbfc9d8cf136aaff40a5b7\" alt=\"A column chart titled &#34;US unemployment claims&#34; that tracks the metric over a recent period. The number of people filing new claims fell to 213,000 in the most recent week.\" title=\"A column chart titled &#34;US unemployment claims&#34; that tracks the metric over a recent period. The number of people filing new claims fell to 213,000 in the most recent week.\" tg-width=\"1420\" tg-height=\"1000\"/><span>A column chart titled &#34;US unemployment claims&#34; that tracks the metric over a recent period. The number of people filing new claims fell to 213,000 in the most recent week.</span></p><h2 id=\"id_2413328821\" style=\"text-align: start;\">JOB GROWTH REBOUND EYED</h2><p>Government data on Tuesday confirmed that Helene, Milton and the aerospace strikes had accounted for much of the sharp slowdown in job growth in October.</p><p>The state employment and unemployment report also showed the labor market steadily slowing. Economists estimated that the strikes and storms probably subtracted between 100,000 and 125,000 jobs from payrolls last month. Nonfarm payrolls increased by a scant 12,000 jobs in October, the smallest gain since December 2020, after rising by 223,000 in September.</p><p>The Boeing strike ended early this month after workers accepted a new contract, while rebuilding is underway in the areas devastated by the hurricanes. That creates a base of at least 100,000 jobs for November&#39;s payrolls.</p><p>Data next week on unemployment rolls could offer more clarity on the state of the labor market in November.</p><p>The number of people receiving benefits after an initial week of aid, a proxy for hiring, increased 36,000 to a seasonally adjusted 1.908 million during the week ending Nov. 9, the claims report showed. The so-called continuing claims have been boosted by Boeing-related furloughs and the hurricanes.</p><p>The employment report for November could determine if the Fed cuts rates again in December. The U.S. central bank trimmed rates by 25 basis points earlier this month, lowering its benchmark overnight interest rate to the 4.50%-4.75% range.</p><p>The Fed embarked on its policy easing cycle with an unusually large half-percentage-point rate cut in September, its first reduction in borrowing costs since 2020. It hiked rates by 525 basis points in 2022 and 2023 to curb a surge in inflation.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US Weekly Jobless Claims Hit Seven-Month Low</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS Weekly Jobless Claims Hit Seven-Month Low\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-11-21 21:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul style=\"\"><li><p>Weekly jobless claims drop 6,000 to 213,000</p></li><li><p>Continuing claims increase 36,000 to 1.908 million</p></li></ul><p>WASHINGTON, Nov 21 (Reuters) - The number of Americans filing new applications for unemployment benefits fell to a seven-month low last week, suggesting that job growth likely rebounded in November after abruptly slowing last month amid hurricanes and strikes.</p><p>It is, however, taking longer for the unemployed to find new work. The report from the Labor Department on Thursday also showed unemployment rolls swelling to levels last seen in late 2021. Labor market slack keeps the door open for a third interest rate cut from the Federal Reserve next month, despite a recent lack of progress lowering inflation to its 2% target.</p><p>&#34;There is no sign of incipient recession in these figures,&#34; said Carl Weinberg, chief economist at High Frequency Economics. &#34;The labor market is softening but not imploding.&#34;</p><p>Initial claims for state unemployment benefits dropped 6,000 to a seasonally adjusted 213,000 for the week ended Nov. 16, the lowest reading since April. Economists polled by Reuters had forecast 220,000 claims for the latest week.</p><p>The data included the Veterans Day holiday, which could have injected some volatility. Unadjusted claims decreased 17,750 to 213,035 last week. Filings in California dropped 4,657, almost reversing the prior week&#39;s 5,906 jump. The state offered no comment for that increase.</p><p>There were also notable declines in applications in New Jersey, Ohio, Georgia, Texas and Indiana. Filings had surged in New Jersey and Texas in the prior week, blamed on layoffs in the educational services industry as well as the healthcare and social assistance sector.</p><p>Though overall claims soared in early October amid disruptions caused by Hurricanes Helene and Milton as well as strikes by factory workers at Boeing and another aerospace company, layoffs have remained low. That is softening the hit on the labor market from sluggish hiring.</p><p>The claims data covered the period during which the government surveyed businesses for the nonfarm payrolls component of November&#39;s employment report. Claims fell considerably between the October and November survey weeks.</p><p>The dollar was little changed against a basket of currencies. Stocks on Wall Street were poised to open higher.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e0c4edeb8ebbfc9d8cf136aaff40a5b7\" alt=\"A column chart titled &#34;US unemployment claims&#34; that tracks the metric over a recent period. The number of people filing new claims fell to 213,000 in the most recent week.\" title=\"A column chart titled &#34;US unemployment claims&#34; that tracks the metric over a recent period. The number of people filing new claims fell to 213,000 in the most recent week.\" tg-width=\"1420\" tg-height=\"1000\"/><span>A column chart titled &#34;US unemployment claims&#34; that tracks the metric over a recent period. The number of people filing new claims fell to 213,000 in the most recent week.</span></p><h2 id=\"id_2413328821\" style=\"text-align: start;\">JOB GROWTH REBOUND EYED</h2><p>Government data on Tuesday confirmed that Helene, Milton and the aerospace strikes had accounted for much of the sharp slowdown in job growth in October.</p><p>The state employment and unemployment report also showed the labor market steadily slowing. Economists estimated that the strikes and storms probably subtracted between 100,000 and 125,000 jobs from payrolls last month. Nonfarm payrolls increased by a scant 12,000 jobs in October, the smallest gain since December 2020, after rising by 223,000 in September.</p><p>The Boeing strike ended early this month after workers accepted a new contract, while rebuilding is underway in the areas devastated by the hurricanes. That creates a base of at least 100,000 jobs for November&#39;s payrolls.</p><p>Data next week on unemployment rolls could offer more clarity on the state of the labor market in November.</p><p>The number of people receiving benefits after an initial week of aid, a proxy for hiring, increased 36,000 to a seasonally adjusted 1.908 million during the week ending Nov. 9, the claims report showed. The so-called continuing claims have been boosted by Boeing-related furloughs and the hurricanes.</p><p>The employment report for November could determine if the Fed cuts rates again in December. The U.S. central bank trimmed rates by 25 basis points earlier this month, lowering its benchmark overnight interest rate to the 4.50%-4.75% range.</p><p>The Fed embarked on its policy easing cycle with an unusually large half-percentage-point rate cut in September, its first reduction in borrowing costs since 2020. It hiked rates by 525 basis points in 2022 and 2023 to curb a surge in inflation.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.bloomberg.com/news/articles/2024-11-21/us-initial-jobless-claims-decline-to-lowest-level-since-april","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100468537","content_text":"Weekly jobless claims drop 6,000 to 213,000Continuing claims increase 36,000 to 1.908 millionWASHINGTON, Nov 21 (Reuters) - The number of Americans filing new applications for unemployment benefits fell to a seven-month low last week, suggesting that job growth likely rebounded in November after abruptly slowing last month amid hurricanes and strikes.It is, however, taking longer for the unemployed to find new work. The report from the Labor Department on Thursday also showed unemployment rolls swelling to levels last seen in late 2021. Labor market slack keeps the door open for a third interest rate cut from the Federal Reserve next month, despite a recent lack of progress lowering inflation to its 2% target.\"There is no sign of incipient recession in these figures,\" said Carl Weinberg, chief economist at High Frequency Economics. \"The labor market is softening but not imploding.\"Initial claims for state unemployment benefits dropped 6,000 to a seasonally adjusted 213,000 for the week ended Nov. 16, the lowest reading since April. Economists polled by Reuters had forecast 220,000 claims for the latest week.The data included the Veterans Day holiday, which could have injected some volatility. Unadjusted claims decreased 17,750 to 213,035 last week. Filings in California dropped 4,657, almost reversing the prior week's 5,906 jump. The state offered no comment for that increase.There were also notable declines in applications in New Jersey, Ohio, Georgia, Texas and Indiana. Filings had surged in New Jersey and Texas in the prior week, blamed on layoffs in the educational services industry as well as the healthcare and social assistance sector.Though overall claims soared in early October amid disruptions caused by Hurricanes Helene and Milton as well as strikes by factory workers at Boeing and another aerospace company, layoffs have remained low. That is softening the hit on the labor market from sluggish hiring.The claims data covered the period during which the government surveyed businesses for the nonfarm payrolls component of November's employment report. Claims fell considerably between the October and November survey weeks.The dollar was little changed against a basket of currencies. Stocks on Wall Street were poised to open higher.A column chart titled \"US unemployment claims\" that tracks the metric over a recent period. The number of people filing new claims fell to 213,000 in the most recent week.JOB GROWTH REBOUND EYEDGovernment data on Tuesday confirmed that Helene, Milton and the aerospace strikes had accounted for much of the sharp slowdown in job growth in October.The state employment and unemployment report also showed the labor market steadily slowing. Economists estimated that the strikes and storms probably subtracted between 100,000 and 125,000 jobs from payrolls last month. Nonfarm payrolls increased by a scant 12,000 jobs in October, the smallest gain since December 2020, after rising by 223,000 in September.The Boeing strike ended early this month after workers accepted a new contract, while rebuilding is underway in the areas devastated by the hurricanes. That creates a base of at least 100,000 jobs for November's payrolls.Data next week on unemployment rolls could offer more clarity on the state of the labor market in November.The number of people receiving benefits after an initial week of aid, a proxy for hiring, increased 36,000 to a seasonally adjusted 1.908 million during the week ending Nov. 9, the claims report showed. The so-called continuing claims have been boosted by Boeing-related furloughs and the hurricanes.The employment report for November could determine if the Fed cuts rates again in December. The U.S. central bank trimmed rates by 25 basis points earlier this month, lowering its benchmark overnight interest rate to the 4.50%-4.75% range.The Fed embarked on its policy easing cycle with an unusually large half-percentage-point rate cut in September, its first reduction in borrowing costs since 2020. It hiked rates by 525 basis points in 2022 and 2023 to curb a surge in inflation.","news_type":1},"isVote":1,"tweetType":1,"viewCount":0,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":6,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/373517204967696"}