On Thursday, initial jobless claims will be another data point the market will be watching.
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Initial jobless claims declined to 414, 000, from an upwardly revised 430, 000 in the prior week.
Initial jobless claims relative to employment have remained near the lows of the 1990s employment boom.
On Thursday, the Labor Department reported the lowest number of initial jobless claims since April 2008.
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Initial jobless claims dropped by 5, 000 last week to 348, 000, compared with expectations for a 4, 000 rise.
Otherwise, the only data releases scheduled are the weekly reports like initial jobless claims (published on Thursday mornings).
The U.S. Labor Department reported that initial jobless claims unexpectedly rose to 627, 000, due in part to layoffs.
The announcement came as the Labor Department said initial jobless claims increased to 637, 000 last week, from 605, 000.
Meanwhile, the Labor Department reported that initial jobless claims for the previous week rose by 62, 000, to 589, 000.
Initial jobless claims tumbled by 14, 000 to a seasonally adjusted 351, 000 last week.
Last week we saw U.S. factory orders down and initial jobless claims rise.
So far this year, initial jobless claims are improving, but things could change.
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Then today, the Labor Department reported that initial jobless claims unexpectedly fell to a six week low of 340, 000.
Last Thursday the markets ignored Initial Jobless Claims, which were higher than expected in the latest week at 428, 000.
Sure the labor market has improved, but Initial jobless claims remain well above the 350, 000 per week recessionary threshold.
Initial jobless claims dropped 5, 000 to a seasonally-adjusted 300, 000 for the week ended January 19th, well below estimates of 360, 000.
Today, the Department of Labor announced that there were 454, 000 initial jobless claims for the week ending July 3.
In a report released Thursday, U.S. initial jobless claims fell by 5, 000 to 330, 000, the lowest level since January 2008.
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Thursday: Initial jobless claims will take center stage among the economic reports while Texas Industries is expected to report results.
On the U.S. economic front, initial jobless claims increased by 28, 000, to 385, 000, last week, versus expectations for a slight rise.
Initial jobless claims fell just slightly in the week ending October 8, to 404, 000 from an upwardly revised 405, 000 the prior week.
First-time initial jobless claims fell by 23, 000 to 369, 000 in the most recent reporting week, coming in below forecasts for 370, 000 to 375, 000.
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Stocks stumble out of the gate on a surprise spike in initial jobless claims, but rebound from lows on ambiguously positive home-sales data.
Earlier Thursday, the government reported initial jobless claims jumped by 41, 000 to 626, 000, while the four-week moving average rose by 39, 000 to 582, 250.
Initial jobless claims, an indication of layoffs, increased by 4, 000 to a seasonally adjusted 352, 000 in the most recent week, slightly more than forecast.
U.S. data were also in focus, as initial jobless claims dropped by 35, 000 to a seasonally adjusted 353, 000, which was a larger drop than expected.
Before the bell, the U.S. Labor Department reported initial jobless claims last week that dipped 22, 000, to 353, 000, which was a greater than expected decline.
Initial jobless claims edged up slightly, to a seasonally adjusted 393, 000.
Although the report on the Initial Jobless Claims report grabbed the headlines early, the real reason for the Thursday thrashing was the reversal in the dollar.
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