We are not concerned yet, but we are watching out for any sustained and significant increase
in Initial Jobless Claims.
After last week's sharp drop
in initial jobless claims to 209k, the lowest since 1969, they stayed pretty low this past week.
Not exact matches
There has been a fairly sustained increase
in job creation over at least the last five months, Desjardins said, and the level of
initial jobless claims has been decreasing.
The market is expected to see the weekly
initial jobless claims data and the trade balance
in the US with focus on Friday's non-farm payroll report.
Unemployment is down, with
initial jobless claims falling to the lowest level
in four years.
On the data front,
initial jobless claims increased to 211,000
in the prior week, but remain near the lowest level since 1973.
Initial jobless claims added 2,000 to 211,000
in the prior week, below consensus estimates of 225,000.
Initial jobless claims fell to 268,000
in the week ended March 28 from the previous week's revised level of 288,000 (was 282,000).
For example, weekly
initial jobless claims are currently running at around the 345,000 level, which
in the past has been consistent with monthly employment gains of around 150,000; the manufacturing ISM employment index is at a 20 - year high; and growth
in temporary - help services employment (which tends to lead overall employment) has picked up.
On today's agenda, the Labor Department has revealed
initial jobless claims rose by 7,000 to 230,000
in the week ended 10 February.
In the morning, the U.S. Department of Labor released its weekly
Initial Jobless Claims report.
Later
in the week Durable Goods Orders (2 % expected),
Initial Jobless Claims (313K expected), and the University of Michigan Confidence Survey (83 expected) close out the week.
This was
in spite of investors learning that
initial jobless claims had declined by 1,000 to 232,000 for the prior week (remaining at an almost 45 - year low).
The four - week moving average of
initial jobless claims continues to trend downward, pointing to a deceleration
in the pace of layoffs.
Initial jobless claims surprisingly fell for a second week
in a row, down 23,000
in the week of September 16 to a level of 259,000.
Initial Jobless Claims fell by 3,000
in the October 22 week after rising 13,000 the week prior.
After a few weeks of increases,
Initial Jobless Claims are moving toward a downward trend, falling 5,000 to a 267,000 level
in the December 19 week.
Initial jobless claims averaged 418,000
in the same four - week period last year.
«This is yet another sign that, as we first saw with the
initial jobless claims data, the recovery from Harvey was very fast and the disruption from Irma
in Florida was far less than initially feared,» said Stephen Stanley, chief economist at Amherst Pierpont Securities.