Archive for the ‘Unemployment Benefits’ tag
Fixed Income Futures Rise on Weekly Jobless Claims
Ignoring a higher CPI report, U.S. fixed income markets took worse-
than-expected jobless claims figures at face value on
Thursday, with bonds increasing on the arguably soft data.
Initial claims for unemployment benefits in the United States dropped
back slightly to 450K in the week ending Aug. 9, but forecasts were for
initial claims to fall to 435k this week, following last week’s upwardly
revised reading of 460k…
Initial Jobless Claims are "Useless" Due to Distortion, Economist Says
Claims for unemployment benefits in the U.S. rose to their highest
level since March 2002 with 455k initial claims reported
in the week ending Aug. 2, but economists say new rules that make it
easier to file a claim is putting upward pressure on the figures.
“The larger than expected rise is not a complete shock,” said TD
Securities economics strategist Charmaine Buskas. “The labor department
did recently announce a 13 week extension to the benefits period and this
has clearly caused a huge influx of re-filers.”
Soaring U.S. Jobless Claims Viewed as Reliable Indicator of Weak Labour Market
Initial claims for unemployment benefits in the
United States soared to 406k in the week ending July 19, the highest
level since March, according to the Department of Labor on Thursday.
Economists said July data has been volatile, but the latest data is a
reliable indicator of weakness in the jobs market.