initial jobless claims

Will Stock Market Reverse Course in the Second Half?

The S&P 500 was up by only 4% in the first half of 2011, and it fell about 1% in the second quarter. Will it end there? A sell-off may be about to begin that would take the index lower for the full year. Here are half a dozen reasons why one of history's most impressive stock market runs may have ended.

Layoffs Are Back as Public Sector Workers Get the Ax

Massive layoffs were both a cause and a symptom of the recent recession, but job creation began to revive late last year. Unfortunately, in May, the U.S. added only 58,000 jobs, and layoffs may be on the rise again. This time, they're taking a particular toll on state and local government workers.

Poll: Nearly Half of Americans Fear Depression Is LIkely

Despite rosy financial forecasts made by economists this spring, our fears that the nation is about to sink into another depression are reaching depressing extremes. A new CNN poll reveals that nearly half of Americans believe a 1930s-scale depression is possible within the next 12 months.

Best and Worst States for Jobless Benefits

For the nearly 14 million Americans who want to work and can't find jobs, unemployment insurance is a vital lifeline. But how much help that lifeline is varies widely from state to state. 24/7 Wall St. and DailyFinance crunch the numbers to see which states are the best -- and worst -- places to be unemployed.

Stocks Recover as Yen Retreats From Record Highs

A resilient performance by Japanese shares helped stocks in Europe and the U.S. Thursday, while the yen pulled back from a record high against the dollar amid expectations that finance chiefs from the world's industrialized nations will discuss how to ease the currency's rise.

Consumer Sentiment Plunges as Gas Prices Surge

Bad economic news across the board is weighing on Americans' mood this month. The consumer sentiment index fell to a 5-month low in March, thanks to increases in the U.S. trade deficit, higher jobless claims, and a more than 40-cent jump in the price of a gallon of gas.

Why Weekly Jobless Claims Below 400,000 Is Key

Economists and commentators talk why initial jobless claims need to falling below the 400,000 level. But exactly why is that number significant for the U.S. economy and investors? Here's the lowdown, based on the past performance of jobless claims and economic growth.

Week in Preview: Employment, Bernanke & More Retail Earnings

This week we turn the calendar page, and that change brings with it a raft of economic data. Fed Chairman Ben Bernanke will deliver his semiannual monetary policy testimony before Congress, while Wall Street waits on more earnings reports.

Consumer Sentiment Jumps to Highest Level Since June

It was another decent week for the U.S. economy as initial jobless claims fell below the psychologically significant 400,000 level, and the consumer sentiment index rose to its highest level in eight months, indicating that Americans are increasingly confident that better days are ahead.

Sentiment Index Gets a Small Boost From Improving Economy

The latest consumer sentiment index reading continues to show an American public that expects better days ahead, and fourth quarter GDP growth indicates a strengthening economy. But countervailing pressures remain: Initial jobless claims unexpectedly rose, and gas prices are high.

A Rising Economy Is Pushing Down Treasurys

Doomsayers insist the recent rapid rise in yields signals the nation's creditors finally getting fed up with financing U.S. deficits. But a stronger argument can be made for blaming the better-than-expected economic reports that have been piling up recently.

New Jobless Claims Slide to 420,000 in Latest Report

The slowly improving tone to the U.S. job market continued with the latest weekly report on new unemployment claims. The less volatile four-week moving average also dropped again, to 422,750. That's its lowest level since August 2008.

New Jobless Claims Drop, Approach Key Level

There was excellent news on the labor front this week as the government reported that initial jobless claims plunged 34,000 to 407,000. Jobless claims are now nearing a key threshold that would suggest commercial activity is increasing at a pace that would prompt more companies to resume hiring.

Consumer Sentiment Rises to Highest Level Since June

The consumer sentiment index rose to its highest level in five months in November, propelled by a slightly better economic outlook. However, despite the gain, sentiment remains at a low level, and not high enough to suggest a surge in consumer spending anytime soon.

Another Big Drop for Initial Jobless Claims

merica's labor market got more good news with word of a 24,000 drop, to 435,000, in weekly jobless claims. A Bloomberg survey had expected a total of 450,000. In perhaps better news, the four-week moving average sank another 10,000 to 446,500.

Initial Jobless Claims Higher Than Expected

In another setback on the employment front, initial jobless claims jumped a larger than anticipated 20,000 to 457,000, the Labor Department announced Thursday. Economists surveyed by Bloomberg had predicted initial jobless claims would total 443,000.

Consumer Sentiment Dips on Economic Concerns Ahead of Elections

Consumer sentiment dipped to 67.2 in October -- its lowest reading in about a year. Further, there%u2019s no mystery behind consumers%u2019 protracted melancholy mood: Economic uncertainty. Sentiment is not likely to rise until Americans are certain job market conditions are improving and their incomes are rising.

Jobless Claims Fall as Recovery Sputters Along

U.S. initial jobless claims fell by 23,000 to 452,000 last week, but the decline was offset somewhat by the fact that the prior week%u2019s claims total was revised upward by 13,000. The numbers were a little better than expected, but still not enough to indicate a recovery gaining momentum.

Initial Jobless Claims Unexpectedly Rise 13,000 to 462,000

Just call this week%u2019s labor report a wash: Initial jobless claims unexpectedly jumped 13,000 to 462,000, but continuing claims plunged another 112,000, and the trend in state-level claims continues to provide evidence that the period of layoffs is subsiding.

What Will the Fed Do With So-So Results?

The recent stream of modestly positive economic reports means the Fed probably won't take any further action to stimulate the economy at its meeting on Tuesday. But nobody is calling the economy healthy yet, and the debate over what the Fed should do next has the FOMC deeply divided.

Hopes Rise as Weekly Jobless Claims Fall

Initial jobless claims dipped more than expected to 450,000 last week, while continuing claims plunged 84,000 to 4.49 million, signaling another week of modest progress on the labor front. Economists and policy makers hope that after a rise boosted in part by seasonal, summer layoffs, jobless claims, which have decreased about 11% since early summer, will keep trending lower this fall.

Initial Jobless Claims Take a Hopeful Dive

Initial jobless claims unexpectedly plunged 27,000 to 451,000, the U.S. Labor Department says. That's a long shot better than what a Bloomberg survey had forecast: It found initial jobless claims would dip to 470,000.

Initial Jobless Claims Fall by 31,000 to 473,000

The Labor Department's jobless report finally brought a bit of good news Thursday: Initial jobless claims fell by an unexpectedly large 31,000 last week to 473,000. Unemployment remains at a level that policy makers consider unacceptably high, but at least it may be heading in the right direction.

Jobless Claims Hit a Nine-Month High of 500,000

Initial jobless claims continue to trend in the wrong direction, this time unexpectedly rising 12,000 to 500,000. If the uptrend persists, it would likely lead to lower corporate revenue and U.S. GDP growth in the third quarter.

Initial Jobless Claims Make a Surprise Jump

Initial jobless claims unexpectedly surged by 19,000 to 479,000, the Labor Department said Thursday, but the statistic was likely skewed higher by the normal, seasonal industrial shutdowns that happen every year in late summer.

Jobless Numbers Deliver Mixed Messages

It was a mixed-progress week on the labor front as initial jobless claims fell a better-than-expected 11,000 to 457,000, but continuing claims rose 81,000 to 4.57 million, the Labor Department reported.

Rising Jobless Claims Point to a Still-Weak Labor Market

Initial jobless claims continue to trend in the wrong direction: They rose 13,000 to 472,000 last week, the Labor Department said, and are now up 3.5% since January. The more-telling four-week moving average also rose, by 3,250 to 466,500.

Initial Claims Drop, but Job Growth Is Still Weak

Initial jobless claims unexpectedly fell last week by 19,000 to 457,000. Even so, the high level of continuing claims, 4.55 million, indicates that hiring remains tepid despite more than two quarters of economic growth.

New Jobless Claims Drop to 457,000

First-time applications for unemployment benefits fell by 19,000 to 457,000 in the week ending June 19, the Labor Department said. But the four-week average barely budged, dropping by 1,500 to 462,750 from a week earlier.