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05 Jan 2011 11:23

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Biz: Could unemployment rate drop? Key indicator looks very positive

  • 297k new payrolls among private employers in December, according to payroll processor ADP, which tracks stuff like this
  • 100k new payrolls were expected in the December survey, so this is an extremely positive sign for economic growth
  • eleven straight months of growth for private-sector payrolls … but will unemployment drop? (those numbers will come Friday) source
Posted by Ernie Smith • 0 Comments • Permalink

30 Dec 2010 12:10

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Biz: New jobless claims back down to pre-financial-crisis numbers

  • 388,000 the number of new jobless claims last week (the week of Christmas), the lowest it’s been in ages
  • 07/12/08 the last time new jobless claims dipped below 400,000 in a week – in the midst of the housing crisis source
  • » Is this a corner turned? It’s important to note that while weekly jobless claims figures aren’t exactly the end-all-be-all of unemployment statistics, the number has been headed in downward direction for weeks and is nearly 250,000 less than its peak in March 2009. While the numbers are seasonally adjusted, the Christmas holiday can have an effect on them, so it’s good to keep an eye on this number to see where it goes after the first of the year.
Posted by Ernie Smith • 0 Comments • Permalink

28 Oct 2010 10:36

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Biz: In this post, we try to find silver lining in mediocre jobless numbers

  • good New jobless claims this week are at their lowest number in about three months. Not great, but a definite improvement!
  • better Continuing jobless claims fell to their lowest level since late 2008. Hopefully that keeps up so we can stop complaining. source
Posted by Ernie Smith • 0 Comments • Permalink

26 Aug 2010 10:18

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Biz: New jobless claims not as awful as last week, still pretty awful

  • -31,000 the decrease in new jobless claims this week, which is minor, but positive, economic news
  • +3,250 the increase in jobless claims over a four-week period, which means we’re at a nine-month high source
  • » Protip on jobless claims numbers: They’re volatile and change from week to week, meaning the number that really matters is the more stable monthly figure.
Posted by Ernie Smith • 0 Comments • Permalink

19 Aug 2010 09:36

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Biz: New jobless claims back up above the magical 500,000 mark

  • 500,000number of jobless claims last week, the highest level since November
  • 12,000the increase in claims from the previous week source
Posted by Ernie Smith • 0 Comments • Permalink

20 May 2010 10:34

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Biz: Jobless claims went up this weekend; stocks freak out

  • +25,000 the jump in new initial jobless claims, the first jump in over a month
  • -3% the size of the average drops for the three major stock indexes source
Posted by Ernie Smith • 0 Comments • Permalink

13 May 2010 11:11

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Biz: Payrolls have increased, but jobless claims are still high; why?

  • People aren’t getting laid off, but jobs aren’t getting created. With a decrease in new jobless claims by less than 4,000 (there were 444,000 new jobless claims this week) against a backdrop of increasing payrolls, many are wondering why job growth isn’t faster. Some are suggesting it’s tied to the high unemployment rate. “There are more jobs being created, but the general trend is that businesses are still reluctant to hire,” said analyst Gary Shilling of A. Gary Shilling & Co. The data show that the issue is more a lack of hiring and not people getting laid off.” source
Posted by Ernie Smith • 0 Comments • Permalink
 

06 May 2010 10:41

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Biz: Fewer people making jobless claims; workers starting to get lazy

  • 7,000 fewer initial jobless claims
    than last week (it’s still fairly high,
    at 444,000, though)
  • 3.6% increase in worker productivity
    this quarter the smallest increase
    in a while source
Posted by Ernie Smith • 0 Comments • Permalink

11 Mar 2010 10:12

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Biz: Unemployment: New jobless claims down, old ones way up

  • -6,000 decrease in jobless claims this week, which is fairly modest
  • +37,000 increase in continued claims this week, which is high source
Posted by Ernie Smith • 0 Comments • Permalink

04 Mar 2010 10:58

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Biz: Road to recovery? Jobless claims drop, productivity way up

  • -29,000 the dip in new jobless claims last week, to 469,000 (this number had been affected by bad weather)
  • 6.9% the rise in productivity in the fourth quarter – more than previously forecast source
Posted by Ernie Smith • 0 Comments • Permalink
 
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