Initial jobless claims above 300K for third week

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The Initial Jobless Claims Report reflects the number of people who filed an initial claim for unemployment benefits during the prior week, so the report reflects growth or shrinkage in this.

Weekly Jobless Claims Fall, But 4-Week Average Still Above. – Home News Economy Weekly Jobless Claims Fall, But 4-Week Average Still Above 300K.. Thursday’s claims report showed the number of people still receiving benefits after an initial week of aid.

The Department of Labor’s weekly jobless claims continues to surprise this week as seasonally adjusted initial jobless claims fell to 202K from a revised 212K last week. This comes in complete contrast of what briefly appeared to be a bottoming out of claims earlier this year, as that increase has now been more than erased.

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WASHINGTON, May 15 (Reuters) – The number of U.S. workers filing claims for initial jobless. in the week ended May 3, the latest period for which figures were available. It was the third.

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While relegated to the backburner due to the underwhelming stimulus announced by the ECB, we saw another week of solid jobless claims data. back then the population was a third smaller than it is.

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Initial Jobless Claims again came in at an extremely low 211K (unchanged from the previous week), and the consumer price index (CPI) hit the tape only lukewarm at best at +0.2% headline.

There was a bump last week in initial unemployment claims, interrupting an otherwise encouraging trend, but the new data points in the right direction. Jobless claims improve, drop below 300k.