The Dow Jones Industrial Average briefly rose 175 points Thursday after the Labor Department’s surprise jump in first-time jobless claims. The price of Bitcoin declined 2% Thursday, as crypto ba...
Tag: jobless
Jobless Claims Unexpectedly Rise To 2023 High As Fed Hikes Threaten New Waves Of Layoffs
Topline New weekly jobless claims rose to the highest level of the year last week despite projections they would remain near historically low levels—signaling more waves of layoffs could be on the way...
U.S. Jobless Claims Record Highest Weekly Increase; Bitcoin Price Jumps
According to the U.S. Bureau of Labor Statistics’ most recent data on the country’s unemployment growth, the initial jobless claims jumped to 211,000 in February. Although this is more than the 190K c...
Dow Jones Falls 225 Points After Jobless Claims; Netflix Earnings Due
The Dow Jones Industrial Average dropped more than 225 points Thursday morning after the Labor Department’s first-time jobless claims. Meanwhile, Netflix (NFLX) earnings are due out after the ma...
Dow up over 350 points, stocks rebound after jobless claims data deemed ‘welcome news for the Fed’
U.S. stocks advanced on Thursday afternoon, erasing losses from earlier in the week during the second-to-last trading session of the year. The main indexes built on premarket gains after U.S. weekly j...
Dow Jones Dives On Jobless Claims, GDP; CarMax Plunges On ‘Vehicle Affordability Issues’
The Dow Jones Industrial Average dived more than 400 points Thursday in the wake of first-time jobless claims and another estimate for third-quarter gross domestic product. Chip stocks came under pres...
If You’re Jobless, Here’s Where You Might Want to Move
Much has been made of the labor shortage plaguing American businesses. You may have seen it yourself, say, in a restaurant where your meatloaf got cold because not enough waitstaff was working. Person...
Dow Jones Dives 700 Points After Jobless Claims, Retail Sales; Tesla Hits New Low On Musk Sales
The Dow Jones Industrial Average sold off more than 700 points Thursday after U.S. jobless claims and retail sales data were released. The stock market threatened to add to Wednesday’s Federal R...
Dow Jones Rallies On Jobless Claims; Inflation Data Next; Tesla Stock Skids Near 2022 Lows
The Dow Jones Industrial Average rallied more than 200 points Thursday as energy stocks and China-exposed issues boosted early trade. The Labor Department’s weekly jobless claims data proved hig...
Jobless Claims Fall Despite Layoffs And Inflation
| Getty Images Key Takeaways Despite constant fears of high inflation and news of layoffs, the October jobs report announced that 261,000 non-farm jobs were added. The Fed has been watching the labor ...
U.S. Jobless Claims Touch 240,000 As Labor Market Cools
Applications for unemployment benefits in the United States reached a three-month high last week, which is a sign that the labor market is beginning to loosen its grip after a wave of layoffs at techn...
Crypto Market Reacts Positively to U.S. Jobless Claims Increase
9 hours ago | 2 mins read Bitcoin News The number of Americans filing for unemployment benefits increased by 17,000 to 240,000. Ethereum rose 4% in the last 24 hours as per CMC. In the United States, ...
Labor costs show slower rise, while trade deficit widens and jobless claims nudge lower
The cost of labor rose less than expected, but low productivity helped keep the pressure on inflation in the third quarter, according to Labor Department data released Thursday. Unit labor costs, a me...
Bitcoin Price Seen Climbing As Surge In Jobless Claims Can Trigger Crypto Rally
Bitcoin, as with other cryptocurrencies, is not a legal tender issued by the government. It is not fiat and therefore won’t give in to inflationary pressures like the one being experienced in the Unit...
Market Hawkishness Likely to Reduce Post U.S Jobless Claims
10 hours ago | 2 mins read Bitcoin News A surge in new unemployment claims may spark a cryptocurrency bull run. The cryptocurrency market’s future is being set by the state of the economy as a whole. ...
US Jobless Claims Released, A Strong Crypto Rally Expected
The US Department of Labor has released the initial jobless claims for this week. The initial jobless claims rose to 219,000. The economists expected the jobless claims to be at 204,000. The claims we...
Jobless claims hit five-month low despite Fed’s efforts to slow labor market
A person arranges groceries in El Progreso Market in the Mount Pleasant neighborhood of Washington, D.C., August 19, 2022. Sarah Silbiger | Reuters Initial filings for unemployment claims fell last we...
Jobless claims total 232,000, the lowest level in two months
Initial filings for unemployment insurance fell to their lowest level since late June last week, a sign that the labor market is resilient amid a slowing economy. Claims totaled 232,000 for the week e...
Jobless claims edge lower as Fed looks to cool labor market
A “We’re Hiring” sign is posted at a Target store on August 05, 2022 in San Rafael, California. Justin Sullivan | Getty Images Initial filings for unemployment benefits declined slig...
US weekly jobless claims rise to 260,000 ahead of nonfarm payrolls report
A sign for hire is posted on the window of a Chipotle restaurant in New York, April 29, 2022. Shannon Stapleton | Reuters Initial claims for unemployment insurance totaled 260,000 last week, near the ...
U.S. jobless claims hit 8-month high: what does it mean for stock market?
S&P 500, on Thursday, ended in the green again after the weekly jobless claims hit an eight-month high of 251,000. How does that fit into the macro picture? In comparison, the Dow Jones estimate w...
Blockchain.com Renders A Quarter Of Its Workforce Jobless As Bear Market Bites
Blockchain.com has announced on Thursday that it was slashing a quarter of its global workforce, multiple sources disclosed. The Luxembourg-based cryptocurrency exchange had swiftly grown during the b...
Jobless claims rise again in another sign that labor market is cooling
A man walks past a “Now Hiring” sign in New York City on July 8, 2022. Angela Weiss | AFP | Getty Images Initial jobless claims hit their highest level since mid-November last week, the la...
Weekly Jobless Claims Hit New High For 2022
Topline New applications for unemployment benefits hit an 8-month high last week, though overall jobless claims remain low, according to a report released by the Labor Department on Thursday, as some ...
BlockFi And Crypto.com Render Hundreds Of Staff Jobless As Crypto Market Bleeds
BlockFi announced in a blog post Tuesday that it is letting go of a sizable number of staff: 20 percent of its total headcount, or around 170 to 200 employees. Zac Prince, the CEO of the crypto tradin...
Jobless Claims Keep Rising Unexpectedly—Experts Worry Stock Market Crash Could Have Spillover Effects On Economy
Topline As markets fend off one of the worst sell-offs in nearly two years, new jobless claims posted an unexpected increase for the third straight week on Thursday, according to data released by the ...
US weekly jobless claims
The labor market tightened further last week, with initial jobless claims falling to their lowest level in more than 53 years, the Labor Department reported Thursday. Initial filings for unemployment ...
Jobless Claims Hit New Pandemic Low—Number Of Americans Receiving Unemployment Benefits Falls To 1.4 Million
Topline New jobless claims fell sharply last week to their lowest level during the pandemic, performing better than economists expected as a strong labor market recovery encourages Federal Reserve off...
Jobless claims GDP:
Weekly jobless claims came in slightly less than expected last week and economic growth to end 2021 was slightly better than originally reported, according to government data released Thursday. Initia...
Weekly jobless claims total 238,000, fewer than expected
Initial filings for unemployment claims totaled a bit fewer than expected last week as companies looked to overcome the impact of the omicron spread. Claims for the week ended Jan. 29 were 238,000, a ...