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  • Unemployment insurance weekly claims

    From dol.gov Story is in PDF Format

    In the week ending October 2, the advance figure for seasonally adjusted initial claims was 326,000, a decrease of 38,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 362,000 to 364,000. The 4-week moving average was 344,000, an increase of 3,500 from the previous week's revised average. The previous week's average was revised up by 500 from 340,000 to 340,500. The advance seasonally adjusted insured unemployment rate was 2.0 percent for the week ending September 25, a decrease of 0.1 percentage point from the previous week's revised rate. The previous week's rate was ... (full story)

Added at 8:32am
  • Jobless claims total 326,000, lower than 345,000 estimate

    From cnbc.com

    The total of Americans submitting jobless claims fell sharply last week as the enhanced unemployment benefits ended, the Labor Department reported Thursday. Initial filings for unemployment benefits totaled 326,000 for the week ended Oct. 2, below the 345,000 Dow Jones estimate and a drop from the previous week’s 364,000. The numbers came at a time when most pandemic-related programs that extended unemployment benefits are winding down, and amid hopes that declining Covid cases will spark a round of more aggressive hiring heading into the fall. Stock market futures rose slightly following the report, adding to ... (full story)

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  • Comment #1
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  • Oct 7, 2021 9:00am Oct 7, 2021 9:00am
  •  Prof.Trader
  • | Commercial Member | Joined Jan 2018 | 718 Comments
Low Unemployment Weekly Claims is Good News for Low Unempolyment Rate released tomorrow.
Based on the latest Powell spoke, The Fed can tapering and maybe lift the rates, if Job Market is Good with Low Unemployment Rate and High Inflation.
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  • Comment #2
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  • Oct 7, 2021 9:02am Oct 7, 2021 9:02am
  •  BaliBoyz80
  • | Joined Mar 2020 | Status: Member | 648 Comments | Online Now
what use news in this era ? only need individual speak speak and speak not a formal statement.....lol
 
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  • Comment #3
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  • Oct 7, 2021 9:44am Oct 7, 2021 9:44am
  •  Explorer-1
  • | Joined Apr 2019 | Status: Member | 40 Comments
this report in addition to yesterday's ADP data should arrange things well for tomorrow's NFP report
 
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  • Comment #4
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  • Oct 7, 2021 10:30am Oct 7, 2021 10:30am
  •  hesron
  • Joined Dec 2012 | Status: Member | 1435 Comments
so market still sideways .......... this news will be effective for tomorrow when NFP come .... hopely sideways complete until NFP come ..... EURUSD UP UP
All my analysis is based on Wyckoff Methods
 
 
  • Comment #5
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  • Oct 7, 2021 10:33am Oct 7, 2021 10:33am
  •  RedCable
  • | Joined May 2020 | Status: Member | 28 Comments | Online Now
Every time positive data comes out, market runs backwards !!
 
 
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  • Story Stats
  • Posted: Oct 7, 2021 8:30am
  • Submitted by:
     Newsstand
    Category: Medium Impact Breaking News
    Comments: 5  /  Views: 2,707
  • Linked event:
    USD Unemployment Claims
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