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Thread: Weekly jobless claims

  1. #13

    Default Re: Market News

    Jobless claims fall again as enhanced pandemic benefits fade away

    KEY POINTS

    First-time filings for jobless claims totaled 290,000 for the week ended Oct. 16.

    That was down 6,000 from the previous week and below the 300,000 Dow Jones estimate.

    Continuing claims also dropped to a new pandemic low, falling to 2.48 million.
    https://www.cnbc.com/2021/10/21/us-j...-estimate.html
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Please do your own due diligence.

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  3. #14

    Default Re: Market News

    Jobless claims little changed in potential sign that layoffs have hit a plateau

    First-time jobless claims totaled 268,000 last week, a drop of 1,000 from the week before and ahead of the 260,000 estimate.

    The total was in keeping with the past month, indicating that the labor market may be leveling off.

    In a separate report, the Philadelphia Fed’s manufacturing index was much stronger than expected.
    https://www.cnbc.com/2021/11/18/us-jobless-claims.html
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Please do your own due diligence.

  4.  
  5. #15

    Default Re: Market News

    Weekly jobless claims post stunning decline to 199,000, the lowest level since 1969

    Initial jobless claims totaled 199,000 last week, the lowest total since November 1969.

    Second-quarter GDP growth was revised slightly higher to 2.1%, a bit below estimates.

    Orders for long-lasting goods fell 0.5% for the month, below the expectation for a small gain.
    https://www.cnbc.com/2021/11/24/us-j...ince-1969.html
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Please do your own due diligence.

  6.  
  7. #16

    Join Date
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    Default Weekly jobless claims

    Economy is booming. Fourth quarter GDP accelerating nicely now- Just wait until the jobs from the last bill start appearing. We are doing great.


    Sent from my iPhone using TSP Talk Forums

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  9. #17

    Default Re: Weekly jobless claims

    That's good for the general well being of the country, but the stock market has been reacting to this potential for 20 months. So now it may start looking ahead to the the rate hikes that would normally follow a recovery. Give the Fed something to worry about, and the market will continue to climb that wall of worry. Smooth sailing means the Fed will put on the breaks. One or two hikes may be tolerated but history shows three rate hikes can stop a bull market. So, we don't want things to get too hot.

    Happy Thanksgiving!
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Please do your own due diligence.

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