US Weekly Jobless Claims Drop to 49-yr Lows

US Weekly Jobless Claims Drop to 49-yr Lows

US Weekly Jobless Claims Drop to 49-yr Lows The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting its lowest level in 49 yrs and pointing to robust labor market conditions. Initial claims for state unemployment benefits slipped 1,000 to a seasonally adjusted 204,000 for the week ended 8 September, the lowest […]

US Weekly Jobless Claims Fall Unexpectedly 

US Weekly Jobless Claims Fall Unexpectedly 

US Weekly Jobless Claims Fall Unexpectedly The number of Americans filing for unemployment benefits unexpectedly fell last week, suggesting that a strong economy is helping the labor market weather ongoing trade tensions between the United States along with a host of other countries. Initial claims for state unemployment benefits slipped 6,000 to a seasonally adjusted […]

US Labor Market Tightens, Jobless Claims Fall

US Labor Market Tightens, Jobless Claims Fall

US Labor Market Tightens, Jobless Claims Fall $DIA, $SPY, $QQQ, $RUTX, $VXX The number of Americans filing for unemployment benefits fell last week, pointing to a further tightening in labor market conditions. The robust US labor market and firming inflation have cemented expectations the Fed will raise interest rates next week at the FOMC meeting. […]

US Jobless Claims Drop to Lowest in Nearly 50 Years

US Jobless Claims Drop to Lowest in Nearly 50 Years

US Jobless Claims Drop to Lowest in Nearly 50 Years $DIA, $SPY, $QQQ, $VXX US filings for unemployment benefits fell last week to the lowest level in almost five decades, indicating the job market remains tight, Labor Department figures showed Thursday. Highlights of Jobless Claims (Week ended 24 February) Jobless claims decreased by 10-k to […]

The Trump Effect: US Jobs Growth Strong

The Trump Effect: US Jobs Growth Strong

The Trump Effect: US Jobs Growth Strong $DIA, $SPY, $QQQ, $VXX The number of Americans filing for unemployment benefits fell to a near 45-year low last week, pointing to strong job growth in February and solid momentum in the economy. The economy’s brightening prospects were also underscored by other data Thursday showing a gauge of […]

US Jobless Claims Dive Lowest Weekly in 45 Years

US Jobless Claims Dive Lowest Weekly in 45 Years

US Jobless Claims Dive Lowest Weekly in 45 Years The number of Americans filing for unemployment benefits fell more than expected last week to the lowest level in 45 years. Initial claims for state unemployment benefits dropped 41,000 to a seasonally adjusted 220,000 for the week ended 13 January, the lowest mark since February 1973, the […]

Applications for Jobless Benefits Fall to 236,000 in 3rd Weekly Decline

Applications for Jobless Benefits Fall to 236,000 in 3rd Weekly Decline

Applications for Jobless Benefits Fall to 236,000 in 3rd Weekly Decline The number of Americans filing for unemployment benefits fell last week, suggesting a tightening of the labor market. Initial claims for state unemployment benefits slipped 2,000 to a seasonally adjusted 236,000 for the week ended 2 December, the Labor Department said on Thursday. Data for the […]

Continuing US Jobless Claims Rose Ahead of Estimates

Continuing US Jobless Claims Rose Ahead of Estimates

Continuing US Jobless Claims Rose Ahead of Estimates $DIA, $SPY, $QQQ, $VXX The number of Americans filing for unemployment benefits rose more than estimated last week, suggesting that hurricane related claims processing has begun to improve. Initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 239,000 for the week ended 4 November, […]

The US Jobs Market is Not Rosy as the Headlines Declare

The US Jobs Market is Not Rosy as the Headlines Declare

The US Jobs Market is Not Rosy as the Headlines Declare $DIA, $SPY, $QQQ, $VXX The Question over the strength of today’s job market is Key to understanding the durability of the US economy and the markets looking ahead. The Team at Morningside Hill weighed on the US Jobs numbers today giving us a good […]

US Jobs Situation Report Damaging, Virtually No Jobs Created in May

US Jobs Situation Report Damaging, Virtually No Jobs Created in May

US Jobs Situation Report Damaging, Virtually No Jobs Created in May $DIA, $SPY, $QQQ, $VXX Donald Trump said the surprisingly weak US jobs situation data for May released on Friday was “terrible”, a “bombshell.” “Terrible jobs report just reported. Only 38,000 jobs added. Bombshell!” Trump said in a post on Twitter shortly after the US […]

Obama Admin, Fed Laud Economic Growth, Consumers Disagree

Obama Admin, Fed Laud Economic Growth, Consumers Disagree

Obama Admin, Fed Laud Economic Growth, Consumers Disagree $DIA, $SPY, $QQQ, $VXX Consumer Confidence unexpectedly fell in May for a 2nd month as American consumers are less than enthusiastic about the current state of the economy, a report from the New York-based Conference Board showed Tuesday. The Conference Board’s Sentiment Index fell to 92.6 i […]

Friday’s Technical Outlook for the DJIA (.DIA)

Friday’s Technical Outlook for the DJIA (.DIA)

Friday’s Technical Outlook for the DJIA (.DIA) $DIA, $.DJI US stocks finished sharply lower Thursday after data showed US GDP growth advanced at its slowest pace in 2 years and jobless claims rose more than expected. The DJIA lost 210 pts, or 1.17%, to close at 17,830.76, recording the biggest 1-day fall since 11 February […]