US weekly jobless claims total 237,000 vs 242,000 estimate

United States Initial Jobless Claims  | Data | Chart | Calendar

BUZ INVESTORS  US weekly jobless claims  The number of Americans filing for unemployment benefits decreased by 8 thousand to 237 thousand in the week ended June 10th 2017, compared to market expectations of 242 thousand. The four-week moving average of claims, considered a better measure of labor market trends as it irons out week-to-week volatility, rose 1,000 to 243,000 last week Initial Jobless Claims in the United States averaged 357.26 Thousand from 1967 until 2017, reaching an all time high of 695 Thousand in October of 1982 and a record low of 162 Thousand in November of 1968.




US weekly jobless claims

US Jobless Claims Fall to 237K

The number of Americans filing for unemployment benefits decreased by 8 thousand to 237 thousand in the week ended June 10th 2017, compared to market expectations of 242 thousand. The four-week moving average, considered a better measure of labor market trends as it removes out week-to-week volatility, rose 1,000 to 243,000 in last week.

Jobless claims have now been below 300,000, a threshold associated with a healthy labor market, for 119 straight weeks, the longest such stretch since 1970.  The labor market is near full employment, with the jobless rate at a 16-year low of 4.3 percent.

The number of people still receiving benefits after an initial week of aid increased by 6,000 to 1.94 million in the week ended June 3rd. The continuing claims have now been below 2 million for nine straight weeks. The last time they were consistently under 2 million was in 1973.

Like up on FACEBOOK


logo



major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)




Initial jobless claims hit 234K vs estimate of 238K

|Chart | Calendar   | TRADE NOW | USD

United States Initial Jobless Claims  | Data | Chart | Calendar

BUZ INVESTORS  Initial jobless claims  The number of Americans filing for unemployment benefits increased by 1 thousand to 234 thousand in latest week, lower than market expectations of 238 thousand. It is 116th straight week that claims were below 300,000, a level associated with a healthy jobs market. In addition, the 4-week moving average which removes weekly volatility fell to 235.25 thousand, the lowest in 44 years. Initial Jobless Claims in the United States averaged 357.39 Thousand from 1967 until 2017, reaching an all time high of 695 Thousand in October of 1982 and a record low of 162 Thousand in November of 1968.



 Initial jobless claims

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2017 247.00 239.75 254.50 241.40 234.33
2016 280.40 267.50 268.00 264.60 274.75 266.75 260.00 261.00 255.00 253.80 249.75 253.20
2015 288.00 301.25 286.25 286.50 274.00 275.00 276.75 273.80 272.25 265.40 270.00 271.75
2014 327.00 335.75 323.20 323.50 313.80 314.25 301.50 301.20 297.50 287.25 292.60 284.50
* The table above displays the monthly average.
Calendar GMT Reference Actual Previous Consensus Forecast <span data-recalc-dims=(i)" data-toggle="popover" data-placement="top" data-content="Trading Economics forecasts are driven by our analysts expectations and projected using an autoregressive integrated moving average model. " data-original-title="About our Forecasts" />
2017-05-11 12:30 PM May/06 236K 238K 245K 240K
2017-05-18 12:30 PM May/13 232K 236K 240K 239K
2017-05-25 12:30 PM May/20 234K 233K 238K 236K
2017-06-01 12:30 PM May/27 234K 235K
2017-06-08 12:30 PM Jun/03 235K
2017-06-15 12:30 PM Jun/10 235K

The number of Americans filing for unemployment benefits increased by 1 thousand to 234 thousand in latest week, lower than market expectations of 238 thousand. It is 116th straight week that claims were below 300,000, a level associated with a healthy jobs market. In addition, the 4-week moving average which removes weekly volatility fell to 235.25 thousand, the lowest in 44 years.

The previous week’s level was revised up by 1,000 from 232,000 to 233,000.

The 4-week moving average was 235,250, a decrease of 5,750 from the previous week’s revised average. This is the lowest level for this average since April 14, 1973 when it was 232,750. The previous week’s average was revised up by 250 from 240,750 to 241,000.

The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending May 13, unchanged from the previous week’s unrevised rate.Continuing claims during the week ending May 13 were 1,923,000, an increase of 24,000 from the previous week’s revised level. The previous week’s level was revised up 1,000 from 1,898,000 to 1,899,000. The 4-week moving average was 1,930,250, a decrease of 16,000 from the previous week’s revised average. This is the lowest level for this average since January 19, 1974 when it was 1,920,750. The previous week’s average was revised up by 250 from 1,946,000 to 1,946,250.

Like up on FACEBOOK


logo



major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)




Jobless claims hit 232,000 vs. 240,000 estimate

|Chart | Calendar   | TRADE NOW | Jobless

United States Initial Claims | Data | Chart | Calendar

BUZ INVESTORS  Jobless claims hit 232,000  The number of Americans filing for unemployment benefits decreased by 4 thousand to 232 thousand in the week ended May 13th, 2017 from the previous week’s unrevised level of 236 thousand and below market expectations of 240 thousand. Claims fell for the third week, hitting the lowest since February and close to values seen in July of 1973 only. Meanwhile, continuing claims fell by 22 thousand to 1898 thousand, the lowest since November of 1988. Initial Jobless Claims in the United States averaged 357.43 Thousand from 1967 until 2017, reaching an all time high of 695 Thousand in October of 1982 and a record low of 162 Thousand in November of 1968.



 Jobless claims hit 232,000

The number of Americans filing for unemployment benefits decreased by 4K to 232K in latest week, the lowest level since February. It was the third straight week of falls bringing the claims close to values only seen in 1973. Meanwhile, continuing claims fell by 22K to 1898K, the lowest since November 1988.

The 4-week moving average was 2407,50, a decrease of 2,750 from the previous week’s unrevised average of 243,500.
The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending May 6, unchanged from the previous week’s unrevised rate.
Continuing claims went down to 1,898,000 in the week ended May 6th. The previous week’s level was revised up 2,000 from 1,918,000 to 1,920,000. The 4-week moving average was 1946,000, a decrease of 20,000 from the previous week’s revised average. This is the lowest level for this average since January 19, 1974 when it was 1,920,750. The previous week’s average was revised up by 500 from 1,965,500 to 1,966,000.

Like up on FACEBOOK


logo



major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)




US weekly jobless claims total 236,000 vs 245,000 estimate

|Chart | Calendar   | TRADE NOW | USD

United States Initial Claims  | Data | Chart | Calendar

BUZ INVESTORS US weekly jobless claims The number of Americans filing for unemployment benefits decreased by 2 thousand to 236 thousand in the week ended May 6th, 2017 from the previous week’s unrevised level of 238 thousand, below market expectations of 245 thousand. It is the lowest figure in four weeks. Meanwhile, the number of continuing claims fell by 61 thousand to 1918 thousand, the lowest figure since November 5th, 1988 when it was 1898 thousand.

The 4-week moving average for initial claims was 243,500, an increase of 500 from the previous week’s unrevised average of 243,000.




US weekly jobless claims

>>>TRADE NOW<<<

The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending April 29, unchanged from the previous week’s unrevised rate.For continuing claims, the previous week’s level was revised up 15,000 to 1,979,000. The 4-week moving average was 1,965,500, a decrease of 27,500 from the previous week’s revised average. This is the lowest level for this average since February 2, 1974 when it was 1,964,250. The previous week’s average was revised up by 3,750 from 1,989,250 to 1,993,000.

 

Like up on FACEBOOK


logo



major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)




Buz Investors EURUSD Marginally Higher A very light economic calendar and some easing political concerns are resulting in a modest gain in EUR/USD in today’s trading. The pair is currently at 1.0619, up 0.10% over Friday’s close.

EURUSD Euro Edges Down as German Industrial Production Beats Estimate

Chart | Calendar   | TRADE NOW | EURUSD

EURUSD Euro Edges Down as German Industrial Production Beats Estimate

EURUSD

BUZ INVESTORS  Euro Edges Down   This morning at 09:40 GMT, the EUR is trading at 1.0896 against the USD, 0.23% lower from the New York close. In economic news, Germany’s seasonally adjusted industrial production dropped less-than-expected in March. This morning, the pair traded at a high of 1.0933 and a low of 1.0892. The Euro traded 0.19% lower against the US Dollar in the New York session yesterday, with the pair closing the session at 1.0921. The pair is expected to its find support at 1.0873 and its first resistance at 1.0938.

The euro has edge lower in the Tuesday session, as the pair is currently trading at the 1.09 line. On the release front, German Industrial Production declined 0.4%, better than the forecast of 0.6%. Germany’s trade surplus fell to a 3-month low, at EUR 19.6 billion. This was short of the estimate of EUR 21.2 billion. In the US, today’s highlight is JOLTS Job Openings, which is expected to drop to 5.67 million. On Wednesday, ECB President Mario Draghi will speak about monetary policy at the Dutch House of Representatives.

German manufacturing and industrial numbers continue to beat the forecasts. Industrial production in March declined 0.4%, but this was just a blip, as industrial production in the first quarter posted a respectable gain of 0.4%. On Monday, Factory Orders came in at 1.0%, above the forecast of 0.7%. An improvement in global economic conditions has revived the demand for German exports, notably cares and machinery. Germany releases Preliminary GDP for the first quarter on Friday, with the markets predicting a gain of 0.6%. If the GDP report is stronger than expected, the euro could make a push towards the symbolic 1.10 level.




Euro Edges Down

>>>TRADE NOW<<<

Euro Dollar Exchange Rate| Data | Chart | Calendar

The EURUSD decreased 0.0049 or 0.45% to 1.0873 on Tuesday May 9 from 1.0922 in the previous trading session. Historically, the Euro Dollar Exchange Rate – EUR/USD reached an all time high of 1.87 in July of 1973 and a record low of 0.70 in February of 1985. The euro was only introduced as a currency on the first of January of 1999. However, synthetic historical prices going back much further can be modeled if we consider a weighted average of the previous currencies.

 

Like up on FACEBOOK


Ebates Coupons and Cash Back



major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)




US weekly jobless claims total 238,000 vs 247,000 estimate

Chart | Calendar   | TRADE NOW | USD

US weekly jobless claims total 238,000 vs 247,000 estimate

 BUZ INVESTORS  weekly jobless claims New applications for U.S. jobless benefits fell more than expected last week and the number of Americans on unemployment rolls hit a 17-year low,

BUZ INVESTORS  weekly jobless claims New applications for U.S. jobless benefits fell more than expected last week and the number of Americans on unemployment rolls hit a 17-year low, pointing to a tightening labor market that could encourage the Federal Reserve to raise interest rates next month.

Initial claims for state unemployment benefits dropped 19,000 to a seasonally adjusted 238,000 for the week ended April 29, the Labor Department said on Thursday. The decline unwound most of the prior two weeks’ increases in applications.

Economists say claims were distorted in recent weeks by the Easter holidays and spring breaks, which occur at different dates every year, making it difficult to strip the seasonal fluctuations from the data.




weekly jobless claims

>>>TRADE NOW<<<

United States Initial Jobless Claims | Data | Chart | Calendar

The number of Americans filing for unemployment benefits decreased by 19 thousand to 238 thousand in the week ended April 29th, 2017 from the previous week’s unrevised level of 257 thousand and below market expectations of 247 thousand. It is the lowest figure in three weeks. Meanwhile, the 4-week moving average, which removes week-to-week volatility, increased by 750 to 243 thousand. The continuing claims drawn by workers for more than a week decreased by 23 thousand from a 17-year low to 1.964 million. Initial Jobless Claims in the United States averaged 357.57 Thousand from 1967 until 2017, reaching an all time high of 695 Thousand in October of 1982 and a record low of 162 Thousand in November of 1968.

Claims have now been below 300,000, a threshold associated with a healthy labor market, for 113 straight weeks. That is the longest such stretch since 1970, when the labor market was smaller. The labor market is close to full employment, with the unemployment rate at a near 10-year low of 4.5 percent.

US Services Sector Growth Beats Expectations In April: ISM

The ISM Non-Manufacturing PMI index for the United States went up to 57.5 in April of 2017 from 55.2 in March, beating market expectations of 55.8. Business activity increased and new orders reached the highest since August of 2005 as non-manufacturers were mostly positive about business conditions and the overall economy.
Rises were seen in business activity (+2.3 to 62.4), new orders (+4.3 to 63.2), supplier deliveries (+1.5 to 53), inventories (+4 to 52.5), backlog of orders (+0.5 to 53.5) and new export orders (+3 to 65.5). In contrast, employment edged down (-0.2 to 51.4) and price pressures increased (+4.1 to 57.6).

US Factory Activity Growth Eases To 4-Month Low

The Institute for Supply Management’s Manufacturing PMI in the US fell to 54.8 in April 2017 from 57.2 in March and below market expectations of 56.5. It was the lowest reading since December 2016, as new orders and employment expanded at a slower pace.

The April PMI registered 54.8 percent, a decrease of 2.4 percentage points from the March reading of 57.2 percent.

The New Orders Index registered 57.5 percent, a decrease of 7 percentage points from the March reading of 64.5 percent.

 

The Employment Index registered 52 percent, a decrease of 6.9 percentage points from the March reading of 58.9 percent.

Like up on FACEBOOK


Ebates Coupons and Cash Back



major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)




Lithium quoted at 105.32 USD

Lithium Data | Chart | Calendar | Forecast | News   Lithium Corporation Signs Formal Agreement on Tantalum-Niobium by Jadtecnic on TradingView.com   BUZ INVESTORS Lithium quoted at 105.32 USD on Friday April 21. Historically, Lithium reached an all time high of 107.50 in April of 2017 and a record low of 62.79 in February of […]

USD 53 Million Worth of Bilur Issued After Purchase of 1 Million Oil Barrels

USD 53 Million Worth of Bilur Issued After Purchase of 1 Million Oil Barrels BUZ INVESTORS PRESS RELEASE   53 Million Worth of Bilur Issued  154,297 bilurs were issued as a result of the initial oil purchase of 1 million barrels. Current market cap at USD 53 million. Bilur is the next generation cryptocurrency as it […]

Spot gold climbed to 1279 USD per ounce Data | Chart | Calendar | Forecast | News

Spot gold climbed to 1279 USD per ounce Gold BUZ INVESTORS Spot gold climbed   Gold is trading at $1274.90 per ounce at 09:40 GMT this morning, 0.09% lower from the New York close. This morning, the precious metal traded at a high of $1281.80 per ounce and a low of $1274.40 per ounce. Yesterday, gold […]

In a message seemingly tailored to the Trump Administration’s focus on U.S. paramountcy, Mr. Girling also said the $8-billion (U.S.) pipeline project will strengthen U.S. energy security, support tens of thousands of direct and indirect jobs, and contribute approximately $3.4-billion to U.S. GDP. He noted that TransCanada employees live in 38 U.S. states where the Calgary-based firm operates, and the company is committed to working productively with stakeholders and tribal leaders. “The project is an important new piece of modern U.S. infrastructure that secures access to an abundant energy resource produced by a neighbour that shares a commitment to a clean and healthy environment,” Mr. Girling said. On Wednesday, Mr. Girling told an audience at the CIBC Whistler Institutional Investor Conference that the company has only just re-engaged with potential shippers to see if they’re still interested in committing to the project. Keystone XL was first envisioned in 2008, a time when crude oil prices topped $100 (U.S.) a barrel, and before Canadian oil producers faced intense competition from U.S. shale.

US Q1 GDP grew at 0.7% pace vs. 1.2% estimate

United States GDP Growth Rate| Data | Chart | Calendar


source: tradingeconomics.com
BUZ INVESTORS  US Q1 GDP The US economy grew an annualized 0.7 percent on quarter in the first quarter of 2017, following a 2.1 percent expansion in the previous period and below expectations of 1.1 percent, an advance estimate showed. The deceleration in real GDP in the first quarter reflected a deceleration in PCE and downturns in private inventory investment and in state and local government spending that were partly offset by an upturn in exports and accelerations in both nonresidential and residential fixed investment.



US Q1 GDP

TRADE NOW

Personal consumption expenditure (PCE) contributed 0.23 percentage points to growth (2.40 percent in the previous quarter) and rose 0.3 percent (3.5 percent in the previous quarter). Spending fell for durable goods (-2.5 percent from 11.4 percent in Q4 2016) and slowed for both nondurable goods (1.5 percent from 3.3 percent) and services (0.4 percent from 2.4 percent).

 

Fixed investment added 0.69 percentage points to growth (1.47 percentage points in the previous quarter) and increased 4.3 percent, compared to a 9.4 percent expansion in the previous period.

By contrast, private inventories subtracted 0.93 percentage points to growth, after contributing 1.01 percentage points in the previous period.

Government spending and investment subtracted 0.30 percentage points to growth (0.03 percent in the previous period) and contracted 1.7 percent (0.2 percent in Q4).

Calendar GMT Reference Actual Previous Consensus Forecast <span data-recalc-dims=(i)" data-toggle="popover" data-placement="top" data-content="Trading Economics forecasts are driven by our analysts expectations and projected using an autoregressive integrated moving average model. " data-original-title="About our Forecasts" />
2017-02-28 01:30 PM Q4 1.9% 3.5% 2.1% 2.1%
2017-03-30 12:30 PM Q4 2.1% 3.5% 2% 2%
2017-04-28 12:30 PM Q1 0.7% 2.1% 1.1% 1.3%
2017-05-26 12:30 PM Q1 2.1% 1.3%
2017-06-29 12:30 PM Q1 2.1% 1.3%
2017-07-28 12:30 PM Q2 2.1%

 

Like up on FACEBOOK


Ebates Coupons and Cash Back



major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD)




 

OTHER RELATED STORIES

US GDP Growth Revised Up To 2.1% In Q4
The US economy advanced an annualized 2.1 percent on quarter in the fourth quarter of 2016, higher than 1.9 percent in the previous estimates, final figures showed. Consumer spending and inventories increased faster than anticipated while investment rose less and net trade subtracted more from growth. In 2016, the GDP expanded 1.6 percent, the lowest since 2011.
Published on 2017-03-30

US GDP Growth Confirmed At 1.9% In Q4
The US economy advanced an annualized 1.9 percent on quarter in the last three months of 2016, slowing from a 3.5 percent growth in the previous period and matching earlier estimates. Consumer spending rose faster than anticipated while business investment was revised lower. In 2016, the GDP expanded 1.6%, the lowest since 2011.
Published on 2017-02-28

US GDP Growth Slows to 1.9% in Q4
The US economy advanced an annualized 1.9% on quarter in Q4, below expectations of 2.2%. Exports slumped reversing the impact from the surge in soybean shipments in Q3 and consumer spending slowed while investment jumped, boosted by equipment and home building. In 2016, the GDP expanded 1.6%, the lowest since 2011.
Published on 2017-01-27  

US weekly jobless claims total 257,000 vs 242,000 estimate

US Jobless Claims Rise More Than Expected


source: tradingeconomics.com
BUZ INVESTORS  US weekly jobless claims  The number of Americans filing for unemployment benefits increased by 14 thousand to 257 thousand in the week ended April 22nd 2017 from the previous week’s revised level of 243 thousand and above market expectations of 245 thousand.

Claims have now been below 300,000 for 112 straight weeks, the longest such stretch since 1970.
The 4-week moving average was 242,250, a decrease of 500 from the previous week’s revised average. The previous week’s average was revised down by 250 from 243,000 to 242,750.




US weekly jobless claims

TRADE NoW

The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending April 15, unchanged from the previous week’s unrevised rate.

 

The continuing claims drawn by workers for more than a week (the advance number for seasonally adjusted insured unemployment) during the week ending April 15 was 1,988,000, an increase of 10,000 from the previous week’s revised level. The previous week’s level was revised down by 1,000 from 1,979,000 to 1,978,000. The 4-week moving average was 2,007,250, a decrease of 16,000 from the previous week’s revised average. This is the lowest level for this average since June 10, 2000 when it was 2,006,000. The previous week’s average was revised down by 250 from 2,023,500 to 2,023,250.

Like up on FACEBOOK


Ebates Coupons and Cash Back



major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD)

2017-04-13 12:30 PM Apr/08 234K 235K 245K 241K
2017-04-20 12:30 PM Apr/15 244K 234K 242K 240K
2017-04-27 12:30 PM Apr/22 257K 243K 245K 244K
2017-05-04 12:30 PM Apr/29 257K 251K
2017-05-11 12:30 PM May/06 248K
2017-05-18 12:30 PM May/13 249K

 




OTHER RELATED STORIES 

US Jobless Claims Rise More Than Expected
The number of Americans filing for unemployment benefits increased by 10 thousand to 244 thousand in the week ended April 15th 2017 from the previous week’s unrevised level of 234 thousand and above market expectations of 242 thousand.
Published on 2017-04-20

US Initial Jobless Claims Edge Down To 234K
The number of Americans filing for unemployment benefits decreased by 1 thousand to 234 thousand in the week ended April 8th 2017 from the previous period, below expectations of 245 thousand. It is the lowest figure in six weeks. The 4-week moving average that removes week-to-week volatility fell by 3 thousand to 247.25 thousand.
Published on 2017-04-13

US Jobless Claims At 5-Week Low
The number of Americans filing for unemployment benefits decreased by 25 thousand to 234 thousand in the week ended April 1st 2017 from the previous period, well below expectations of 250 thousand. It is the lowest figure in five weeks and the largest decline since April of 2015. The 4-week moving average that removes week-to-week volatility fell by 4.5 thousand to 250 thousand.
Published on 2017-04-06

US weekly jobless claims total 244,000 vs 242,000 estimate

United States Initial Jobless Claims Data | Chart | Calendar


source: tradingeconomics.com
BUZ INVESTORS  US weekly jobless claims  The number of Americans filing for unemployment benefits increased by 10 thousand to 244 thousand in the week ended April 15th 2017 from the previous week’s unrevised level of 234 thousand and above market expectations of 242 thousand.

Claims have now been below 300,000 for 111 straight weeks, the longest such stretch since 1970.

The 4-week moving average was 243,000, a decrease of 4,250 from the previous week’s unrevised average of 247,250.




US weekly jobless claims

The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending April 8, a decrease of 0.1 percentage point from the previous week’s unrevised rate.
The continuing claims drawn by workers for more than a week (the advance number for seasonally adjusted insured unemployment) during the week ending April 8 was 1,979,000, a decrease of 49,000 from the previous week’s unrevised level of 2,028,000. This is the lowest level for insured unemployment since April 15, 2000 when it was 1,962,000. The 4-week moving average was 2,023,500, a decrease of 2,000 from the previous week’s unrevised average of 2,025,500. This is the lowest level for this average since June 17, 2000 when it was 2,016,750.

 

Like up on FACEBOOK


Ebates Coupons and Cash Back



major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD)