All articles tagged with #unemploymentclaims
U.S. weekly initial jobless claims rose to 200,000 for the week ending May 2, but remain near historically low levels as hiring slows gradually; the four-week average slid to 203,250, while inflation and energy costs stay elevated amid the Iran war, and the Fed has kept rates steady in a backdrop of a still-healthy but cooling job market.
For the week ending Feb 21, US seasonally adjusted initial unemployment claims totaled 212,000 (up 4,000 from the revised prior week’s 208,000); the 4-week moving average rose to 220,250 (+750). The insured unemployment rate was 1.2% for the week ending Feb 14, unchanged from the prior week.
Major stock indexes, including the Dow Jones, rose as Nvidia shares gained following better-than-expected earnings, despite a modest sales outlook. Initial unemployment claims fell unexpectedly, boosting market sentiment. The 10-year Treasury yield increased, and oil prices rose. Key stocks like Baidu, Deere, and Snowflake showed significant premarket movements, with Snowflake surging over 24%. The Philadelphia Fed manufacturing index declined, while notable companies like Salesforce and Broadcom showed positive stock movements.