The Jobs Number Tomorrow Could Set Tone For “Sell In May?….” Initial jobless claims fell to a seasonally adjusted 324,000 for the week ending April 27, according to a Labor Department. Claims for jobless benefits fell 5.3 percent after dropping 2.8 percent in the prior week and most economists were expecting an increase to 345,000. …
Are stocks signaling a much weaker economy than expected earlier in 2013? The U.S. Department of Labor said initial claims for unemployment insurance benefits rose last week. Jobless claims rose by 4,000 from the prior week of 348,000 and are evidence the labor market remains weak. A weak labor market continues to have negative effects…
Maybe Cyrus really does matter? Initial claims for state unemployment benefits rose 2,000 the Labor Department said on Thursday to a seasonally adjusted 336,000, which didn’t help market sentiment early today. Traders were given no more positive news from across the pond from Cyprus as the banking crisis continued and was followed by the Standard and…
Jobless Claims Rise To Highest Level In Six Weeks As Dow Loses February 2013 Gains: Economic data didn’t help stock picking as the Dow Jones Industrial Average fell to 13,880.62 losing 46.92 points or 0.34 percent. The Dow was down nearly triple digits but rebounded late in the session to almost positive territory. The NASDAQ and S&P…
Jobless Claims Fall By 35,000, Draghi Vows To Do “Whatever It Takes” To Keep EU Together: Unemployment claims for the week ended July 21, 2012 fell according to Labor Department today. Applications for jobless benefits fell by 35,000 and this was positive news for estimates of the unemployment rate in July. Jobless benefits claims have…
