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2021-12-30

Jobless Claims Preview: Another 207,000 Likely Filed New Claims Last Week

First-time unemployment filings are expected to tick up slightly from last week’s reading but remain

Jobless Claims Preview: Another 207,000 Likely Filed New Claims Last Week

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJobless Claims Preview: Another 207,000 Likely Filed New Claims Last Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-30 08:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/weekly-unemployment-claims-week-ended-dec-25-2021-194905705.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>First-time unemployment filings are expected to tick up slightly from last week’s reading but remain near pre-pandemic lows, signaling continued recovery in the labor market as high demand for workers...</p>\n\n<a href=\"https://finance.yahoo.com/news/weekly-unemployment-claims-week-ended-dec-25-2021-194905705.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY.AU":"SPDR® S&P 500® ETF Trust"},"source_url":"https://finance.yahoo.com/news/weekly-unemployment-claims-week-ended-dec-25-2021-194905705.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2195465602","content_text":"First-time unemployment filings are expected to tick up slightly from last week’s reading but remain near pre-pandemic lows, signaling continued recovery in the labor market as high demand for workers pours into the new year.The Labor Department is scheduled to report the latest in initial and continuing claims on Thursday at 8:30 a.m. ET. Here are expectations for the prints, according to consensus estimates compiled by Bloomberg:Initial jobless claims, week ended Dec. 25: 207,000 expected vs. 205,000 during prior weekContinuing claims, week ended Dec. 18: 1.875 million vs. 1.859 million during prior weekAnalysts predict first-time filings for unemployment insurance will continue to hover below the 2019 average of 218,000, when the unemployment rate was at a half-century low of 3.5%, according to Bloomberg data. The current unemployment rate is also expected to edge down to 4.1% in December as the labor market continues to tighten.At 205,000, last week’s initial unemployment claims were on par with economist forecasts and below pre-pandemic levels yet again. Earlier in December, jobless claims fell sharply to 188,000, or the lowest level since 1969. The prints serve an early indication of the relative strength expected to show in December’s jobs report, though the economic impact of the virus remains unclear.“Fortunately, there’s no evidence in this data of a new wave of fresh job loss,” Bankrate senior economic analyst Mark Hamrick said, commenting on last week’s figures. “New claims are only slightly above the lowest point in decades notched a couple of weeks ago.”“With so much uncertainty now and the high level of concern about the Omicron variant, we’ll take stability when we can get it,” Hamrick added.Earlier this month, JPMorgan chief U.S. economist Michael Feroli predicted the unemployment rate could fall to around 3%.“It's stunning to see how much the rate has fallen in the last five months,” he told Yahoo Finance Live. “We expect that pace of decline to slow, but it doesn't take much to get below 4%, even with a tick up in the labor participation rate, which has been depressed over the last year and a half.\"Record cases of COVID-19 may discourage workers from looking for work as U.S. households continue to cite fear of COVID or virus-related caretaking needs as reasons for staying out of the job market.“The pandemic’s resurgence is affecting the economy,” Hamrick said in a note last week. “The question is for how long and how much, and it is too early to know the answers.”","news_type":1,"symbols_score_info":{"SPY.AU":0.9}},"isVote":1,"tweetType":1,"viewCount":3325,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}