Jobless Claims
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According to recent data, nearly half a million people dropped out of the workforce. Where are the workers going and how are they making a living? CNBC's Steve Liesman; Dan Mitchell, CATO Institute; and Christian Weller, Center for American Progress, discuss the nation's vanishing workforce.
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CNBC's Rick Santelli reports that initial jobless claims were up 16,000 to 357,000, and the final GDP revision is up .4 percent as opposed to the initial .1 percent estimate. With Barbara Marcin, Gabelli Dividend & Income Fund portfolio manager, and Michael Santoli, senior columnist, Yahoo Finance.
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WHAT: Labor Department initial Jobless Claims, weekly. IFR COMMENTARY: "After four weeks of consensus-beating improvements, we look for the initial claims figure to come in at around 342 k for the week ending March 23rd, just slightly above the prior week's initial reading of 336 k.
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*Brokerages cut price targets on Oracle after Q3 miss. NEW YORK, March 21- Wall Street was set for a flat open on Thursday as jobless claims last week were in line with expectations and investors awaited data on housing and regional manufacturing. A solution to Cyprus's financial "mess" kept investors cautious.
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WASHINGTON, March 21- The number of Americans filing new claims for jobless benefits edged higher last week, but a trend reading dropped to its lowest in five years and pointed to ongoing healing in the labor market.
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*Brokerages cut price targets on Oracle after Q3 miss. I think we will get market-friendly numbers and that could propel the S&P 500 to new record highs, " Peter Cardillo, chief market economist at Rockwell Global Capital in New York.
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March 21- U.S. Labor Department report of initial state jobless benefit claims, seasonally adjusted. Initial Claims: March 9 from 332,000; Feb 9 from 343,000. Four-Week Average: March 9 from 346,750; March 2 from 349,750; Feb. 23 from 356,000.
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WASHINGTON, March 21- The number of Americans filing new claims for jobless benefits edged higher last week, but a trend reading dropped to its lowest in five years and pointed to ongoing healing in the labor market. Initial claims for state unemployment benefits rose 2,000 to a seasonally adjusted 336,000, the Labor Department said on Thursday.
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CNBC's Rick Santelli breaks down the numbers on this week's unemployment report, with John Ryding, RDQ Economics chief economist.
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March 21- U.S. Labor Department report of initial state jobless benefit claims, seasonally adjusted.
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WHAT: Labor Dept. initial Jobless Claims, weekly. Continuing claims is a similar story: We look for an uptick to around 3.050 mln from the prior week's 3.024 mln, which was an 89 k drop and the lowest reading since June 2008. Our call would also leave the continuing series below its current 4- week moving average of 3.098 mln, which is the lowest since July 2008. "
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The number of Britons claiming unemployment benefit fell in February to a 20-month low, official data showed on Wednesday.
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WASHINGTON, March 14- The number of Americans filing new claims for unemployment benefits dropped for a third straight week last week, the latest indication the labor market recovery was gaining traction.
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The Treasury auctioned $13 billion 30-year bonds at the highest auction yield in a year, as stronger U.S. economic data has been weighing on bond prices.
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WASHINGTON, March 14- The number of Americans filing new claims for unemployment benefits dropped for a third straight week last week, the latest indication the labor market recovery was gaining traction.
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WASHINGTON, March 14- The number of Americans filing new claims for unemployment benefits dropped for a third straight week last week, the latest indication the labor market recovery was gaining traction.
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WASHINGTON, March 14- The number of Americans filing new claims for unemployment benefits dropped for a third straight week last week, the latest indication the labor market recovery was gaining traction.
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*Weekly jobless claims fall 10,000. WASHINGTON, March 14- The number of Americans filing new claims for unemployment benefits dropped for a third straight week last week, the latest indication the labor market recovery was gaining traction.
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*Weekly jobless claims fall 10,000. WASHINGTON, March 14- The number of Americans filing new claims for unemployment benefits dropped for a third straight week last week, the latest indication the labor market recovery was gaining traction.
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NEW YORK, March 14- U.S. Treasuries extended price losses on Thursday as fewer than expected claims for jobless benefits in the latest week suggested improvement in the U.S labor market.
