Jobless claims soar to a more than 2-year high of 252,000
The numbers: The number of Americans who applied for unemployment benefits in early December soared to highest level in more than two years, but the spike was likely tied to a later than usual Thanksgiving holiday instead of rising layoffs.
Economists polled by MarketWatch estimated new claims would total 220,000 in the seven days ended Dec. 7.What happened: Raw or unadjusted jobless claims show unusually large increases in a number of states, including California, New York, Texas, Pennsylvania, Georgia and Minnesota. The Thanksgiving holiday, which falls in different weeks each year, appears to have thrown off the government’s process of adjusting jobless claims for seasonal swings in employment. The holiday took place on Nov. 22 in 2018 and on Nov. 28 in 2019.
Meanwhile, the number of people already collecting unemployment benefits, known as continuing claims, fell by 31,000 to 1.67 million. Big picture: Economists predicted claims would shoot higher after a surprisingly low 203,000 reading in the last week of November. In all likelihood jobless claims will subside in the next few weeks as the effects of the Thanksgiving holiday fade. Wall Street will be watching closely to see that it does.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Jobless claims, tech earnings, UK election: 3 things to watch for in the markets on ThursdayWe'll get weekly jobless claims, earnings from Oracle, Adobe and Broadcom and the U.K. will hold its general election on Thursday.
Leer más »
Singapore third-quarter jobless rate edges up to decade-high of 2.3%Singapore's unemployment rate in the third quarter edged up to its highest ...
Leer más »
Nonbinary pronoun 'they' is Merriam Webster's Word of the YearSearches for the singular pronoun 'they' — commonly used to refer to gender nonbinary people — have soared 313 percent this year, Merriam-Webster revealed.
Leer más »
Woods, Couples continue golden Presidents Cup allianceThe Presidents Cup has showcased high-quality pairings throughout its 25-year hi...
Leer más »
Ask a Teacher: My Daughter’s Creepy Teacher Says Santa Is Watching Through Cameras and Won’t Bring Presents Unless They BehaveI object to this method of discipline on so many different levels. My daughter doesn’t even believe in Santa!
Leer más »
8-Year-Old Loses a Shoe, Nabs a 5K PR While Honoring Grandfather“There was no way I was going to stop. I had to beat my best time ever for Papa. He will still be at all my races, watching from heaven.”
Leer más »