Initial unemployment claims hit highest level since September, and Federal Reserve Chair Jerome Powell warns official data could be overestimating job creation by up to 60K jobs a month
Applications for purchase mortgages hit a seasonally adjusted 2025 high last week, with FHA, VA, and USDA applications for less pricey homes driving the surge, MBA lender survey shows
Initial jobless claims climbed last week to the highest level since Oct. 23, 2021, but investors and economists are expecting 3 small rate cuts this year rather than a dramatic move on Sept. 17
Key Fed inflation metric expected to drop June 28 following unexpected decline in May wholesale prices and jump in weekly jobless claims to 242K workers, highest level since August 2023
The index for shelter rose 0.3% between September and October and was up 6.7% year over year, according to CPI data released Tuesday
Drop in unemployment claims on the heels of hawkish Fed warnings sends 10-year Treasury yields soaring to a 15-year high, with mortgage rates likely to follow
Brokerages and other real estate companies added 6,300 new jobs in March, a rate of payroll growth that exceeded that of the U.S. at large
The Fed now has justification to keep a tight lid on interest rates. But some fear that if employers are forced to raise wages too quickly, that could spark inflationary pressures and spook bond investors
A total of 960,668 initial claims were filed, a decrease of 151,303 from the week prior, for the week ending Jan. 16, according to data Thursday from the US Labor Department
Total payrolls declined for the first time since April due to spiking COVID-19 cases
For the week ending Aug. 8, a total of 963K new unemployment claims were reported on a seasonally adjusted annual basis, a decline of 228K from the week prior
Claims have been decreasing for 15 weeks, from mid-Pandemic highs — when new unemployment claims topped 6 million — but remain ahead of pre-pandemic numbers
More than 1.4 million Americans filed for unemployment last week, according to the US Department of Labor
Total nonfarm payroll fell by 20.5M in April with heavy losses in leisure and hospitality
More than 26 million individuals have filed for unemployment since COVID-19 began spreading throughout the country