Jobs

Jobless Claims Revert Back to Caution

The Labor Department is out with its latest round of weekly jobless claims.  There was a known seasonality and weather impact that could have played a part in the last week of the year.  The tally for the last week…

By Jon C. Ogg
Published January 6, 2011, 8:34am ET · 1 min read

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Invalid Image
The Labor Department is out with its latest round of weekly jobless claims.  There was a known seasonality and weather impact that could have played a part in the last week of the year.  The tally for the last week came to a rise of 18,000 to 409,000 after the week prior report was revised to 391,000 from that initial 388,000 that surprised everyone.  Bloomberg had estimates of 412,000 for the week.

The four week average came down by 3,500 to 410,750.  Another measurement to watch is the army of the unemployed measured by the continuing jobless claims.  That figurehas a week lag and it fell by 47,000 to 4.103 million from a revised higher figure of 4.15 million.

After yesterday’s much better ADP and TrimTabs data, the bias for non-Farm Payrolls and unemployment due Friday has improved.

The bias is still for a slightly better reading on the jobs front for Friday’s data.

JON C. OGG

Contact [email protected] for any questions or corrections.

*$149 for two years (or $1.43 per week) is an introductory promotion for new members only. 62% discount based on the current list price of Stock Advisor of $199/year. Membership will renew at the then-current list price at the end of the membership term.

Stock Advisor returns are 930% as compared to the S&P 500 returns of 185% as of April 7, 2026.

Jon C. Ogg

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

All articles →