S&P 500
7,586.60
+0.49%
Dow Jones
52,767.00
+0.48%
Nasdaq 100
29,871.80
+0.41%
Russell 2000
2,982.16
-0.28%
FTSE 100
10,554.30
+0.71%
Nikkei 225
69,222.20
+0.28%

Jobs

Weekly Jobless Claims Look Good, But With Underlying Mixed Data

Photo of Jon C. Ogg
By Jon C. Ogg Updated Published
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 has just given its newest report on Weekly Jobless Claims and the news is heading more and more in the right direction.  The new rate is down to 358,000, and the prior’s weeks report was revised higher to 373,000 from 367,000 previously reported.

There is a one-week lag on the army of unemployed measured by the continuing jobless claims, but that figure rose by about 64,000 to 3.51 million.  Again, there is a one-week lag to that data but it goes against the improving conditions in the weekly data at least on new claims.

With news of a deal being reached in Europe this morning, investors have just one more small bit of data to cheer about to support a bullish economic thesis. S&P and DJIA futures are now in positive territory.

JON C. OGG

Contact [email protected] for any questions or corrections.

DISCLOSURE:
INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA(www.finra.org)/SIPC(www.sipc.org). Advisory services are offered by SoFi Wealth LLC, an SEC-registered investment adviser. Information about SoFi Wealth’s advisory operations, services, and fees is set forth in SoFi Wealth’s current Form ADV Part 2 (Brochure), a copy of which is available upon request and at www.adviserinfo.sec.gov. Probability of Member receiving $1,000 is a probability of 0.026%; If you don’t make a selection in 30 days, you’ll no longer qualify for the promo. Customer must fund their account with a minimum of $50.00 to qualify. Other fees, such as exchange fees, may apply. Please view our fee disclosure to view a full listing of fees. Investing in alternative investments and/or strategies may not be suitable for all investors and involves unique risks, including the risk of loss. An investor should consider their individual circumstances and any investment information, such as a prospectus, prior to investing. Interval Funds are illiquid instruments, the ability to trade on your timeline may be restricted. Brokerage and Active investing products offered through SoFi Securities LLC, Member FINRA(www.finra.org) /SIPC(www.sipc.org). There are limitations with fractional shares to consider before investing. During market hours fractional share orders are transmitted immediately in the order received. There may be system delays from receipt of your order until execution and market conditions may adversely impact execution prices. Outside of market hours orders are received on a not held basis and will be aggregated for each security then executed in the morning trade window of the next business day at market open. Share will be delivered at an average price received for executing the securities through a single batched order. Fractional shares may not be transferred to another firm. Fractional shares will be sold when a transfer or closure request is initiated. Please consider that selling securities is a taxable event. Options involve risks, including substantial risk of loss and the possibility an investor may lose the entire investment Before trading options please review the Characteristics and Risks of Standardized Options  Investing in an Initial Public Offering (IPO) involves substantial risk, including the risk of loss. Further, there are a variety of risk factors to consider when investing in an IPO, including but not limited to, unproven management, significant debt, and lack of operating history. For a comprehensive discussion of these risks please refer to SoFi Securities’ IPO Risk Disclosure Statement This should not be considered a recommendation to participate in IPOs and investors should carefully read the offering prospectus to determine whether an offering is consistent with their investment objectives, risk tolerance, and financial situation. New offerings generally have high demand and there are a limited number of shares available for distribution to participants. Many customers may not be allocated shares and share allocations may be significantly smaller than the shares requested in the customer’s initial offer (Indication of Interest). For more information on the allocation process please visit IPO Allocation.
Follow 24/7 Wall St. on Google
Photo of Jon C. Ogg
About the Author 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.

Continue Reading

Jon C. Ogg |

Another Positive Move in Jobs

The Labor Department just released the weekly jobless claims data and showed that the weekly jobless claims fell down by…

Jon C. Ogg |

Weekly Jobless Claims Get Good Holiday Surprise

ThinkstockThe Labor Department has released its weekly jobless claims, and the good news is that we saw another drop. The…

Douglas A. McIntyre |

Economic Trifecta: Rain Predicted For Tomorrow

Anyone hoping for backdated economic data relief today may have to turn to their local weatherman for good news.  There…

Jobless Claims Enter Depression-Era Levels
Jon C. Ogg |

Jobless Claims Enter Depression-Era Levels

Just when you hoped or thought things could not get worse on the jobless and unemployment news, they did. Weekly…

Douglas A. McIntyre |

Misguided Optimism in Double-Digit Unemployment Rates

The Labor Department has a slew of data on the employment front this morning.  Actually, it is the unemployment front. …

Jon C. Ogg |

Weekly Jobless Claims Still Far Too High

The data on weekly jobless claims from the Labor Department fell by 44,000 in the last week to 434,000.  We…

Douglas A. McIntyre |

Jobs & Durables So Bad, A Possible Inflection Point?

If you were hoping for any remotely positive economic data this morning, the news is not just a disappointment.  It…

Jon C. Ogg |

Weekly Jobless Claims Drop to Less Than 300,000

ThinkstockMore strong news is out on the jobs front. The U.S. Labor Department reported that weekly jobless claims fell to…

Jon C. Ogg |

The Great Jobless Claims Game Heads South

We are supposed to be seeing a gain in jobs and the economic growth is still supposed to be there…

Top Gaining Stocks

Meta
META • Vol: 31,684,783
CarMax
KMX • Vol: 1,433,775
Clorox
CLX • Vol: 1,399,372
Weyerhaeuser
WY • Vol: 4,177,847
Nike
NKE • Vol: 14,530,664

Top Losing Stocks

Moderna
MRNA • Vol: 6,926,674
Coterra Energy
CTRA • Vol: 73,319,495
CrowdStrike
CRWD • Vol: 4,641,103
Fortinet
FTNT • Vol: 2,092,055
Palo Alto Networks
PANW • Vol: 3,164,293