Benjamin Lawsky just made it easier to be a mortgage banker in New York Negotiations reportedly broke down over Promontory’s unwillingness-along with paying a penalty-to acknowledge wrongdoing and accept a suspension of its ability to work with New York clients. (Reputation is important to such firms.) Benjamin Lawsky, former superintendent of the New York State Department of Financial Services.
· Initial jobless claims rose to 293k during the week ended September 20. Both ECB easing speculation and positive US data supported the dollar rally across the board. This resulted in EUR/USD breaking below 1.2700 before profit taking pushed prices back to 1.2750 overnight.
08:30 AM Initial jobless claims, week ended february 11 (gs 245k, consensus 244k, last 234k); continuing jobless claims, week ended february 4 (consensus 2,060k, last 2,078k): We expect initial jobless claims to rise to 245k following last week’s 12k decline. While we believe much of the recent decline in jobless claims reflects seasonality.
· Initial jobless claims fell 12k to 502k last week, the lowest level of initial claims in 2009. Bear people like David Rosenberg have to admit that
Following last week’s significant downtick to 206K for initial jobless claims, this week’s reading rose to 214K. This is slightly below the 215K rise that was expected, and while this week’s release is about 12K higher than last week, it is still at the lower end of the range we have seen in the past year.
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Jobless Claims -12k to 308K in Jul 7 Wk ; 315k Expected. Seasonal adjustments had expected initial unadjusted claims to rise 44.4%, or about 133,000, in the July 7 week, but unadjusted claims.
Initial jobless claims dropped -12k to 215k in the weekended March 254. That’s notably below expectation of 231k. That’s also the lowest level since January 1973.
Inflation is anticipated to remain near its recent low level in the near term, but the Committee expects inflation to rise gradually toward. This morning we’ve had Initial Jobless Claims for the.
After last week’s tumble to 280k, initial jobless claims rose modestly this week to 293k (slightly better than expected) but remain near a dovish-Yellen-crushing 14-year low. Continuing claims also remain at cycle lows around 2.4 million (rising modestly – by 7k – this week). The labor department cites no unusual or estimated claims this week.
U.S. jobless claims graph on a tablet screen. (photo: adobestock) The Labor Department said initial jobless claims jumped 37,000 to 230,000 for the week ending April 20, more than the consensus.
The unemployment rate fell another tenth to just 3.8% as the household survey showed a job gain of 293k at the same time the size of the labor market rose just 12k. The U6 unemployment rate is now down to 7.6% which is the lowest since May 2001. Rising wages were evident as average hourly earnings rose .3% m/o/m and 2.7% y/o/y.