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Thu Aug 4, 2022, 08:36 AM

Stock market news live updates: Stocks waver as jobless claims climb, earnings pour in

Last edited Thu Aug 4, 2022, 09:47 AM - Edit history (1)

Source: Yahoo! Finance

Yahoo Finance

Stock market news live updates: Stocks waver as jobless claims climb, earnings pour in

Alexandra Semenova Reporter
Thu, August 4, 2022 at 9:37 AM 2 min read

U.S. stocks were mixed at Thursday's open as investors barreled through another slew of earnings and mulled economic data that showed a rise in weekly jobless claims. ... The S&P 500 slipped 0.2%, while the Dow Jones Industrial Average edged down 0.3%. The tech-heavy Nasdaq was an outlier, up roughly 0.2%.

First-time filings for unemployment insurance in the U.S. climbed to 260,000 for the week ended July 30, increasing by 6,000 from the prior week's reading, the Department of Labor said Thursday. The figure was on par with economist estimates from Bloomberg. ... Investors look ahead to the main monthly jobs report for July on Friday. Economists expect the broader employment report to show 250,000 new jobs were created last month, a noted decrease from the 372,000 jobs added in June.

Thursday's moves follow a major up day on Wall Street Wednesday that saw the S&P 500 climb 1.6%, bringing the benchmark index 13% above its June 16th lows - its largest bounce of the year. The VIX - Wall Street's volatility gauge - meanwhile, has fallen to 22, its second lowest close since mid-April.

{snip}

Read more: https://finance.yahoo.com/news/stock-market-news-live-updates-august-4-2022-113205175.html

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Reply Stock market news live updates: Stocks waver as jobless claims climb, earnings pour in (Original post)
mahatmakanejeeves Thursday OP
mahatmakanejeeves Thursday #1
BumRushDaShow Thursday #2
mahatmakanejeeves Thursday #3

Response to mahatmakanejeeves (Original post)

Thu Aug 4, 2022, 08:38 AM

1. From the source:

https://oui.doleta.gov/press/2022/080422.pdf

https://www.dol.gov/ui/data.pdf

News Release

Connect with DOL at
https://blog.dol.gov

TRANSMISSION OF MATERIALS IN THIS RELEASE IS EMBARGOED UNTIL
8:30 A.M. (Eastern) Thursday, August 4, 2022

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS

SEASONALLY ADJUSTED DATA


In the week ending July 30, the advance figure for seasonally adjusted initial claims was 260,000, an increase of 6,000 from the previous week's revised level. The previous week's level was revised down by 2,000 from 256,000 to 254,000. The 4-week moving average was 254,750, an increase of 6,000 from the previous week's revised average. The previous week's average was revised down by 500 from 249,250 to 248,750.

The advance seasonally adjusted insured unemployment rate was 1.0 percent for the week ending July 23, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending July 23 was 1,416,000, an increase of 48,000 from the previous week's revised level. The previous week's level was revised up 9,000 from 1,359,000 to 1,368,000. The 4-week moving average was 1,375,250, an increase of 11,000 from the previous week's revised average. The previous week's average was revised up by 2,250 from 1,362,000 to 1,364,250.

{snip}

UNADJUSTED DATA

{snip}

The total number of continued weeks claimed for benefits in all programs for the week ending July 16 was 1,472,578, a decrease of 3,890 from the previous week. There were 12,964,897 weekly claims filed for benefits in all programs in the comparable week in 2021.

{snip the rest of the ten-page news release, until the end}

Weekly Claims Archives
Weekly Claims Data


U.S. Department of Labor news materials are accessible at http://www.dol.gov. The Department's Reasonable Accommodation Resource Center converts Departmental information and documents into alternative formats, which include Braille and large print. For alternative format requests, please contact the Department at (202) 693-7828 (voice) or (800) 877-8339 (federal relay).

U.S. Department of Labor
Employment and Training Administration
Washington, D.C. 20210
Release Number: USDL 22-1617-NAT

Program Contacts:
Kevin Stapleton: (202) 693-3009
Media Contact: (202) 693-4676

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Response to mahatmakanejeeves (Original post)

Thu Aug 4, 2022, 09:58 AM

2. Gotta put my "UE 8:30 am" Post-it note in a prominent place!



Good morning!

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Response to BumRushDaShow (Reply #2)

Thu Aug 4, 2022, 10:02 AM

3. Good morning. I'll be looking for Alexandra Semenova's article this afternoon. NT

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