161 Views

Finance: Initial jobless claims climb more than expected

The latest read on initial jobless claims will be out at 8:30 a.m. ET.

Economists forecast that claims, which count the number of people who applied for unemployment insurance for the first time in the past week, climbed to 240,000.

Last week, claims fell to 234,000 from an upwardly revised 235,000.

Initial jobless claims are used as a real-time proxy for the pace of layoffs and the overall health of the labor market since people usually file for benefits soon after they lose their jobs.

 

You may be interested

See who attacked Ike Ekweremadu in a New Yam Festival function
Headlines
1 views
Headlines
1 views

See who attacked Ike Ekweremadu in a New Yam Festival function

Webby - August 17, 2019

The immediate past Deputy President of the Senate, Sen. Ike Ekweremadu has narrated his ordeal in the hands of some…

Nigeria risks 20% of foreign reserves over London court judgement
Headlines
1 views
Headlines
1 views

Nigeria risks 20% of foreign reserves over London court judgement

Webby - August 17, 2019

Nigeria may lose about 20% of its foreign reserves following last Friday judgement of a London court awarding $9bn assets…

Andy Ruiz Is Digging His Own Grave – Anthony Joshua Blows Hot
Entertainment
2 views
Entertainment
2 views

Andy Ruiz Is Digging His Own Grave – Anthony Joshua Blows Hot

Flora - August 17, 2019

Former world heavyweight champion, Anthony Joshua has said the reigning champion, Andy Ruiz is digging his own grave. A much…

Leave a Comment

Your email address will not be published.