Posted on 08/01/2022 12:02:34 AM PDT by weston
Weekly jobless claims rise to 260,000 ahead of nonfarm payrolls report
PUBLISHED THU, AUG 4 2022 8:34 AM EDT UPDATED MOMENTS AGO
Jeff Cox
FTA
Initial claims for unemployment insurance totaled 260,000 last week, near the highest level since November amid a shift in the U.S. labor market.
The total for the week ended July 30 was in line with the Dow Jones estimate but a gain of 6,000 from the previous week’s downwardly revised level, the Labor Department reported Thursday.
In other economic news, the U.S. trade deficit in goods and services decreased to $79.6 billion in June, down $5.3 billion and slightly lower than the estimate for $80 billion.
The jobless claims number comes a day before the Bureau of Labor Statistics releases its much anticipated nonfarm payrolls report for July. That is expected the show the U.S. economy added 258,000 positions in the month, compared to the 372,000 initial June estimate.
Federal Reserve officials are watching the jobs market closely for clues about an economy that is showing the highest inflation rate in more than 40 years.
Jobless claims had been running around their lowest levels since the late 1960s but started ticking higher in June as inflation pressures swelled and companies started cutting back on hires. Even with robust hiring in 2021 and the first half of 2022, the total employment level is 755,000 below where it was in February 2020, the last month before the Covid pandemic hit.
The four-week moving average of jobless claims, which smooths out weekly volatility, reflects the shift in the jobs market. That number rose 6,000 from the previous week to 254,750, up sharply from the 170,500 level on April 2.
Continuing claims, which run a week behind the headline number, totaled 1.42 million, up 48,000 from the prior week and 83,000 from the beginning of July.
https://www.cnbc.com/2022/08/04/us-weekly-jobless-claims-.html
I knew I couldn’t stomach Laura Ingraham for a good reason. She’s a phony and a rude, snarky one. Good for Kari. I’m so glad she’s not afraid to “speak truth to power”. Oh, that’s odd....isn’t that what Ingraham’s job is supposed to be?
Love my Kari!!!
She knows these people and will tell the truth about them.
Take that snarky Laura!
No doubt. Better yet, recuse from all comment on the topic if you have strong inherent bias.
Fox is not your friend.
I’m sure this “GLITCH” was a definite plan to suppress the vote for Kari as Pinal County is very pro Kari.
The sure didn’t have ballot shortages in the Robson strong hold of Maricopa County now, did they?
Good morning, Jane!
This whole drag it out voting debacle stinks to high heavens.
Are they trying to figure out how to steal the election or as some have said deny Kari the momentum of a victory?
All I know is it is very suspicious and is giving me sleepless nights.
I HATE IT!!!!!!!
This could be a really fun day, Gran. Between Kari Lake finalizing this glorious mess, and an expected liberal meltdown announcement from DeSantis, I’m looking forward to smiling a lot!
Waiting on DeSantis.....my guess is he’s going to stop doctors in Florida from mutilating the bodies of children, or he’s going to do something like close the bath houses or telling the homosexuals to stop with their favorite past-time in order to stop the spread of monkeypox. Either one would send the left into orbit.
Agree!
It’s like Lil Farmer mentioned….they must have taken notes from GAs Raffensburger.
He knows how to cheat!
Praying their evil deeds are thwarted, and, good.
My goodness, she is his mini-me. All Trump’s kids and grandkids look like him. He has strong genes.
Well, if nothing else, Maricopa County is sure doing its part in exposing the shenanigans of the left when it comes to election integrity. They are certainly giving more credence to the whole fraud argument.
I hope you are right about this being a fun day, Judy.
However, there is going to be another drop in ballots at 7pm this evening, so may not have Kari declared winner today if they keep this crapola up.
How long can they drag this out?
Will look forward to DeSantis exploding lib heads though.
Not only exposing the left but exposing the RINO right too.
I know the McCain Mafia Machine was engaged in much cheating here in AZ and that is who is behind this garbage, can bank on it.
RE: Legislator Accident
THOUGHT: Was the driver was already deceased and the car programmed to drive remotely?
I really have learned to hate post election days. Anger, depression, submission to corruption. sorry for what I just said.
This accident brings to mind the legislative aide whose vehicle spontaneously blew up on the D.C. highway a couple years ago.
And the train crash that hit a garbage truck.
I am supposed to be at an RNC meeting in Chicago but I can't leave Arizona because @stephen_richer can't do his job.— Tyler Bowyer 🇺🇸 (@tylerbowyer) August 3, 2022
The @maricopacounty Board of Supervisors and @stephen_richer got this. You can go on your trip to Chicago. @MaricopaVote https://t.co/Lwe8YS9ywd— Bill Gates (@billgatesaz) August 3, 2022
I don't like dunking on short people but you guys have totally jacked up how our elections run and it's obvious to anyone who has been watching for the past two elections. https://t.co/RYb9INYZZZ— Tyler Bowyer 🇺🇸 (@tylerbowyer) August 3, 2022
I called the @AZGOP Election Day Operations lawyers last night to see how they thought the day went. Their assessment was:
- It’s been a very smooth Election Day in Maricopa County
- No detection of any voters being disenfranchised
- All issues resolved quickly https://t.co/IfjtqoWQQf— Bill Gates (@billgatesaz) August 3, 2022
Who did you talk to Bill? Because everyone I’ve spoken to has made it perfectly clear it’s unacceptable that it’s taking so long for Maricopa County to count votes
It’s tweets like these that are the reason no one trusts you— you don’t tell the full story or work with the GOP. https://t.co/rUO1sTAjOp— Tyler Bowyer 🇺🇸 (@tylerbowyer) August 4, 2022
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