Tag: jobless claims

  • US stocks edge towards new records after jobless claims fall more than expected

    US stocks edge towards new records after jobless claims fall more than expected

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    Getty Images / Xinhua News Agency US stocks gained slightly on Thursday after falling jobless claims offered an encouraging sign of labor-market improvement.New weekly claims for unemployment insurance totaled an unadjusted 712,000 for the week that ended Saturday. Economists surveyed by Bloomberg expected a reading of 775,000.The mild uptick puts the S&P 500 at the brink…

  • Newsletter: Brace for a Surge in Layoffs

    Newsletter: Brace for a Surge in Layoffs

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    This is the web version of the WSJ’s newsletter on the economy. You can sign up for daily delivery here. Layoffs Surging The number of Americans applying for first-time unemployment benefits jumped last week. The worst is yet to come. Initial jobless claims increased by 70,000 in the week ended Saturday, March 14, the fourth biggest percentage…