-
US jobless claims tumble to 218,000, well below estimate despite fears of labor market weakness
Initial claims for unemployment insurance were well below expectations last week, helping to douse caution at the Federal Reserve and elsewhere that the labor market is in danger. First-time filings for the week ending Sept. 20 totaled a seasonally adjusted 218,000, down 14,000 from the prior week’s upwardly revised figure and significantly less than the Dow Jones consensus estimate for 235,000, the Labor Department reported Thursday. Continuing claims, which run a week behind, were little changed, falling 2,000 to 1.926 million. The release comes just a week after the Federal Reserve voted to lower its benchmark ... (full story)
- Comments / Top
- Subscribe
-
- Older Stories
From apnews.com|Sep 25, 2025|13 commentsThe U.S. economy expanded at a surprising 3.8% from April through June, the government reported in a dramatic upgrade of its previous estimate of second-quarter growth. U.S. gross ...
From kansascityfed.org|Sep 25, 2025Thank you for the invitation to join you this morning. I appreciate the opportunity to speak with you, and I look forward to our discussion. I will spend most of my time speaking about the Fed’s role as a supervisor and regulator of the nation’s banking system, but with the recent Federal Open Market Committee meeting attracting much attention, I will first offer a few words on last week’s monetary policy decision and my thoughts on the outlook for policy going forward. As I am sure you are all aware, the FOMC lowered its target policy rate by 25 basis points last week. I supported this decision. Let me explain my thinking. In setting policy, I, like other members of the FOMC, am guided by the Fed’s congressionally determined dual mandate of price stability and full employment. Currently, we are close to meeting this mandate, and as close as we have been for some time. Inflation is running around 2½ percent, which is above but near the Fed’s 2 percent definition of price stability. Looking through the effects of declining energy prices, inflation has been closer to 3 percent. The unemployment rate in August was 4.3 percen *SCHMID: INFLATION REMAINS TOO HIGH, LABOR MKT. STILL IN BALANCE *FED'S SCHMID SAYS LABOR MARKET SHOWED RISK OF ABRUPT WEAKENING *SCHMID: QUARTER-POINT CUT WAS REASONABLE RISK-MANAGEMENT MOVE Fed's Schmid: Fed policy is slightly restrictive; which is the right place to be. Fed's Schmid: Going forward will be data-dependent on monetary policy choices
From conference-board.org|Sep 25, 2025The Conference Board Leading Economic Index® (LEI) for China decreased by 0.5% in August 2025 to 146.7 (2016=100), after also contracting by 0.3% in July. As a result, the LEI ...
-
- Newer Stories
From nar.realtor|Sep 25, 2025Existing-home sales remained essentially the same in August, ticking down by 0.2% from July, according to the National Association of REALTORS® Existing-Home Sales Report. The ...
From @Top_Bloomberg|Sep 25, 2025|13 comments*FED'S BOWMAN SAYS LABOR MARKET MORE FRAGILE THAN EXPECTED *BOWMAN SAYS FED IS WITHIN RANGE OF FED 2% INFLATION TARGET *BOWMAN SAYS APPROPRIATE TO SHIFT TO JOBS INSTEAD OF INFLATION BOWMAN SAYS TARIFFS WILL HAVE ONE-TIME PRICE IMPACT - Fed's Bowman indicates foreign suppliers are absorbing some tariff costs - This could influence trade dynamics and pricing strategies - Market watchers should keep an eye on the implications for U.S. trade relations
From terrabullmarkets.com|Sep 25, 2025|1 commentOn Friday, 26 September 2025 at 13:30 UK time, the BEA releases the August personal income and outlays report, the Fed’s preferred inflation gauge and the cleanest read on ...
- Story Stats
- Sep 25, 2025 8:47am Posted byFundamental Analysis2214.8K
- Linked events:
