Next Week in Business: jobless claims, mortgage rates and Wall …

Dec 27, 2024 · The Labor Department issues its weekly tally of new unemployment benefit claims on Thursday. Also Thursday, U.S. financial markets re-open for first trading day of 2025 and …

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Next Week In Business: Jobless Claims, Mortgage Rates And Wall …

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Dec 27, 2024 · Last week, the average rate on a 30-year mortgage rose to 6.85%. Elevated mortgage rates and rising home prices have sidelined many would-be homebuyers and put …

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When does the Labor Department issue a weekly tally of new unemployment claims?

The Labor Department issues its weekly tally of new unemployment benefit claims on Thursday. Also Thursday, U.S. financial markets re-open for first trading day of 2025 and mortgage buyer Freddie Mac delivers its weekly update on average U.S. home loan rates. ...

How many jobless claims are there?

Economists had expected jobless claims to inch up to 242,000 from the 241,000 originally reported for the previous week. Jobless claims continued to give back ground after reaching their highest level in over a year in the week ended October 5th. ...

What happened to jobless claims?

The report said initial jobless claims fell to 227,000, a decrease of 15,000 from the previous week's revised level of 242,000. Economists had expected jobless claims to inch up to 242,000 from the 241,000 originally reported for the previous week. ...

Are weekly applications for jobless benefits considered a proxy for layoffs?

Weekly applications for jobless benefits are considered a proxy for layoffs. Initial jobless benefit claims, weekly, seasonally adjusted: Nov. 15: 215,000 Nov. 22: 215,000 Nov. 29: 225,000 Dec. 6: 242,000 Dec. 13: 220,000 ...

Are weekly unemployment benefits a proxy for layoffs?

The Labor Department issues its weekly tally of new unemployment benefit claims on Thursday. The number of Americans applying for unemployment benefits held steady two weeks ago to a seasonally adjusted 219,000. Weekly applications for jobless benefits are considered a proxy for layoffs. ...

Did first-time unemployment claims see further downside?

(RTTNews) - After reporting an unexpected pullback by first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report on Thursday showing initial jobless claims saw further downside in the week ended October 19th. ...