Breaking News
  • DOJ planning to sue Moody's over crisis-era mortgage bond ratings

    In the fallout from the financial crisis, many argued that the credit ratings agencies’ competition for business led to ratings shopping among bond issuers and relaxed ratings standards for the ratings agencies themselves. Last year, Standard & Poor's reached a $1.375 billion settlement over just such claims. And now the Department of Justice is taking aim at Moody's Investors Service. Click the headline to read more.

Continuing jobless claims rise to 2-month high

Initial jobless claims rise to 320K


Continuing jobless claims rose the most in two months, coming in well above analyst expectations for the eighth week in a row, according to the U.S. Department of Labor, rising 41,000 in the March 8 week to 2.889 million.

The number of people filing initial jobless claims in the week ending March 15 rose by 5,000 to a seasonally adjusted 320,000 from the previous week’s total of 315,000.

There are no special factors in today's report, one that gives a little boost to the economic outlook.

The 4-week average is down 17,000 to 2.897 million, which is more than 50,000 below the month-ago comparison. The unemployment rate for insured employees is at 2.2% for a third straight week.

Initial claims came in at a lower-than-expected 320,000 in the March 15 week vs 334,000 in the February 15 week. The same comparison of the 4-week averages shows similar improvement, at 327,000 vs 338,500.


Services Guide

Comments powered by Disqus