Back to top

Real Time Insight

Jobless claims improved significantly from the previous week as the effects of Hurricane Sandy appear to have worn off. Initial claims declined by 25K to 370K, which was better than expected. It appears that we have nestled back into the lukewarm 360-390K range once again.

You can see the negative impact Sandy has had on jobless claims in the chart below from Calculated Risk Blog. You can also see the similar impact Hurricane Katrina had on jobless claims in early September 2005. That turned out to be a temporary spike, and I'd expect that to be the case here too.

On Wednesday, ADP reported that businesses added 118,000 jobs in November. And on Friday, the Bureau of Labor Statistics will release its monthly Employment Situation Report. The data is likely to be heavily skewed by Hurricane Sandy, but the current consensus that I've gathered is around 90,000 jobs added in November.

Do you expect Friday's jobs report to come in OVER or UNDER the consensus?

Zacks Releases Their 7 Best Stocks for August, 2014

These 7 were hand-picked from the list of 220 Zacks Rank #1 Strong Buys with earnings estimate revisions that are sweeping upward. Their stock prices are expected to rise sooner than the others.

Today, this Special Report is available to new Zacks.com visitors free of charge.

Close This Panel X

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
QIHOO 360 T… QIHU 95.04 +4.95%
PILGRIM'S P… PPC 31.52 +3.72%
CLAYTON WIL… CWEI 138.97 +3.55%
CALLON PETE… CPE 11.50 +3.14%
ACTELION LT… ALIOF 124.80 +2.97%