Back to top

Real Time Insight

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

The last couple weeks in January saw weekly jobless claims drop dramatically from their four week moving average of roughly 353,000. 

In the most recent two weeks, jobless claims have jumped back above that average.  New applications for unemployment benefits fell by 5,000 to a seasonally adjusted 366,000 in the week ended Feb. 2; expectations were for only 361,000.

weekly jobless claims

Initial claims from two weeks ago were also revised up to 371,00 from an original reading of 368,000

The four-week moving average, which I like to use as a less-volatile trend measurement, edged down by 2,250 to 350,500, marking a nearly five-year low.  This can be attributed to the low filings in late January.

The labor department also noted that continuing claims increased by 8,000 to a seasonally adjusted 3.22 million in the week ended Jan. 26.  These are the number of people already receiving claims and renewing their benefits.

What I found interesting is that U.S. productivity fell 2.0% in the fourth quarter (expectations were for a drop of 1.5%), as workers put in more hours but the production of goods and services barely changed.

Perhaps this is a seasonal anomaly, but it may also be a warning that all this hiring we have seen over the last couple years is not resulting in returns for those hiring companies; quarterly productivity growth has been on the decline since November 2009.

Regardless, unemployment claims are still within the range they need to be and the BLS and ADP reports are both giving us the data we “need” to see for now.  Muddle through is working for the time being it seems.

Since this news wasn’t earth shattering, I thought I’d have a little fun with the topic of employment and take a small survey. 

I’m curious to know what you do for a living and what your dream job would be (please list both)? 

If you’re not employed in your dream job, was it brushed aside because it didn’t pay enough or some other reason?  

5 Stocks to Double in 2014

Today, you are invited to receive a free Special Report from Zacks Investment Research. It reveals five companies that could gain +100% and more in the next 12 months.

One is set to ride a little-known All-American energy boom. Another is a chip maker looking for big gains through Google Glass. Another could be the next alternative energy "Tesla."

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

Learn more

Start for as little as $4.50 per trade.

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
DIXIE GRP IN DXYN 15.84 +7.90%
BOFI HLDG IN BOFI 85.30 +4.97%
RAMBUS INC RMBS 12.31 +4.41%
VIPSHOP HOLD VIPS 148.73 +4.35%
NETFLIX INC NFLX 345.74 +4.32%