Initial Jobless Claims Dip 0.9%

Longer-term trends continue to creep higher.

Feb 20, 2014 at 10:11AM

Initial jobless claims dipped 0.9% to 336,000 for the week ending Feb. 15, according to a Labor Department report released today 

After increasing a revised 2.4% the previous week, this newest report clocked in just above analysts' expectations of 335,000 claims. 

Jobless Claims

Source: Author, data from Labor Department. 

From a more long-term perspective, a 0.5% bump in the four-week moving average to 338,500 initial claims  marks the fourth straight report of increases, although none have been above 0.8% . Both the latest week's claims and the four-week average fall significantly below 400,000, a cutoff point that economists consider a sign of an improving labor market.

On a state-by-state basis, six states recorded a decrease of more than 1,000 initial claims for the week ending Feb. 8 (most recent available data). New York made the largest improvement, dropping 2,720 initial claims, due mostly to fewer construction, manufacturing, and retail layoffs. 

For the same period, seven states registered increases of more than 1,000 initial claims. While six states kept increases to 1,350 or below, Georgia tacked on an extra 7,230 initial claims, due primarily to manufacturing and construction layoffs. 

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4 in 5 Americans Are Ignoring Buffett's Warning

Don't be one of them.

Jun 12, 2015 at 5:01PM

Admitting fear is difficult.

So you can imagine how shocked I was to find out Warren Buffett recently told a select number of investors about the cutting-edge technology that's keeping him awake at night.

This past May, The Motley Fool sent 8 of its best stock analysts to Omaha, Nebraska to attend the Berkshire Hathaway annual shareholder meeting. CEO Warren Buffett and Vice Chairman Charlie Munger fielded questions for nearly 6 hours.
The catch was: Attendees weren't allowed to record any of it. No audio. No video. 

Our team of analysts wrote down every single word Buffett and Munger uttered. Over 16,000 words. But only two words stood out to me as I read the detailed transcript of the event: "Real threat."

That's how Buffett responded when asked about this emerging market that is already expected to be worth more than $2 trillion in the U.S. alone. Google has already put some of its best engineers behind the technology powering this trend. 

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KPMG advises we're "on the cusp of revolutionary change" coming much "sooner than you think."

Even one legendary MIT professor had to recant his position that the technology was "beyond the capability of computer science." (He recently confessed to The Wall Street Journal that he's now a believer and amazed "how quickly this technology caught on.")

Yet according to one J.D. Power and Associates survey, only 1 in 5 Americans are even interested in this technology, much less ready to invest in it. Needless to say, you haven't missed your window of opportunity. 

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David Hanson owns shares of Berkshire Hathaway and American Express. The Motley Fool recommends and owns shares of Berkshire Hathaway, Google, and Coca-Cola.We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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