Unemployment claims fall for fifth straight week in pandemic recovery
U S Labor Department data show initial jobless claims dropping to 385 thousand, a fifth consecutive weekly decline and pandemic low as hiring rebounds. Ohio and Medina County see modest changes, while services sector growth hits record May ISM reading signaling ongoing expansion and supply chain pressures.
MENTIONED IN THIS ARTICLE
Washington
U.S
Labor Department
FactSet
Ann Elizabeth Konkel
Indeed Hiring Lab
Silver Spring
Institute For Supply Management
ISM
County jobless claims stay high in Medina for 63rd week
Medina County residents filed for unemployment benefits last week with a four week average of 170. This remains above typical years, behind only last year’s 594 during the COVID-19 collapse and 298 in 2009 during the Great Recession.
MENTIONED IN THIS ARTICLE
Medina County
Productivity growth in U S unrevised at 5.4 percent first quarter
U S productivity rose 5.4 percent at a seasonally adjusted annual rate in Q1, unchanged from initial estimates. Labor costs increased 1.7 percent, with economists noting pandemic shifts may lift longer term gains before moderating as the recovery continues.
MENTIONED IN THIS ARTICLE
Washington
U.S
Labor Department
Lydia Boussour
Oxford Economics
AMC Meme Stock Rally Surges Then Slips After Share Sale
AMC Entertainment shares tumbled nearly 40 percent after the company announced plans to issue 11.6 million new shares to raise cash but recovered to end with about a 18 percent loss. The meme stock craze drew in small investors who push the price toward 50 dollars amid optimism that could fade as market volatility and inflation fears weigh on tech and growth names.
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AMC Entertainment
Wall Street
AMC
GameStop
AutoZone
Old Dominion Freight Line
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Microsoft
Adamis PE
AMD
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Newell Br
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AtossaTh
Nikola
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BarrickGld
BedBath
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OwensCorn
Cisco
Palantir
Citigroup
CleanEngy
PepsiCo
ClovrHith
Pet
Goed N
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Express
SOS Ltd
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FireEye
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GenElec
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Globalstar
Target
Tellurian
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Tesla Incs
Homed
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HuntBnesh
Transcen
Ideanom H
Intel
Twitter
IBM
Vale SA
Invacare
VerizonCm
VertexEn
Tranunh Cbs B
Jaguarl
Keycorp
VirgiGal
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WalMart
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Sweet
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Dodge & Cox Inc
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Dodge & Cox
Fidelity
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NL Fidelity
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Pimco Incinstl
PIMCO
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