Jobless claims data show 'warning sign' for the US labor market [Yahoo! Finance Canada]
LPL Financial Holdings Inc. (LPLA)
Last lpl financial holdings inc. earnings: 4/30 04:05 pm
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Source: Yahoo! Finance Canada
New data from the Department of Labor showed nearly 1.84 million claims were filed in the week ending June 22, up from 1.82 million the week prior. Meanwhile, the 4-week moving average of weekly jobless claims ticked higher by 3,000 to 236,000, the highest rate since September 2023. LPL Financial chief economist Jeffrey Roach reasoned the data is "sending a warning sign that the labor market could be softening." The key question for the Federal Reserve is whether this softening is yet another sign of normalization in the labor market or an indicator that higher interest rates could seriously harm the US economy. ADVERTISEMENT An increasing number of economists believe that the risks lean toward a painful outcome. Oxford Economics lead US economist Nancy Vanden Houten cautioned on reading too far into claims data, which can be volatile from week to week, but noted that a further move higher in the trend of weekly jobless claims would undoubtedly be a point of concern. "A p
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LPLA
News
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- Wall Street Cop Finra Goes Quiet on the Beat as Its Caseload Plunges [Yahoo! Finance]Yahoo! Finance
- Wall Street Cop Finra Goes Quiet on the Beat as Its Caseload Plunges [BNN Bloomberg (Canada)]BNN Bloomberg
- Markets today: Treasuries climb as data embolden bets on soft PCE [BNN Bloomberg (Canada)]BNN Bloomberg
- Jobless claims data show 'warning sign' for the US labor market [Yahoo! Finance]Yahoo! Finance
LPLA
Earnings
- 4/30/24 - Beat
LPLA
Sec Filings
- 6/18/24 - Form 4
- 6/14/24 - Form 4
- 6/14/24 - Form 144
- LPLA's page on the SEC website