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Global Consumer Confidence Improved in Q4

Global consumer confidence increased in the fourth quarter of 2020, driven largely by an improved outlook for personal finances—which, in many regions, reflect unprecedented fiscal measures in response to COVID-19. Prospects for jobs and spending intentions saw smaller improvements in Q4, according to The Conference Board® Global Consumer Confidence Survey.

Conducted in collaboration with Nielsen, the survey found that overall global consumer confidence climbed to 98 in Q4 2020, up six points from 92 in Q2 2020. A reading below 100 is considered...

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Jan 13 8:27 AM, General News



Weekly Initial Unemployment Claims Reach Highest Number Since August 

According to the U.S. Department of Labor, initial unemployment claims for the week ending October 10 reached 898,000, an increase of 53,000 from the previous week's revised level. This is the highest number since August 22, and economists surveyed by Dow Jones had expected about 830,000 claims. The increase in claims indicates that the labor market is still struggling to get back to its pre-pandemic mark.

The 4-week moving average was 866,250, an increase of 8,000 from the week prior. The advance seasonally adjusted insured unemployment rate was 6.8% for the week ending October 3, a decrease of 0.9 percentage point from the previous week's revised rate. Those receiving first-time benefits under the Pandemic Unemployment Assistance program continued to...

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Oct 15 9:37 AM, Urner Barry


Weekly Unemployment Claims Decrease as Slow Recovery Continues 

According to the U.S. Labor Department, initial unemployment claims for the week ending September 26 totaled 837,000, a decrease of 36,000 from the previous week's revised level. This was the fifth consecutive week that claims were under 1 million after staying there for five months following COVID-19 related shutdowns. While the number of claims is showing a slow recovery, the total is still well above any number the country has seen prior to the pandemic.

The 4-week moving average was 867,250, a decrease of 11,750 from the previous week's revised average. The advance seasonally adjusted insured unemployment rate was...

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Oct 1 10:23 AM, Urner Barry


U.S. Shoppers Shift Shopping Strategies to Brace for Recessionary Effects

A much more discerning grocery shopper is emerging in the wake of initial widespread panic-buying sparked by COVID-19 this past spring that led consumers to disregard prices and stock up on products and ingredients required to prepare the entirety of their family meals at home. Retailers and their trading partners responded as rapidly as possible to the sudden spikes in demand by pulling back on promotional efforts and focusing on their supply chains to keep up, which led to higher prices on 64% of more than 500 grocery store categories.

The short-term result? FMCG sales shot up $77.9 billion across all U.S. channels for the 52 weeks ended Sept. 12, 2020, translating to year-over-year growth of 9.3%. While this lift was astounding for the retail industry, it’s time for stakeholders to...

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Sep 30 8:21 AM, General News


Weekly Unemployment Claims Remain Elevated

The U.S. Labor Department reported 884,000 first-time filings for unemployment claims, unchanged from the previous week's revised level. For the week ending August 29, the advance seasonally adjusted insured unemployment rate was 9.2%, an increase of 0.1 percentage point from the unrevised rate the week before. Continuing claims from those filing for at least two weeks rose from the week prior, reaching 13.385 million. That is an increase of 93,000 from last week's report and an indicator that job improvement through the summer may be tailing off as fall begins.

For the week ending September 5, the 4-week moving average was 970,750, a decrease of 21,750 from the previous week's revised average. Claims under the Pandemic Unemployment Assistance Program continued to rise, increasing more than...

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Sep 11 8:20 AM, Urner Barry


Unemployment Claims Top One Million for the Second Consecutive Week 

The latest unemployment data shows no reprieve from the coronavirus pandemic as more than one million people filed initial unemployment claims for the second week in a row. In early August, the number of initial filings dipped below one million for the first time since March. However, the decrease appears to be short-lived.

According to the U.S. Department of Labor, the figure for initial unemployment claims was 1,006,000, a decrease of 98,000 from the previous week's revised level. The previous week's level was revised down by 2,000 for a total of 1,104,000. The 4-week moving average was 1,068,000, a decline of...

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Aug 27 9:45 AM, Urner Barry


Weekly Unemployment Claims Back Above One Million

A week after initial unemployment claims fell below one million per week for the first time in five months, claims once again jumped over a million for the week ending August 15. According to the U.S. Department of Labor, the figure for initial unemployment claims was 1,106,000, an increase of 135,000 from last week's revised level. The previous week's level was revised up by 8,000 for a total of 971,000. The 4-week moving average was 1,175,750, a decline of 79,000 from the week prior.

For the week ending August 8, the adjusted insured unemployment rate was 10.2%, a decrease of 0.4 percentage point from the previous week's unrevised rate. The 4-week moving average was 15,842,250, a decrease of...

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Aug 20 9:53 AM, Urner Barry


Initial Unemployment Claims Decrease in the Week Ending August 1 

According to the U.S. Department of Labor, the figure for initial unemployment claims was 1,186,000 for the week ending August 1. This figure represents a decrease of 249,000 from last week's revised level. The previous week's level was revised up slightly from 1,434,000 to 1,435,000. The 4-week moving average was 1,337,750, a decline of 31,000 from the week prior.

For the week ending July 25, the adjusted insured unemployment rate was 11%, a decrease of 0.6 percentage point from the previous week's unrevised rate. The 4-week moving average was...

 

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Aug 6 9:49 AM, Urner Barry


Unemployment Continues to Increase as COVID-19 Impacts Number of Initial Claims 

According to the U.S. Department of Labor, the figure for initial unemployment claims was 1,416,000 for the week ending July 18. This is an increase of 109,000 from the previous week's revised level. Last week's level was revised up by 7,000 to a total of 1,307,000. The 4-week moving average was 1,360,250, a decrease of 16,500 from the previous week's revised average.

For the week ending July 11, the adjusted insured unemployment rate reached 11.1%, a decline of 0.7 percentage points from the week prior. Also, the rate for the previous week was revised down to 11.8%. The 4-week moving average was...

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Jul 23 10:18 AM, Urner Barry


COVID-19 Continues to Impact Initial Unemployment Claims 

According to the U.S. Department of Labor, the figure for seasonally adjusted initial unemployment claims reached 1,508,000 in the week ending June 13. This is a decrease of 58,000 from the previous week's revised level. The previous week's level was revised up by 24,000 from 1,542,000 to 1,566,000. The four-week moving average was 1,773,500, a decrease of 234,500 from the previous week's revised average. The average from the week prior was revised up by 6,000 to 2,008,000.

For the week ending June 6, the advance seasonally adjusted insured unemployment rate was 14.1%, unchanged from the prior week's revised rate. The advance number for seasonally adjusted insured employment was 20,544,000, a decrease of 62,000 from the week before. The four-week moving average was...

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Jun 19 8:16 AM, Urner Barry


PODCAST: Checking In on Chicken - Retail Demand, Unemployment, and More

COVID-19 has caused shockwaves across the whole protein sector and chicken is no exception. Retail demand, unemployment, seasonal factors, and more...

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Jun 16 10:42 AM, Urner Barry




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