February 26, 2021

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This Week: Netflix earns, jobless benefits, US home sales

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Netflix dials up its fourth-quarter results Tuesday

A look at some of the key business events and economic indicators upcoming this week:

BINGE THIS

SPOTLIGHT ON UNEMPLOYMENT

The Labor Department issues its weekly tally of U.S. unemployment aid applications Thursday.

Economists expect the number of Americans who filed for unemployment aid in the week ended January 15 fell to 803,000 after surging the previous week to 965,000, the most since August. Jobless claims are running almost four times their level from before the pandemic. Employers continue cutting jobs as rising infections keep many people at home and governments impose tighter restrictions on businesses.

Initial jobless benefit claims, weekly, seasonally adjusted:

Dec. 11: 892,000

Dec. 18: 806,000

Dec. 25: 782,000

Jan. 1: 784,000

Jan. 8: 965,000

Jan. 15: (est.) 803,000

Source: FactSet

HOME SWEET HOME

The housing market is showing some signs of cooling after months of strong gains.

Sales of previously occupied U.S. homes fell 2.5% in November to a seasonally adjusted 6.69 million annualized units. That’s the first decline since May. Ultra-low mortgage rates have helped entice would-be homebuyers, driving sales and home prices higher, despite economic uncertainty due to the pandemic. The National Association of Realtors reports its December tally of previously occupied U.S. homes Friday.

Existing home sales, in millions, seasonally adjusted annual rate:

July 5.86

Aug. 5.98

Sept. 6.57

Oct. 6.86

Nov. 6.69

Dec. (est.) 6.37

Source: FactSet




2021-01-18 01:10:30


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