About AI & Big Data Virtual
A FREE online conference covering two days of top-level content and thought leadership discussions looking at the AI & Big Data ecosystem.
This virtual conference is for the ambitious enterprise technology professional, seeking to explore the latest innovations, implementations and strategies to drive businesses forward.
Consisting of live and on-demand sessions, don’t miss this opportunity to explore this innovative technology and its impact on a range of industries including, manufacturing, transport, supply chain, government, legal sectors and financial services energy, utilities, insurance, healthcare, retail and more!
Our community of industry experts will explore and debate the technological advancements across the AI & Big Data ecosystem and beyond.
AI & Big Data topics include: Enterprise AI, process optimisation, cultural change, AI for ROI, data analytics & big data
Head of AI and Machine Learning, Customer Solution Engineering
Head of AI and Machine Learning, Head of Automation (RPA, Artificial intelligence) Alter Domus
AISB chair & Senior Lecturer in Computer Science at Swansea University
1,000+ attendees are expected virtually for the event including IT decision makers, developers & designers, heads of innovation, chief data officers, chief data scientists, brand managers, data analysts, start-ups and innovators, tech providers, c-level executives, venture capitalists , and many more.
The AI & Big Data Expo will showcase the most cutting-edge technologies from more 40+ speakers sharing their unparalleled industry knowledge and real-life experiences.
Our high-level conferences will bring together forward thinking brands, market leaders, AI & Big Data evangelists and hot start-ups to explore and debate the advancements in Artificial Intelligence & Big Data, the impacts within Enterprise & Consumer sectors as well as Development platforms and Digital Transformation opportunities.
Topics covered include Business Intelligence, Deep Learning, Machine Learning, AI Algorithms, Data & Analytics, Virtual Assistants & Chatbots as well as case study based presentations proving an insight into the deployment of AI across different verticals.
“I only have one goal: To motivate people who are in the same situation I am and try to help them achieve amazing things.”
Inspiring film about challenges and the power of positive thinking
Anthony Bauer is an inspiring young man who managed to keep his positive attitude despite hardships in his life. The young man, balancing skillfully a football on his head, appears to be nothing but an upbeat and active young person. But his path of life was far from regular and solely upbeat: Anthony has relied on parenteral nutrition ever since he had to have surgery 14 years ago which removed major parts of his digestive tract – a necessary action to deal with a rare form of intestinal obstruction caused by a twisting of his intestine, a so-called volvulus.
Anthony’s life was saved that day by skillful Healthcare Professionals, but his life was also changed as he has since had to rely on machines to supply him with parenteral nutrition, perfectly dosed for his demand. In the last years, there have been improvements for him as he now only has to be attached to the life-saving devices for 12 hours per day – when he was younger, this procedure still took about 16 to 17 hours a day, limiting his daytime activities and social interactions. Even though he was not able to fulfill his childhood dream of becoming a professional soccer player, he has made it far in life already – while also being skillful on the soccer field.
In the following film, Anthony describes the hardships of the condition that influenced his life and how he continues to empower and support others who are in a similar situation.
Empowered by a high precision inertial measurement unit (IMU) on Ultimate version, Oscar GNSS receiver from Tersus is a new generation of tilt survey GNSS receiver. This kind of calibration-free tilt compensation is immune to magnetic disturbances. Oscar gives a surveyor unprecedented flexibility and efficiency – holding the survey pole upright is no longer necessary. With an internal high-performance multi-constellation and multi-frequency GNSS board, the Oscar GNSS Receiver can provide high accuracy and stable signal detection.
The built-in high-performance antenna can speed up the time to first fix (TTFF) and improve anti-jamming performance. With a Nano-SIM card inserted in Oscar, it can access Internet, transmit and receive correction data through 4G/WiFi network. The built-in UHF radio module supports long distance communication. The built-in large capacity battery is detachable and can display power level. Two batteries support up to 16 hours of fieldwork in 4G/3G/2G network and Rover radio mode. Oscar can be easily configured with 1.54 inch interactive screen on Ultimate and Advanced versions. The rugged housing protects the equipment from harsh environments.
The Tersus TC20 Controller is a rugged smart phone with design of 4.3” touch screen and an alphanumerical keypad. Equipped with powerful processor, it is perfect to adapt with Tersus Survey software. With professional IP68 rating, it is robust and reliable for harsh operating conditions.
Supports multiple constellations & frequencies
– GPS L1C/A, L2C, L2P, L5
– GLONASS L1C/A, L2C/A
– BeiDou B1I, B2I, B2a, B3I
– Galileo E1, E5a, E5b
– QZSS L1C/A, L1C, L2C, L5
Supports 576 channels
410-470MHz UHF radio, 4G network, Wi-Fi, Bluetooth, NFC
Tilt compensation without calibration, immune to magnetic disturbances
Various working modes
16GB/8GB internal storage
Up to 16 hours working in RTK mode
IP68-rated dust-& waterproof enclosure, for reliability in harsh environmental conditions
The modern home exterior design is the most popular among new house owners and those who intend to become the owner of a modern house. Even though it is one of the most popular design styles out there, modern design is getting more popular day by day.
We have created this amazing new collection of 25 Top Modern Home Exterior Designs for you so you can draw inspiration from this collection to create your own design. We hope to help you create wonderful ideas for modern home exterior designs whether you will use them for some of your projects or just to create a nice house. This collection is a great way to upgrade your own library and is in your memory with wonderful new designs of modern homes. Enjoy!
Themes for this edition
GraphQL is having a moment. We encourage teams to use GraphQL and the burgeoning tools around it but also to exercise caution when using narrowly focused technology to solve too many problems.
The Struggle with the Browser Continues
Originally designed for document browsing, the web browser today primarily hosts applications. That impedance mismatch remains a challenge to developers, who keep rethinking how to best build web applications.
Visualize All the Things
All kinds of innovative visualization tools have emerged for myriad purposes, including infrastructure, data science and cloud resources. As developer ecosystems become more complex, a picture often goes a long way toward taming the inevitable cognitive overload.
Adolescence of Infrastructure as Code
Infrastructure as code has hit adolescence. Tooling has improved substantially over its first-generation. But as with most teenagers, it has its positives and negatives.
Several of our discussions revolve around tools and techniques that promote the democratization of programming: allowing nonprogrammers the ability to perform tasks that previously only programmers could. But as with many low-code tools, the traditional positive and negative trade-offs remain.
We see a swell in adoption of GraphQL on many teams, along with a thriving support ecosystem. It solves some common problems that are manifest in modern distributed architectures such as microservices: when developers break things into small pieces, they must often re-aggregate information to solve business requirements. GraphQL offers convenient capabilities to solve this increasingly common problem. Like all powerful abstractions, it offers trade-offs and requires careful consideration by teams to avoid long-term negative effects. For example, we’ve seen teams provide too much detail about the underlying implementation details via an aggregation tool, leading to unnecessary brittleness in architecture. Another short-term convenience turned long-term headache comes when teams try to use an aggregation tool to create a canonical, universal, centralized data model. We encourage teams to use GraphQL and the burgeoning tools around it; but be cautious of narrowly focused technology generalized to solve too many problems.
The Struggle with the Browser Continues
The web browser was originally designed for document browsing, but now it primarily hosts applications, and the abstraction mismatch continues to challenge developers. To overcome the many headaches inherent in this mismatch, developers keep rethinking and rechallenging established approaches for browser testing, state management and building fast and rich browser applications in general. We see several of these trends in the Radar. First, since we moved Redux to Adopt in 2017 as the default way to manage state in React applications, we now see developers either look elsewhere (Recoil) or delay the decision for a state management library. Second, Svelte has been gaining more interest, and it is challenging one of the established concepts applied by popular application frameworks such as React and Vue.js: the virtual DOM. Third, we keep seeing new tools to deal with testing in the browser: Playwright is yet another attempt at improving UI testing, and Mock Service Worker is a novel approach to decouple tests from their back-end interactions. Fourth, we continue to see the challenge of balancing developer productivity with performance, with browser-tailored polyfills aiming to move the scale in that trade-off.
Visualize All the Things
This Radar features several blips across the technology landscape with one thing in common: visualization. You’ll find blips on infrastructure, data science, cloud resources and a host of other innovative visualization tools, including some very effective ways to view difficult abstractions. You’ll also find discussions of interactive data tools visualization and dashboarding tools, such as Dash, Bokeh and Streamlit, as well as a host of infrastructure visualization tools, including Kiali for service mesh visualization in microservices architectures. As developer ecosystems become more complex, a picture often goes a long way toward taming the inevitable cognitive overload.
Several of our discussions revolve around tools and techniques that promote the democratization of programming: allowing nonprogrammers the ability to perform tasks that previously only programmers could do. For example, solutions such as IFTTT and Zapier have for long been popular in this space. We’ve observed an increasing use of tools such as Amazon Honeycode, a low-code environment for creating simple business applications. Although tools such as these provide fit-to-purpose programming environments, challenges arise when moving them to production-scale environments. Developers and spreadsheet wizards have long managed to find a compromise between domain-specific and traditional coding environments. The advent of more modern tools renews that discussion across wider domains, with many of the same positive and negative trade-offs.
Huawei is a leading global provider of information and communication technology (ICT), infrastructure and smart devices. With integrated solutions for all four important areas – telecommunication networks, IT, smart devices and cloud services – we enable a fully networked world with clever functions for every single customer, in every apartment and in every company.
About the HUAWEI Consumer Business Group
As one of HUAWEI’s three business groups, the HUAWEI Consumer Business Group is a leader in all artificial intelligence (AI) scenarios. Smartphones, PCs, tablets, technology for families and cloud services are also offered. The HUAWEI Consumer Business Group has set itself the task of offering consumers the latest technology and sharing the joy of technological progress with people all over the world. We all go this way and make dreams come true.milestone2019Sep: HUAWEI presented the groundbreaking HUAWEI Mate 30 series at an exclusive event in Munich. With the Kirin 990 5G System on a Chip, a revolutionary 4-way camera and its unique HUAWEI Horizon display with OLED technology, the HUAWEI Mate 30 series sets new standards. And that in every category. Starting with the aesthetic design and the built-in hardware to software innovations – the HUAWEI Mate 30 series offers limitless possibilities.Sep: As part of the International Consumer Electronics Fair (IFA) 2019, HUAWEI presents its new smartphone chipsets with the Kirin 990 and Kirin 990 5G. The Kirin 990 5G is the world’s first commercially available 5G System on a Chip (SoC), which for the first time combines a CPU and 5G modem on one chip. The Kirin 990 5G thus gives end consumers special access to the outstanding 5G speed in the first year of the 5G and new mobile communications age.
August: HUAWEI presents its HarmonyOS at its in-house developer conference, the HUAWEI Developer Conference. The operating system based on microkernels is designed to offer a particularly intuitive user experience across all device classes and possible uses.
HarmonyOS is a compact and simply structured operating system with great performance potential. Initially, it will be used in smart devices such as smartwatches, smart displays and speakers as well as in vehicle systems. With this integration across all product classes, HUAWEI wants to create a networked ecosystem that is secure and resilient and enables a particularly simple user experience for all devices.
Jul: HUAWEI announces its business figures for the first half of 2019. The HUAWEI Consumer Business Group achieved sales of 220.8 billion Chinese yuan in the first half of the year.
The number of smartphones delivered (including Honor smartphones) amounts to 118 million devices, an increase of 24 percent compared to the same period last year. The company has also seen a large increase in the number of tablets, PCs and wearables shipped. HUAWEI begins to expand its device ecosystem with services. At this point, the HUAWEI Mobile Service Ecosystem has more than 800,000 registered developers and 500 million users around the world.
Jul: HUAWEI brings the world’s first 5G smartphone with dual-mode technology, the HUAWEI Mate 20 X 5G, to China after it premiered in Switzerland in May.
The HUAWEI Mate 20 X 5G is the first and to date the only commercially available 5G smartphone that supports dual-chip configuration using the HUAWEI Kirin 980 and Balong 5000. This means that standalone (SA) and non-standalone 5G networks (NSA) can be used. In addition, the HUAWEI Mate 20 X 5G will be the first 5G smartphone to have access to China’s 5G network in June.
Jul: After years of record-breaking growth, HUAWEI ranks 61st on the prestigious Fortune 500 list. That means a jump of eleven places compared to the previous year and a leap of an impressive 68 places since 2017.Jul: The HUAWEI Mate 20 X 5G – the world’s first 5G smartphone with dual mode technology – is the first smartphone ever to receive an award from the Global Certification Forum (GCF) because it is the first smartphone to pass all GCF 5G tests. Jun: In the “Top 100 Most Valuable Global Brands” study by BrandZ’s, HUAWEI ranks 47th. Compared to the previous year, the company made up one place and increased its brand value by eight percent. This is the fourth time in a row that HUAWEI is among the top 50 of the world’s most valuable brands.Apr: HUAWEI announces its business figures for the first quarter of 2019. The HUAWEI Consumer Business Group manages to create added value for consumers with innovative products. HUAWEI ships 59 million smartphones in the first quarter. In other areas such as PCs, wearables and smart home products, HUAWEI is valued by customers for its excellent products and first-class user experience.March: Huawei rewritten the rules of photography with the groundbreaking HUAWEI P30 series. The series contains the innovative HUAWEI SuperSpectrum sensor, an optical SuperZoom lens (5x optical zoom, 10x hybrid zoom and up to 50x digital zoom), a new HUAWEI ToF lens (Time of Flight) and the improved, optical AI image stabilization technology. With these revolutionary technologies, the HUAWEI P30 and HUAWEI P30 Pro can take incredible photos and videos in any scenario.
Februar: Auf dem MWC 2019 präsentiert HUAWEI das HUAWEI Mate X, das schnellste faltbare 5G Smartphone der Welt. Das HUAWEI Mate X gewinnt die wichtigste Auszeichnung der Branche: GSMAs “Best New Connected Mobile Device at Mobile World Congress 2019”. Das HUAWEI Mate X verfügt über ein Falcon Wing Mechanical Hinge Design, ein 7nm Multimode-Modem (Kirin 980 + Balong 5000) und einen leistungsstarken 4.500 mAh-Akku und mit der weltweit schnellsten Ladetechnologie ausgestattet ist – 55W HUAWEI SuperCharge.
Huawei stellt auch das aktualisierte HUAWEI MateBook X Pro, das HUAWEI MateBook 13 und das HUAWEI MateBook 14 vor. Diese Produkte bieten den Nutzern eine hervorragende Hochgeschwindigkeits-Konnektivität und bringen ein komplett vernetztes Erlebnis näher als je zuvor.
Januar: Huawei präsentiert seinen 5G-Multimode-Chipsatz, den Balong 5000, und launcht das erste kommerzielle 5G-Gerät, den HUAWEI 5G CPE Pro.
Die neuen Produkte bieten dem Nutzer ein brandneues 5G-Erlebnis bei mehreren Anwendungsbereichen.
Oktober: HUAWEI präsentiert die HUAWEI Mate 20-Serie mit dem Kirin 980, HUAWEISs leistungsstärksten System-on-a-Chip (SoC). Die Flaggschiff-Serie umfasst drei Geräte: HUAWEI Mate 20, HUAWEI Mate 20 Pro und PORSCHE DESIGN HUAWEI Mate 20 RS.
Das Kamerasystem der HUAWEI Mate 20-Serie beinhaltet ein Leica Ultra-Weitwinkelobjektiv mit dem Anwender nicht nur mehr von der Szenerie sehen können, auch Details auf sehr kurze Enternung sind scharf sichtbar dank der neuen Makro-Aufnahmefunktion.
Oktober: HUAWEI wird bei Best Global Brands 2018, veröffentlicht von Interbrand, auf Platz 68 der wertvollsten Marken gewählt. Seit 2017 kletterte HUAWEI um zwei Plätze nach oben. Der Markenwert stieg um 14 Prozent auf 7,6 Milliarden US-Dollar.
August: HUAWEI stellt den Kirin 980 vorgestellt, den weltweit ersten 7nm System-on-a-Chip für Mobiltelefone.
August: Nach IDC ist HUAWEI seit dem zweiten Quartal 2018 die weltweite Nummer zwei auf dem Smartphonemarkt.
Mai: Huawei ist das einzige chinesische Unternehmen, das 2018 in der jährlich von Forbes zusammengestellten Liste der wertvollsten Marken der Welt aufgeführt war – mit einem Markenwert von 8,4 Milliarden Dollar.
Mär: Huawei stellt die Smartphones der Serie HUAWEI P20 und Porsche Design HUAWEI Mate RS vor. HUAWEI P20 Pro erreicht bei DxOMark ein Ergebnis von 109 – das bis dato beste Ergebnis.
Feb: Huawei introduces the HUAWEI MateBook X Profi and the HUAWEI MediaPad M5 series
– Smart Homes
– Mobile Services
– Emui 11.
– Huawei Store
Victoria Gray (right), shown with researcher Haydar Frangoul, was the first patient to be treated with the gene-editing tool CRISPR for sickle cell disease. AMANDA STULTS/SARAH CANNON RESEARCH INSTITUTE/THE CHILDREN’S HOSPITAL AT TRISTAR CENTENNIAL
Dec. 5, 2020
It is a double milestone: new evidence that cures are possible for many people born with sickle cell disease and another serious blood disorder, beta-thalassemia, and a first for the genome editor CRISPR.
In today’s issue of The New England Journal of Medicine (NEJM) and tomorrow at the American Society of Hematology (ASH) meeting, teams report that two strategies for directly fixing malfunctioning blood cells have dramatically improved the health of a handful of people with these genetic diseases. One relies on CRISPR, marking the first inherited disease treated with the powerful tool created just 8 years ago. And both treatments are among a wave of genetic strategies poised to widely expand who can be freed of the two conditions. The only current cure, a bone marrow transplant, is risky, and appropriately matched donors are often scarce.
The novel genetic treatments still need longer folllow up, have the same safety issues as bone marrow transplants for now, and may also be extraordinarily expensive, but there is hope those risks can be eliminated and the costs pared down. “This is an amazing time, and it’s exciting because it’s happening all at once,” says hematologist Alexis Thompson of Northwestern University, who with a company called Bluebird Bio continues to test yet another genetic strategy that first demonstrated a sickle cell fix several years ago.
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People born with sickle cell disease have mutations in their two copies of a gene for hemoglobin, the oxygen-carrying protein in red blood cells. The altered proteins stiffen normally flexible red blood cells into a sicklelike shape. The cells can clog blood vessels, triggering severe pain and raising the risk of organ damage and strokes. Sickle cell disease is among the most common inherited diseases, affecting 100,000 Black people in the United States alone. (The sickling mutations became widespread in African people, as one copy protects blood cells from malaria parasites.)
People with beta-thalassemia make little or no functioning hemoglobin, because of other mutations that affect the same subunit of the protein. About 60,000 babies are born each year globally with symptoms of the disease, largely of Mediterranean, Middle Eastern, and South Asian ancestry. Blood transfusions are standard treatment for both diseases, relieving the severe anemia they can cause, and drugs can somewhat reduce the debilitating “crises” that often send sickle cell patients to the hospital.
In the two new treatments, investigators have tinkered with genes to counter the malfunctioning hemoglobin. They remove a patient’s blood stem cells and, in the lab, disable a genetic switch called BCL11A that, early in life, shuts off the gene for a fetal form of hemoglobin. The patient then receives chemotherapy to wipe out their diseased cells, and the altered stem cells are infused. With the fetal gene now active, the fetal protein restores missing hemoglobin in thalassemia. In sickle cell disease it replaces some of the flawed adult sickling hemoglobin, and also blocks any remaining from forming sticky polymers.
“It’s enough to dilute the effect,” says Samarth Kulkarni, CEO of CRISPR Therapeutics, which partnered with Vertex Pharmaceuticals on using the genome editor.
They engineered CRISPR’s DNA-cutting enzyme and “guide RNA” to home in on and break the BCL11A gene. In a more traditional gene therapy effort, a team led by gene therapy researcher David Williams of Boston Children’s Hospital achieved the same goal. They used a harmless virus to paste into the blood stem cells’ genome a stretch of DNA coding for a strand of RNA that silences the fetal hemoglobin off switch.
Patients treated in both trials have begun to make sufficiently high levels of fetal hemoglobin and no longer have sickle cell crises or, in all but a single case, a need for transfusions. In one NEJM paper today, the Boston Children’s team reports on the success of its virus gene therapy in six sickle cell patients treated for at least 6 months. They include a teenager who can now go swimming without pain, and a young man who once needed transfusions but has gone without them nearly 2.5 years, says Erica Esrick of Boston Children’s. “He feels perfectly normal.”
CRISPR appears to have done at least as well. The first sickle cell patient to receive CRISPR 17 months ago, a Mississippi mother of four named Victoria Gray, has called the results “wonderful.” “We have ameliorated the symptoms,” says Haydar Frangoul, a hematologist at the Sarah Cannon Research Institute who treated Gray as part of the CRISPR trial. “Every time I call her on the phone or see her in the clinic, she feels great.”
CRISPR Therapeutics and Vertex describe the results for Gray and one beta-thalassemia patient treated 22 months ago today in another NEJM paper, and Frangoul will report on seven beta-thalassemia and three sickle cell patients tomorrow at the online ASH meeting. The CRISPR results “are really very impressive,” says Boston Children’s stem cell biologist Stuart Orkin, whose lab discovered the BCL11A switch that led to both trials. (He is not directly involved with either.)
The results are comparable to the older strategy from Bluebird that relies on a different genetic alteration: adding a gene for an adult hemoglobin that has been tweaked so it reduces polymerization of the sickling form. At the ASH meeting, Thompson will give an update on about two dozen sickle cell disease patients who received the treatment within the past 3 years. As of March, the 14 with a follow-up of 6 months or more had experienced just a single mild pain crisis overall.
The Bluebird treatment was approved in Europe in 2019 for certain beta-thalassemia patients, and the company expects to seek Food and Drug Administration approval in the United States for its products for both diseases within the next few years. Bluebird chief scientific officer Philip Gregory says the long-term data for the firm’s treatment give it an advantage over the newer approaches. “We’ve set a very high bar,” he says.
Others who treat these diseases say it’s too early to crown a specific genetic treatment the winner. For example, reversing the fetal hemoglobin off switch, as the new CRISPR and RNA-based gene therapy strategies do, allows blood cells to make natural levels of the protein. But so far there are no signs that Bluebird’s treatment results in excess adult hemoglobin that causes problems, Williams says. And although a virus-carrying gene can land in the wrong place and trigger cancer, CRISPR could similarly make harmful off-target edits. There has been no sign of that. Still, “We need long-term follow-up” for all the strategies, says the National Institutes of Health’s (NIH’s) John Tisdale, a coleader of the Bluebird study.
None of these genetic treatments seems likely to immediately help the many patients in places like Africa and India who don’t have access to sophisticated health care. “It’s wonderful, but it won’t solve the global health problem,” Orkin says. Bluebird expects to charge $1.8 million for LentiGlobin in Europe—a sum it derived from looking at a patient’s gains in life span and quality of life—and the other genetic treatments are likely to be similarly expensive. Costs will also include the chemotherapy needed to eliminate patients diseased blood stem cells, and the attendant hospital stay.
Bluebird and other groups are exploring whether antibodies, instead of harsh chemotherapy, can wipe out a patient’s diseased cells. In a bolder effort, NIH and the Bill & Melinda Gates Foundation last year announced a plan to put at least $100 million into developing technologies that would modify blood stem cells in a patient’s bone marrow by injecting the gene-editing tools themselves into the body. “It’s a big hairy goal, but it’s an engineering challenge,” says gene therapy researcher Donald Kohn of the University of California, Los Angeles, who leads another sickle cell treatment trial. “We’ll get there.”
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The front yard of your home is the first impression people get, so you really want it to look good. There are a lot of different options for landscaping your front yard: an extremely manicured garden, a minimal approach, or a natural appeal. The great news is that a lot of these front yard landscaping ideas can be done just as well on a budget. Let’s check out some great ideas to create a beautiful and welcoming front yard.
Updated on 3 December 2020, 15:37 CET
• Benefits applications remain well above pre-pandemic levels
• Further improvement threatened by surge in coronavirus cases
A worker installs plumbing at the HL Enterprise manufacturing facility in Elkhart, Indiana. Photographer: Ty Wright/Bloomberg
Applications for U.S. state unemployment benefits fell by the most in almost two months, offering some hope that the gradual recovery in the job market will continue despite a spike in Covid-19 infections and renewed business restrictions.
Initial jobless claims in regular state programs decreased by 75,000 to 712,000 in the week ended Nov. 28, the first drop in three weeks, Labor Department data showed Thursday. Without adjustments for seasonal fluctuations, applications dropped by about 122,000 during the period.
Follow reaction in real time here on Bloomberg’s TOPLive blog
Continuing claims — the total pool of Americans on state unemployment benefits — declined 569,000 to 5.52 million in the week ended Nov. 21.
The main figures were below economists’ projections for 775,000 initial claims and 5.8 million continuing claims, based on the median estimates in Bloomberg surveys. One caveat: seasonal adjustments on claims data tend to be trickier around holidays, and last week included Thanksgiving, making it important to see if the trend holds.
While the latest claims figures show gradual improvement, they’re still well above pre-pandemic levels. The labor market also remains challenged by a rising number of Covid-19 cases and a tightening of business restrictions in parts of the U.S. Some industries such as travel, leisure and hospitality are still depressed by the pandemic and could cut jobs more aggressively in the absence of additional fiscal relief.
The data show a labor market that “continues to progress through the pandemic, but still has a long road to a complete recovery,” Ian Lyngen, head of U.S. rates strategy at BMO Capital Markets, said in a note.
U.S. stocks were little changed at the open, while 10-year Treasury yields fell along with the dollar.
All but 10 states and territories posted unadjusted declines in initial claims last week, with some of the biggest drops occurring in California, Texas, Michigan and Georgia. Illinois, Oregon and Indiana reported the largest increases in filings during the holiday week.
“The plunge in initial claims does not refute the idea that the trend is rising; we expected a sharp fall because of the difficulty of adjusting for Thanksgiving,” Ian Shepherdson, chief economist at Pantheon Macroeconomics, wrote in a note. He had forecast claims of 725,000.
The government’s monthly jobs report on Friday is projected to show payrolls grew by about 475,000 in November, still solid yet the smallest gain in seven months, according to the median forecast in a Bloomberg survey of economists. The jobless rate is forecast to tick down to 6.8% from 6.9%.
A report on Wednesday from ADP Research Institute showed that companies in the U.S. added fewer jobs than expected in November, a sign that businesses are slowing down the rate of hiring as coronavirus cases reach new levels.
Continuing claims for Pandemic Unemployment Assistance, a program that provides benefits to self-employed and gig workers, decreased about 339,000 to 8.87 million in the week ended Nov. 14. This number, though, is inflated by multiple-counting and fraud, according to a government watchdog’s report this week, and the Labor Department plans to add a disclaimer.
More people have moved into extended programs like Pandemic Emergency Unemployment Compensation, but these were put in place by the Cares Act will expire by year-end and leave millions of people without government aid. The number of Americans on PEUC assistance rose slightly to 4.57 million in the week ended Nov. 14.
— With assistance by Chris Middleton, Jeff Kearns, Edith Moy, Sophie Caronello, Ye Xie, and Ana Monteiro
(Updates with market open, adds analyst comment)