The numbers: The number of people who applied for unemployment benefits in late February rose modestly but remained near the lowest level in decades, suggesting the labor market is still rock solid.
The four-week average of new jobless claims, meanwhile, dipped by 7,000 to 229,000 a week after hitting a 13-month high. The monthly average is viewed as more stable since it smoothens out the weekly gyrations.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US jobless claims, continuing claims rise, suggesting a softening jobs marketThe number of Americans filing applications for jobless benefits increased more than expected last week and the number of people on unemployment rolls increased to a 10-month high. Very worrying : Continuing Claims 1800K going up since October... reminds 2007 ... Q4 GDP is a lag ... Q1 and going forward will be ugly ... Another great number... Trump 🚂
Source: CNBC - 🏆 12. / 72 Read more »
Jobless claims sink 23,000 to 216,000 - recent spike appears to be false alarmThe number of people who applied for jobless benefits in mid-February fell sharply and returned near recent postrecession lows, suggesting the U.S. labor market is still going strong and keeping the economy on a firm footing. Jobless claims fell by 23,000 to 216,000.
Source: MarketWatch - 🏆 3. / 97 Read more »