Jobless claims dip to 223,000 in early March, reinforcing signs of strong labor market

The numbers: The number of people who applied for unemployment benefits in early March fell slightly, keeping so-called jobless claims near the lowest levels in a half-century.

The four-week average of new jobless claims also slipped by 3,000, to 226,250. The monthly average is viewed as more stable since it smoothens weekly gyrations. What happened: The number of layoffs in the economy is still extremely low, but they no longer appear to be falling. Big picture: The U.S. economy slowed toward the end of 2018 and got off to a sluggish start in the new year, hurt by the partial government shutdown and a festering trade dispute with China.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jobless claims dip 3,000 to 223,000 in early March, labor market still showing strengthThe number of people who applied for unemployment benefits in early March after losing their jobs fell slightly, keeping so-called jobless claims near the lowest levels in a half-century. Initial jobless claims fell by 3,000 to 223,000. thanks for updates marketwatch Add GM closures next month...
Source: MarketWatch - 🏆 3. / 97 Read more »

Why stocks surging in January and February is a good sign for MarchSince 1990, when the S&P has gained 7.5% or more January through February, all three major indices have continued higher in March. 'surging' or 'recovering'? 3 month return. .5%.
Source: CNBC - 🏆 12. / 72 Read more »