This week’s report offered news of decent progress on the labor front, as claims fell 11,000 to 445,000. That’s the lowest since early July. Still, any number over 400,000 shows there’s still a long way to go.
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The number of new and continuing jobless claims fell last week, a sign of modest progress in the labor market. After a seasonal rise this summer, claims appear to be trending lower.
Continue reading U.S. Jobles…
The labor market turned in mixed performance as initial jobless claims unexpectedly rose to 465,00. However, continuing claims fell.
Continue reading Initial Jobless Claims Jump, but Continuing Claims Fall
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Initial jobless claims dipped more than expected to 450,000 last week, while continuing claims plunged 84,000 to 4.49 million, signaling another week of modest progress on the labor front.
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Initial claims unexpectedly plunged 27,000 to 451,000, the U.S. Labor Department says. That’s a long shot better than what a Bloomberg survey had forecast: It found initial jobless claims would dip to 470,000.
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