Latest News

Economic Report: Jobless claims bounce higher after hitting 54-year low in prior week

0

The numbers: Initial jobless claims rose 18,000 to 185,000 in the week ended April 9, the Labor Department said Thursday.  Claims had matched a 54-year low in the prior week.

Economists polled by The Wall Street Journal had estimated new claims would rise to 172,000.

Key details: The number of people already collecting economic benefits, known as continuing claims fell 48,000 to 1.48 million. These claims are reported with a one-week lag.

Big picture: Economists say that jobless claims are flattening out at a very low level.

On Wednesday, Treasury Secretary Janet Yellen, a labor-market expert, said that by many metrics, the U.S. labor market is as tight right now since it has been in her lifetime.

Market reaction: Stocks
DJIA,
+1.01%

SPX,
+1.12%

were set to open mixed on Thursday.

Weekly Initial Unemployment Claims Increase to 185,000

Previous article

Retail Sales Increased 0.5% in March

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in Latest News