US Weekly Jobless Claims Fall Again

More stories for you

U.S. Planned Layoffs Plummet 53% In November, But Still Outpace 2024 Levels

10 hours ago

U.S. Weekly Jobless Claims Fall To Three-Year Low Amid Mixed Labor Market Signals

10 hours ago

U.S. Department Of Health And Human Services Makes It Harder For Federal Employees With Disabilities To Work Remotely

10 hours ago

Boomerang Generation Sees One In Three Young Workers Moving Home, Struggling With Pay And Career Credibility

10 hours ago

What’s going on:    

The number of Americans applying for unemployment benefits decreased last week, yet yearly revisions revealed that the number of applications submitted this year was greater than first thought, proving further that the labor market is slowing down. 

Why it matters:  

Last week’s jobless claims saw a decrease of 18,000, settling at a seasonally adjusted total of 228,000 for the week ending April 1st.  

Advertisements

Revised figures showed that 48,000 more applications had been received than initially reported, which was higher than the 200,000 expected by economists in a Reuters poll. 

How it’ll impact the future: 

Although the labor market appears to have softened recently, the current levels remain low compared to past years, indicating that the labor market isn’t too weak.

Advertisements

Advertisements