Weekly Jobless Claims Holding Under 300,000

This week’s Labor Department report denoted that there were no special factors influencing the figures higher or lower. The four-week average is down 1,250 against both the prior week and the month-ago week.

The army of unemployed, the continuing claims reported with a one-week lag, showed a gain of 7,000 to 2.439 million.

Another issue that stood out was that the unemployment rate for insured workers remained at a post-recession low of 1.8%.

An atrocious durable goods report may have caught the headlines much more than this week’s jobless claims report. Still, that record drop was on the heels of record gains and was tied almost entirely to aircraft and defense orders.

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