There was actually a drop in the jobless claims numbers this week. The new weekly data from the Labor Department came in at 646,000, down 12,000 fro the week before. The prior week’s jobless claims were revised to 658,000 from 654,000. We had consensus estimates at roughly 655,000 as of yesterday. There was also a jump again in continuing jobless claims from 5.29 million up to 5.47 million in the last week.
The unemployed are now arguably the largest city in America. And somehow this is supposed to be good news. And if you are one of the newly unemployed, how much of a lagging indicator does it feel like as the economists keep saying?
JON C. OGG
In 20 Years, I Haven’t Seen A Cash Back Card This Good
Credit card companies are at war, handing out free rewards and benefits to win the best customers. A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges. Our top pick today has pays up to 5% cash back, a $200 bonus on top, and $0 annual fee. Click here to apply before they stop offering rewards this generous.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.