The count is growing… Weekly jobless claims as a figure is still headed the wrong way and still above that awful 400,000 line. The Labor Department reported that jobless claims in the last week rose 2,000 to 414,000. Bloomberg had the consensus at 408,000. The unrevised figure from the week before was 409,000 versus the revised figure of 412,000.
This report also showed that the four-week average rose by 3,750 to 414,750.
Measuring the army of the unemployed via the continuing jobless claims somehow fell by 30,000 to
3,717,000, although this figure has a one-week lag to the data.
It was just yesterday that we showed a cycle peak in job openings. Unfortunately, the average job has over 4.3 applicants per opening and that means that there are many jobs that have exponentially higher applicants per position than that figure. After the net zero on the non-farm payrolls created in August there is just very little to be excited about here.
The drum beats on…
JON C. OGG
Essential Tips for Investing (Sponsored)
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
