Jobs
Weekly Jobless Claims Look Good, But With Underlying Mixed Data
Published:
Last Updated:
The Labor Department has just given its newest report on Weekly Jobless Claims and the news is heading more and more in the right direction. The new rate is down to 358,000, and the prior’s weeks report was revised higher to 373,000 from 367,000 previously reported.
There is a one-week lag on the army of unemployed measured by the continuing jobless claims, but that figure rose by about 64,000 to 3.51 million. Again, there is a one-week lag to that data but it goes against the improving conditions in the weekly data at least on new claims.
With news of a deal being reached in Europe this morning, investors have just one more small bit of data to cheer about to support a bullish economic thesis. S&P and DJIA futures are now in positive territory.
JON C. OGG
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
