Jobs

Weekly Jobless Claims Trends Still Looking Better Than Worse

The U.S. Labor Department is out with its report on weekly jobless claims were unchanged after a revision higher the week before.  That puts the claims for the last week at 351,000 and the prior report of 348,000 was revised to 351,000.  Dow Jones had estimates of 355,000 for this last week.

The four-week moving average is used as a smoothing-out calculation and that figure fell by 7,000 to 359,000.  The army of the unemployed, measured by the continuing jobless claims, fell by 52,000 to 3,392,000 and that figure has a two-week lag.

Getting closer to 300,000 will truly help unemployment and it will make the ‘underemployment’ and the labor participation situation better.  We are close, but not quite there.

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.