The November spike of 90,000 new claims, nearly entirely due to the impact of Hurricane Sandy, has now been sifted out of the weekly numbers, and this week’s total is back in line with the trend before the storm hit.
The four-week average fell by 2,250 to 381,500 from last week’s 408,500. The army of unemployed, measured by the continuing jobless claims, with a one week lag, fell by 23,000 to 3,198,000.
Today’s numbers are much better than expected, but the impact on premarket trading has been slight. Yields on Treasuries rose following this morning’s report as bond traders see signs of a slightly stronger economy going forward. The S&P and DJIA are both still looking for direction this morning.
Paul Ausick
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.