URL has been copied successfully!
The number of Americans filing for unemployment benefits remained around historically low levels, signaling a stable U.S. labor market.
Initial jobless claims fell by 11,000 to 207,000 for the week ending April 11, according to new Department of Labor data released on April 16. This is down from the previous week’s 218,000, which was the highest reading since early February during the storm-driven fallout. Economists had penciled in a level of 215,000.
The four-week average, which strips out week-to-week volatility, was little changed at 209,750.
Unemployment claims data further support that layoffs remain low as companies refrain from shrinking headcount while navigating turbulence in the broader economy….
Initial jobless claims fell by 11,000 to 207,000 for the week ending April 11, according to new Department of Labor data released on April 16. This is down from the previous week’s 218,000, which was the highest reading since early February during the storm-driven fallout. Economists had penciled in a level of 215,000.
The four-week average, which strips out week-to-week volatility, was little changed at 209,750.
Unemployment claims data further support that layoffs remain low as companies refrain from shrinking headcount while navigating turbulence in the broader economy….
Please follow us:
