"US Jobless Claims Hit 3-Month Low"
TL;DR Summary
U.S. jobless claims dropped by 1,000 to 202,000, the lowest level since October, indicating a healthy labor market. The number of people collecting unemployment benefits also fell to 1.83 million, the lowest since October. Economists suggest that businesses are cutting back on hiring but not laying off workers, supporting slower but still positive employment growth. Stocks opened higher in response to the news.
Topics:business#economic-growth#economy#jobless-claims#labor-market#stock-market#unemployment-benefits
- U..S. jobless claims drop to lowest level since October MarketWatch
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- Gold prices steady after U.S. weekly jobless claims fall to 202K Kitco NEWS
- US applications for jobless benefits fall to lowest level in 12 weeks The Associated Press
- US applications for jobless benefits fall to lowest level in 3 months Yahoo Canada Finance
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