Jobless claims show resilient USA job market

Cornelia Mascio
Dicembre 7, 2017

The number of Americans filing applications for new unemployment benefits fell last week, signaling a strong labor market that's continuing to tighten.

A day ahead of the release of the closely watched monthly jobs report, the Labor Department released a report on Thursday unexpectedly showing a modest decrease in first-time claims for USA unemployment benefits in the week ended December 2nd. This was in line with what economists surveyed by The Wall Street Journal had expected. The number dipped to 4.1% in October, the lowest reading in nearly two decades.

On Friday, the Labor Department is scheduled to release its closely watched report on the employment situation in month of November.

Still, jobless claims data can be volatile.

Recently, the measure of workers on longer-term unemployment rolls had been trending near the lowest levels since 1973, while the weekly unemployment applications have held below 300,000 for more than two-and-a-half years, the longest streak since the 1970s too.

As an aside, Labor said that claims taking continued to be disrupted in the Virgin islands and had not yet returned to normal in Puerto Rico.

Altre relazioniGrafFiotech

Discuti questo articolo

Segui i nostri GIORNALE