More Great News From The Jobs Market
TBI
This was lower than the 297,000 expected by economists.
"Claims have been below 300,000 for 12 of the past 13 weeks," Bloomberg's Victoria Stilwell noted.
Continuing claims climbed to 2.514 million from 2.372 million a week ago.
"The spike in continuing claims brought the insured unemployment rate one-tenth higher to 1.9%," Barclays' Jesse Hurwitz noted. "While initial claims have resumed their downward trend following volatility in recent weeks, we look to next week's report to better gauge the near-term trend in continuing claims. On balance, labor market separations have remained at low levels thus far in Q4, and we expect this positive trend to continue in the coming months."
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- 2 states where home prices are falling because there are too many houses and not enough buyers
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- Foreign tourist arrivals in India will cross pre-pandemic level in 2024
- Upcoming smartphones launching in India in May 2024
- Markets rebound in early trade amid global rally, buying in ICICI Bank and Reliance
- Women in Leadership
- Rupee declines 5 paise to 83.43 against US dollar in early trade