| | | New jobless claims fall to 187,000, setting more than five-decade low
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Emily McCormick
·Reporter
Thu, March 24, 2022
U.S. jobless claims set a more than 50-year low last week as the red-hot labor market shows few signs of cooling in the near-term.
The Labor Department released its latest weekly jobless claims report Thursday at 8:30 a.m. ET. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg:
Initial jobless claims, week ended March 19: 187,000 vs. 210,000 expected and a revised 215,000 during prior week
Continuing claims, week ended March 12: 1.350 million vs. 1.400 million expected and a revised 1.417 million during prior week
At 187,000, new jobless claims improved for a back-to-back week and reached the lowest level since September 1969. Continuing claims also fell further to reach 1.35 million — the least since January 1970.
The labor market has remained a point of strength in the U.S. economy, with job openings still elevated but coming down from record levels as more workers rejoin the labor force from the sidelines.
...... finance.yahoo.com |
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