Jobless Claims Decline
Jobless claims fell to 215,000, lower than expected, affirming a strong labor market with low layoffs and high demand for workers. Continuing claims rose slightly to 1.79 million.
Key Points
- Jobless claims fell to 215,000 from 223,000
- Second straight week of declining claims
- Continuing claims rose by 8,000 to 1.79 million
Pros
- Low jobless claims indicate a strong labor market
- High demand for workers