US Jobless Claims Fall for 3rd Time in 4 Weeks
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US filings for unemployment benefits fell for the 3rd time in 4 weeks and remain near the lowest level in 48 years, underscoring tightness in the job market, Labor Department figures showed Thursday.
|Highlights of Jobless Claims (Week Ended 10 March)|
The US labor market is in good shape, with weekly applications for jobless benefits over the past 3 years below the 300,000 mark that is consistent with good health. The figures reflect how companies are holding on to employees and highlight a big problem they face: finding people with necessary skills to fill open positions.
The data follow the February jobs report last week showing employers added the most workers since mid-2016, while the labor-force participation rate had the biggest jump in almost eight years.
- Prior week’s reading was revised to 230,000 from 231,000
- Unemployment rate among people eligible for benefits unchanged at 1.3% in week ended 3 March
Thursday, the major US stock market indexes finished at: DJIA +115.54 at 24873.66, NAS Comp -15.07 at 7481.73, S&P 500 -2.15 at 2747.33
Volume: Trade on the NYSE came in at: 814-M/shares exchanged
- NAS Comp +8.4% YTD
- S&P 500 +2.8% YTD
- DJIA +0.6% YTD
- Russell 2000 +2.7% YTD
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