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Jobless Claims Fall Below 300,000

7 days ago   |   By Crossing Wall Street

I'm on the road today but I wanted to give you a quick update on the markets. This morning's jobless claims came in at 293,000. That's a new pandemic low. That's also the first time we've broken below 300,000 in 20 months. Wall Street had been expecting 318,000.
The drop in claims comes at an important time for the labor market, which has added jobs over the past two months at a decidedly slower-than-expected pace - 366,000 in August and 194,000 in September, leaving the household employment total still more than 5 million shy of where it was pre-pandemic.
Thursday's jobless claims report...
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Economic Roundup: Seasonals Push U.S. Initial Claims Lower

7 days ago   |   By Economy

Claims are now at their lowest since March 2020, thanks to the seasonal adjustment process.
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U.S. jobless claims fall to lowest level since pandemic

7 days ago   |   By Finance Commerce

WASHINGTON - The number of Americans applying for unemployment benefits fell to its lowest level since the pandemic began, a sign the job market is still improving even as hiring has slowed in the past two months. Unemployment claims dropped 36,000 to 293,000 last week, the second straight drop, the Labor Department said Thursday. That's ...
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