BREAKING: Jobless claims plunge to lowest since May


As the most reliable and balanced news aggregation service on the internet, DML News offers the following information published by WASHINGTONEXAMINER.COM:

New applications for unemployment insurance benefits dropped 18,000 to 214,000 in the first week of July, the Department of Labor reported Thursday.

Forecasters had expected around 225,000 new jobless claims. Instead, they fell more than expected to the lowest since May, when claims were plumbing the lowest levels since the 1970s.

The article goes on to state the following:

Low claims are a good sign. They suggest that layoffs are rare and that job creation is high.

The claims data for recent months show no signs that the unemployment rate, at a decades-low 3.8 percent, is heading back up. In fact, they indicate it has room to fall further.

To weigh in on this information provided by WASHINGTONEXAMINER.COM, engage in our LIVE CHAT below. Scroll down.

For more on this story, click the "read more" button below.


If you would like to receive Breaking News text alerts on a smartphone or tablet, download the DML APP which is completely FREE and easy to use. Go to the Google Play Store or the IOS App Store and search for DML APP. Be sure to keep the app’s notifications setting on. Another way to receive alerts is to text to 40404 the following message: follow @realdennislynch (be sure to put a space between the word follow and the @ symbol).

To see more stories like this, sign up below for Dennis Michael Lynch’s email newsletter.


Comment via Facebook

Send this to a friend