New U.S. unemployment report released

The U.S. Labor market is continuing to show strength in early April. According to the most recent jobs report, there were only 234,000 unemployment claims in early April and less than 300,000 people applying for unemployment benefits.

This marks 110 straight weeks of jobless claims being below 300,000, according to MarketWatch, which is the best performance since the 1970s.

The report also showed a record 78 months of employment gains with a very low number of layoffs. Although the U.S. only added 98,000 new jobs last month, after 200,000-plus gains in both January and February, economy experts say the slowdown in March was “weather related” and does not reflect the upbeat labor market.

MarketWatch reports jobless claims fell by 7,000 and anticipates new jobless claims to total 245,000 from April 2 to April 8.

Screen Shot 2017-04-13 at 8.58.15 AM

H/T: MarketWatch

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