New jobless claims fall to 218,000 as overall number getting benefits declines


(Worthy News) – New claims for unemployment insurance fell 3,000 to 218,000 in the second full week of June, the Department of Labor reported Thursday.

Forecasters had expected 220,000 new jobless claims — an extremely low level, but up 2,000 from the week before.

Low jobless claims are a good sign. They suggest that layoffs are infrequent, and accordingly that job creation is high. [ Source: Washington Examiner (Read More…) ]

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