Jobless claims plunge to 214,000, lowest since May
Friday, July 13, 2018 | Tag Cloud Tags: News, PLO, Washington, Worthy News | Learn about our FREE SYNDICATION Service | Sign up for our Worthy Briefs! | Printer Friendly
(Worthy News) – 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.
Low claims are a good sign. They suggest that layoffs are rare and that job creation is high. [ Source: Washington Examiner (Read More…) ]
Latest Worthy News
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.