Jobless Claims Rise To 381,000; Labor Market 'Healing'
Jobless claims last week rose from 366,000 to 381,000, but according to Reuters journalists, “the underlying trend continued to point to improving labor market conditions.”
According to Gennadiy Goldberg, interest-rate strategist at 4CAST in New York, this uptick is simply the market “correcting” itself from an unsustainable but totally awesome plummet to a “sustainable downtrend.”
Since claims remain below 400,000, consumer spending and consumer confidence should both show improvements in December.
Meanwhile, the number of people receiving continuing benefits from their state rose 34,000 to 3.60
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in