Weekly initial jobless claims fell again in the latest week, falling 10,000 to 514,000 and reaching the lowest level since the start of the year. The 4-week moving average is also trending lower, dropping 9,000 to 531,500 and continuing claims slid 75,000 to 5.99 million.
Falling weekly claims are signaling that companies are growing more optimistic about job prospects, while the lowest level in weekly claims in over nine months suggests an improvement in nonfarm payrolls for the month of October.
0 comments:
Post a Comment