The Department of Labor reported that
Initial jobless claims at 367,000 increased 8,000 from the prior week's unrevised figure.
Not exact matches
There has been a fairly sustained increase in job creation over
at least the last five months, Desjardins said, and the level of
initial jobless claims has been decreasing.
The economics calendar will be busy Thursday, with the weekly report on
initial jobless claims, as well as readings on worker productivity and the trade balance are all due
at 8:30 AM ET (1230GMT).
For example, weekly
initial jobless claims are currently running
at around the 345,000 level, which in the past has been consistent with monthly employment gains of around 150,000; the manufacturing ISM employment index is
at a 20 - year high; and growth in temporary - help services employment (which tends to lead overall employment) has picked up.
Data on
initial jobless claims for the latest week and import prices for March will be released
at 8:30 a.m. ET.
This was in spite of investors learning that
initial jobless claims had declined by 1,000 to 232,000 for the prior week (remaining
at an almost 45 - year low).
Other job - related data continue to show signs of improvement with
initial jobless claims hovering near a new low of the recovery
at the end of March.
«This is yet another sign that, as we first saw with the
initial jobless claims data, the recovery from Harvey was very fast and the disruption from Irma in Florida was far less than initially feared,» said Stephen Stanley, chief economist
at Amherst Pierpont Securities.