The Labor Department said Thursday that first -
time jobless claims dropped by 15,000 to 358,000 last week, although week - to - week changes can be volatile.
The news comes on the heels of a report that said first -
time jobless claims fell to 363,000 last month, and a private study that estimated 158,000 jobs have been added.
Not exact matches
There are two categories of
jobless claims — initial, which comprises people filing for the first
time, and continuing, which consists of unemployed people who have been receiving unemployment benefits for a while.
Back then, the market worried over issues such as the start and speed of Fed tapering, discussions of the
timing of a rate increase, and an improving
jobless claims number.
As I mentioned above, the four - week moving average of the
jobless claims data breached 500,000 this week, which has happened only 4 other
times.
Investors appeared to shrug off the resignation of White House advisor Gary Cohn and an increase in first -
time U.S.
jobless claims in the prior week.
Fueling the uptick: a promising jobs market, with the unemployment rate at a three - year low and first -
time claims for
jobless benefits falling last week to a four - year low, according to a Labor Department report Thursday.