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Final Up to date: Feb. 29, 2024 at 8:42 a.m. ET
First Revealed: Feb. 29, 2024 at 8:32 a.m. ET
The numbers: Preliminary jobless profit claims rose by 13,000 to 215,000 within the week ended Feb. 24, the U.S. Labor Division mentioned Thursday.
Economists polled by The Wall Road Journal had estimated new claims would rise to 210,000.
Key particulars: The variety of Individuals already accumulating jobless advantages within the week ended Feb. 17 rose by…
The numbers: Preliminary jobless profit claims rose by 13,000 to 215,000 within the week ended Feb. 24, the U.S. Labor Division mentioned Thursday.
Economists polled by The Wall Road Journal had estimated new claims would rise to 210,000.
Key particulars: The variety of Individuals already accumulating jobless advantages within the week ended Feb. 17 rose by 45,000 to 1.91 million.
Huge image: Claims have been bouncing round low ranges. Economists detect some softening within the labor market and don’t count on claims to stay so low in coming weeks. Stepping again, the information suggests continued strong financial progress and steady unemployment.
Market response: Shares
DJIA
SPX
had been set to open decrease on Thursday. The yield on the 10-year Treasury observe
BX:TMUBMUSD10Y
rose to 4.291%.
