Jobless Claims Changed Little Last Week
There were 382,000 first-time claims for unemployment benefits last week, down by just 3,000 from the week before, the Employment and Training Administration says.
Meanwhile, "the 4-week moving average was 377,750, an increase of 2,000 from the previous week's revised average of 375,750." That figure offers a slightly better look at the trend.
Basically, as we've said many times in recent months, claims have been stuck in a range between 350,000 and 400,000 for the past year and are running at a pace that underscores how the labor market appears to be only slowly improving.
Copyright 2020 NPR. To see more, visit https://www.npr.org.