Most Active Stories
- Empire Brewing Company says new brewery will create distinctive craft beers
- Teachers union not ready to reverse no confidence vote in education commissioner
- Duffy will keep thoughts to himself on Moreland Commission
- Tell Me More will leave WRVO's midday schedule; Q with Jian Ghomeshi moves in
- Novelis defends itself in court against allegations of influencing union vote
Jobless Claims Dropped By 27,000 Last Week
There were 365,000 first-time claims for unemployment insurance filed last week, down 27,000 from the week before, the Employment and Training Administration reports.
The decline was more than economists expected, Bloomberg News says. Reuters says the news "could ease fears the labor market recovery was stalling." Claims have basically been trending around a four-year-low level for much of this year.
We'll learn much more about the health of the labor market on Friday, when the Bureau of Labor Statistics is due to report on April payroll employment and the April unemployment rate. In March, BLS has reported, the jobless rate was 8.2 percent.