© 2024 KGOU
Photo of Lake Murray State Park showing Tucker Tower and the marina in the background
News and Music for Oklahoma
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Weekly Jobless Claims Stay Toward Lower End Of Recent Range

There were 320,000 first-time claims filed for unemployment insurance last week, the Employment and Training Administration says.

While that's 5,000 more than were filed the week before, it's also a level that's at the lower end of the recent range for such claims and is roughly the pace they were running before the economy slipped into its most recent recession in December 2007.

Bloomberg News sifts through the report and concludes that it's "a sign the labor market continues to strengthen."

Reuters notes that the increase was less than expected and points to "some underlying strength in the labor market."

MarketWatch points out that:

"The number of people seeking benefits each week is seen as a good gauge of how many layoffs are occurring in the economy. The latest claims report took place during the survey week used by Labor to calculate monthly employment growth for March, suggesting that job creation could end higher compared to the first two months of the year. A lower claims figure typically correlates with higher monthly job growth."

Copyright 2021 NPR. To see more, visit https://www.npr.org.

Mark Memmott is NPR's supervising senior editor for Standards & Practices. In that role, he's a resource for NPR's journalists – helping them raise the right questions as they do their work and uphold the organization's standards.
More News
Support nonprofit, public service journalism you trust. Give now.