PiCK
US Weekly Jobless Claims Total 200,000, Below Forecast
Uk Jin
Summary
- The US Labor Department said last week’s initial jobless claims totaled 200,000, 5,000 below the forecast of 205,000.
- Compared with the prior week’s revised figure of 189,000, initial jobless claims increased by 11,000.
- Initial jobless claims are an indicator used to gauge overheating in the US labor market.
Forecast Trend Report by Period
US initial jobless claims came in below market expectations last week.
The Labor Department said on May 7 that initial jobless claims totaled 200,000 last week. That was 5,000 below economists’ forecast of 205,000 and up 11,000 from the prior week’s revised figure of 189,000.
Initial jobless claims are a gauge of overheating in the US labor market. An increase in claims can signal that the labor market is cooling.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
