Weekly Claims Data Shows Encouraging Trend -- Market Talk

Dow Jones11-21 22:27

0927 ET - The fall in jobless claims to the lowest level since April is a positive sign for the labor market, Nancy Vanden Houten of Oxford Economics writes. "Seasonal factors will make the weekly data volatile, so we won't read much into one week's change in claims. Still, after being boosted by the Boeing strike and Hurricanes Helene and Milton, claims have returned to a level consistent with limited layoffs," Vanden Houten writes. Continued claims are still running high, but some of recent increase may still be attributed to the aftereffects of the Boeing strike, hurricanes Helene and Milton, and auto-industry layoffs in the Midwest. (matt.grossman@wsj.com; @mattgrossman)

(END) Dow Jones Newswires

November 21, 2024 09:27 ET (14:27 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment