US jobless claims dropped to 189,000 last week — beating the 196,000 forecast and coming in below the prior week's revised 195,000. The labor market stays resilient ahead of Friday's big jobs report.
The 4-week moving average eased to 194,750, but continuing claims rose 23,000 to 1.718 million, and the insured unemployment rate held at 1.1%.
Traders took it in stride: Dow futures rose about 0.6% and S&P 500 futures edged up 0.1%, while Nasdaq 100 futures slipped 0.8% as chip stocks stay under pressure.
#JoblessClaims #USEconomy #LaborMarket #Stocks #Nasdaq #DowJones #FinanceNews #Zimbuck
The 4-week moving average eased to 194,750, but continuing claims rose 23,000 to 1.718 million, and the insured unemployment rate held at 1.1%.
Traders took it in stride: Dow futures rose about 0.6% and S&P 500 futures edged up 0.1%, while Nasdaq 100 futures slipped 0.8% as chip stocks stay under pressure.
#JoblessClaims #USEconomy #LaborMarket #Stocks #Nasdaq #DowJones #FinanceNews #Zimbuck
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