Good news everyone!The initial jobless claim numbers came out today, and
the numbers are pretty good:
Initial jobless claims — a rough gauge of layoffs — sank by 18,000 to a seasonally adjusted 324,000 in the week ended April 27, the Labor Department said Thursday. That’s the lowest level since January 2008.
………
Meanwhile, the four-week average of new claims, which smooths out weekly volatility, fell by 16,000 to 342,250. That’s the smallest amount in six weeks.
The number of people already receiving benefits, known as continuing claims, rose by 12,000 to a seasonally adjusted 3.02 million in the week ended April 20. Most states typically offer 26 weeks of unemployment pay.
Decent numbers.
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