Applications for US jobless benefits drop again to 236,000 - News Summed Up

Applications for US jobless benefits drop again to 236,000


The number of unemployed workers filing for jobless benefits fell by 2,000 last week to 236,000, the lowest level in five weeks and further evidence of the strength in the labor market. Last week's applications total was the third consecutive weekly drop, the Labor Department reported Thursday. The weekly number has been below 300,000 for close to three years, a stretch not seen in more than four decades. The government will release the November unemployment figure on Friday and private economists believe that figure will show unemployment remaining at 4.1 percent. Employers added 261,000 jobs in October, a solid gain after hiring fell in September because of the storms.


Source: ABC News December 07, 2017 13:35 UTC


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