US weekly jobless claims total 233000, vs 240000 expected
Initial claims for state unemployment benefits increased 17,000 to a seasonally adjusted 233,000 for the week ended January 20, the Labor Department said on Thursday.
USA jobless claims continue to indicate towards strong labor markets.
Economists polled by Reuters had forecast claims rising to 240,000 in the latest week. The four-week moving average, a steadier measure, fell 3,500 to 240,000 last week.
The Labor Department noted claims taking procedures in Puerto Rico and in the Virgin Islands have still not returned to normal.
The unemployment rate has been parked at 4.1%, a 17-year low.
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Gateway Investment Advisers LLC Sells 4961 Shares of AFLAC Incorporated (AFL)
Therefore 16% are positive. $50,525 worth of Aflac Incorporated (NYSE:AFL) was sold by Daniels James Todd on Friday, September 29. Thompson Siegel & Walmsley Llc bought 35,429 shares as the company's stock declined 14.09% while stock markets rallied.
Zainab's killer to be probed for ties with porn ring
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"We also think that this tightness will begin to more noticeably put upward pressure on wage increases in the coming year", Porter wrote.
Number of Unemployed Persons Per Job Opening, Jan. 25, 2018. Continuing claims fell by 28,000 to 1.94 million in week ended January 13.
The number of unemployed persons per job opening remained at an historic low of 1.1 since November, compared to the ratio's peak of 6.6 in July 2009 during the recession, according to the Bureau of Labor Statistics. Recent reports by the Federal Reserve indicate employers across Fed regions have struggled to find workers to fill positions, indicating the labor market could tighten further this as companies compete for workers.
Even as claims increased this week, the four-week moving average dropped by 3.5K down to 240K and barring big increases in weekly claims over the next two weeks, this reading should continue to drop as the next two weekly prints that will be falling off the count are 250K and 261K.
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