U.S. jobless claims fall 9,000 to 221,000 as layoffs show no sign of rising

The numbers: The number of laid-off workers who applied for unemployment benefits declined in mid-March to a one-month low, suggesting little deterioration in a robust labor market that’s powered the economy over the past several years.

What happened: Jobless claims sank below the key threshold of 300,000 in 2015 and have stayed low ever since, but they are no longer falling. Claims are viewed as a sort of modern canary in the coal mine. They tend to give the earliest clues of whether the economy is getting better or worse. So long as most Americans are working, earning paychecks and spending the economy should be OK, economists say.

TRUMPONOMICS 🇺🇸 More winning compliments of realDonaldTrump 😎

Entertainment Entertainment Latest News, Entertainment Entertainment Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

All the world a stage: Rising U.S. oil clout on show in HoustonA glance at the attendee list at one of the world's largest energy industry... Houston was a victim of global warming going under water from a fierce hurricane and yet the oil huxters continue.
Source: Reuters - 🏆 2. / 97 Read more »