Bringing The World Home To You

© 2022 WUNC North Carolina Public Radio
120 Friday Center Dr
Chapel Hill, NC 27517
919.445.9150 | 800.962.9862
91.5 Chapel Hill 88.9 Manteo 90.9 Rocky Mount 91.1 Welcome 91.9 Fayetteville 90.5 Buxton 94.1 Lumberton 99.9 Southern Pines
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
NPR Blogs

Weekly Jobless Claims Fall To Lowest Level In Months

The number of first-time claims for unemployment insurance dropped by 24,000 last week, the Employment and Training Administration says. At 334,000, the number is at a 10-week low.

The Associated Press reports that the drop may be due to seasonal factors. The wire service adds:

"Still, the broader trend has been favorable. The four-week average, which smooths out fluctuations, fell 5,250 to 346,000.

"'We believe labor market conditions remain on a gradually improving trajectory,' said Laura Rosner, an economist at BNP Paribas."

The Wall Street Journal says the news — plus good news on some quarterly earning reports — sent the stock markets soaring:

"The Dow Jones Industrial Average rose 108 points, or 0.7%, to 15579 in late-morning trade. The Standard & Poor's 500-stock index tacked on 11 points, or 0.7%, to 1692. The Nasdaq Composite Index climbed 13 points, or 0.4%, to 3623. The Dow industrials and S&P 500 hit fresh intraday record highs."

Copyright 2021 NPR. To see more, visit https://www.npr.org.

More Stories