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27 April 2017
More Americans filed for unemployment benefits last week, but
applications remained at a low level that suggests most workers enjoy job
security. The Total Investment &
Insurance Solutions
THE NUMBERS: The Labor Department says weekly
jobless claims rose by 14,000 to 257,000, the highest level in almost a month.
The less volatile four-week average slipped by 500 to 242,250, lowest since
late February. The Total Investment
& Insurance Solutions
Overall, 1.99 million Americans are
collecting unemployment benefits, down more than 7 percent from a year ago. The Total Investment & Insurance
Solutions
THE TAKEAWAY: Jobless claims are a proxy for
layoffs. They have come in below 300,000 for 112 straight weeks, the longest
streak since 1970. The numbers suggest that most American workers are secure in
their jobs. The Total Investment &
Insurance Solutions
KEY DRIVERS: The U.S. economy is healthy, if
not booming. Employers are adding a healthy 175,000 jobs a month so far this
year and are confident enough to be holding on to their workers. The U.S.
unemployment rate fell last month to 4.5 percent, lowest in nearly a decade
"The behavior of claims suggests there
is room for the unemployment rate to decline further," Raymond Stone,
co-founder of Stone & McCarthy Research Associates, wrote in a research
report.
Economists believe the economy grew slowly —
at an annual pace of 1 percent or lower — from January through March. The
Commerce Department releases the first-quarter numbers on Friday. But
forecasters expect growth to pick up in the spring. Employers are optimistic
about future sales and are posting job openings.The Total Investment & Insurance Solutions
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