The numbers: Initial jobless claims inched down by 1,000 to 202,000 in the week ended Jan. 6, the Labor Department said Thursday. This is the lowest level since mid-October. Economists polled by The Wall Street Journal had estimated new claims would rise to 210,000.
Last week claims fell a revised 17,000 to 203,000. That compared with the initial estimate of a drop of 18,000 to 202,000. Key details: The number of people already collecting jobless benefits in the week ended Dec. 30 fell by 34,000 to 1.83 million. This is the lowest level since October. Big picture: The labor market remains healthy. That keeps consumers spending and supports economic growth, albeit at a slower pace than last fall. Market reaction: Stocks
DJIA
SPX
were set to open lower on Thursday while the yield on the 10-year Treasury note
BX:TMUBMUSD10Y
rose to 4.04%.
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Last week claims fell a revised 17,000 to 203,000. That compared with the initial estimate of a drop of 18,000 to 202,000. Key details: The number of people already collecting jobless benefits in the week ended Dec. 30 fell by 34,000 to 1.83 million. This is the lowest level since October. Big picture: The labor market remains healthy. That keeps consumers spending and supports economic growth, albeit at a slower pace than last fall. Market reaction: Stocks
DJIA
SPX
were set to open lower on Thursday while the yield on the 10-year Treasury note
BX:TMUBMUSD10Y
rose to 4.04%.
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