The Labor Department has just released its figure for weekly jobless claims. The figure came in at 505,000 in the last week, exactly in-line with the Bloomberg consensus data. This is also exactly the same as the revised figure from a week ago, which was revised from 502,000. The four-week moving average fell by a figure of 6,500 to 514,000, which is the lowest figure in roughly a year. The rest of the data is still less-bad, but far from good.
The largest number is the army of unemployed via the continuing jobless claims and that figure fell by 39,000 jobs on a revised basis to 5,611,000.
The good news is that these figures are no longer growing. The bad news is that these figures still have to get down closer to 400,000 for unemployment to not keep growing.
JON C. OGG
The Easy Way To Retire Early
You can retire early from the lottery, luck, or loving family member who leaves you a fortune.
But for the rest of us, there are dividends. While everyone chases big name dividend kings, they’re missing the real royalty: dividend legends.
It’s a rare class of overlooked income machines that you could buy and hold – forever.
Click here now to see two that could help you retire early, without any luck required.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
