Posted 1/11/2024, 1:37:00 PM
Jobless Claims Hit Lowest Level Since October as Labor Market Stays Strong
- Jobless claims dropped to 202,000 last week, the lowest level since mid-October
- This was a slight 1,000 claim decrease from the previous week's 203,000
- The number of people already collecting benefits fell by 34,000 to 1.83 million, the lowest since October
- The labor market remains healthy, keeping consumers spending and supporting economic growth
- Stocks opened higher on Thursday while the 10-year Treasury yield rose to 4.04%