WKYT | Lexington, Kentucky | News

Stocks open higher as unemployment claims fall

NEW YORK (AP) - Stocks jumped in early trading, after a government report showed that the number of people filing for unemployment benefits dropped unexpectedly last week.
Before the market opened Thursday, the Labor Department said first-time claims for unemployment benefits fell to 368,000. That's the lowest level since May 2008. Economists had expected claims to rise.
Applications below 425,000 tend to signal modest job growth. But they would need to dip consistently to 375,000 or below to indicate a significant decline in the unemployment rate. Applications for benefits peaked during the recession at 651,000.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus


2851 Winchester Rd. Lexington, Ky 40509 859-299-0411 - switchboard 859-299-2727 - newsroom
Register for Email
RSS Feeds
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 117315868 - wkyt.com/a?a=117315868
Gray Television, Inc.