Initial Jobless Claims were flat in the latest week, as 208,000 people filed for unemployment benefits for the first time. Continuing Claims also held steady, with 1.774 million people still receiving benefits after filing their initial claim.
What’s the bottom line? The low level of Initial Jobless Claims suggests that employers are still trying to keep their workers. Yet, Continuing Claims are still trending near some of the hottest levels we’ve seen in recent years, as challenges remain for job seekers searching for their next position.