The U.S. labor market picture is improving, according to two reports released this week.
First is the U.S. Department of Labor Initial Claims report released on Thursday morning. These are claims filed by unemployed individuals with the Labor Department after losing their jobs to claim unemployment benefits. (See Insiders’ Hot Stocks on TipRanks)
Initial Jobless Claims declined to 326,000 in the week ending October 2 of 2021, from 364,000 in the previous week. That means more people are finding jobs.