Jobless claims fall to 211,000 in late March to match 2019 low

The numbers: The number of people who applied for unemployment benefits in late March fell for the second week in a row to match the lowest level of 2019, a sign the sturdy labor market remains a source of strength for a U.S. economy struggling to gain traction.

The four-week average of new jobless claims, meanwhile, slipped by 3,250 to 217,250. The monthly average is viewed as more stable since it smoothens out the weekly gyrations. What happened: The number of Americans losing their jobs fell last year to the lowest levels since the late 1960s, when the working population was much smaller.Read: Why the markets aren’t buying Fed’s claims about the strength of the economy

Wall Street anxiously awaits the employment report for March, due next week, for more clues. A raft of evidence suggests the U.S. economy has weakened, but the labor market has been one of the bright spots. Market reaction: The Dow Jones Industrial Average DJIA, -0.13% and S&P 500 SPX, -0.46% were to set to open narrowly mixed in Thursday trades.

Or not........

Thank goodness for Obama....ha, ha, ha...

Thanks Trump!

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