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News Brief

First-time jobless claims dropped 16,000 to 339,000
 
Slight increase in claims for unemployment eases fears of reversal in labor market conditions
 
This is the first drop in initial jobless claims in three weeks, but how are Easter and Spring break impacting data?
 
Student loans drives biggest increase in consumer credit in six months
 
First-time jobless claims, an indicator of job layoffs, reaches 385,000
 
This is the first time first-time jobless claims, an indication of layoffs, have risen above 350,000 since mid-February.
 
Four-week moving average points to improving jobs market
 
Jobless claims drop for the third consecutive week indicating job market is gaining steam
 
Easing of layoffs indicates further improvement in the labor market