The number of Americans who applied for unemployment benefits at the end of January fell close to a postrecession low, signaling the U.S. labor market is still rock solid despite stiffer economic headwinds.And, Gallup, New High of 90% of Americans Satisfied With Personal Life
Initial jobless claims declined by 15,000 to 202,000 in the seven days ended Feb. 1, the government said Thursday. The figures are seasonally adjusted.
Economists polled by MarketWatch had forecast a 215,000 reading.
The more stable monthly average of jobless claims, which filters out the weekly ups and downs, dropped by 3,000 to 211,750.
New unemployment applications are seen as a rough measure of how many people are losing their jobs. They touched a 50-year low of 193,000 in April 2019 and have hovered in the low 200,000s since then.
Nine in 10 Americans are satisfied with the way things are going in their personal life, a new high in Gallup's four-decade trend. The latest figure bests the previous high of 88% recorded in 2003.