Market Updates
Weekly Jobless Claims Fall to 184,000
Brian Turner
21 Apr, 2022
New York City
Initial jobless claims declined to 184,000 for the week ending April 16. the prior week's claims were revised higher up 1,000 to 186,000
Continued claims for the week ending April 2 were 1.62 million, a decline of 88,031 from the previous week and sharp fall from 17.4 million claims a year ago.
Unemployment rate has declined to 3.6% from the record high 13.6% in the second quarter of 2020 but there are still 408,000 fewer people in the labor force and the labor participation rate is still 1% lower than the pre-pandemic rate.
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