Jobless claims fall to fresh pandemic low
Job openings sit at record 8.12 million
The biggest takeaways from the April jobs report
First Trust Advisors chief economist Brian Wesbury, Kingsview Wealth Management CIO Scott Martin and Veritas Financial managing partner Greg Branch weigh in on the latest jobs report and today’s markets.
The number of Americans filing for first-time unemployment benefits fell to a fresh pandemic low of 473,000 following last week's 498,000.
The number of people who are continuing to receive unemployment benefits ticked modestly higher to 3.66 million vs 3.65 million the prior week.
Still, many workers remain on the sidelines, continuing to reap the benefits of the ongoing stimulus payments on pace to continue through September for many.
JOB OPENINGS SIT A RECORD 8.1MILLION
There are a record 8.1 million job openings in the U.S. according to the Labor Department's Job Openings and Labor Turnover Survey (JOLTS).
USED CAR AND TRUCK PRICES SOAR THANKS TO STIMULUS BUYING
Companies are ramping up benefits, perks and pay to lure people back to work. On Thursday, McDonald's announced it will raise hourly pay for its 36,500 workers by an average of 10%.