Skip to navigationSkip to content

US jobs picture gets still rosier

Wow. The US jobs picture continues to look bright. The latest reading—out  at 8:30 a.m. EST—showed weekly jobless claims falling unexpectedly by 10,000 to 332,000.

What’s more, the smoothed-out, four-week moving average dropped to 346,750, the lowest since March 2008. That’s not long after the Great Recession began in December 2007.

The better-than-expected news on the US jobs front seemed to shore up sentiment in the stock market, where the S&P 500 has yet to notch a new all-time high. (Something the Dow did last week.) Today might be the day.

Subscribe to the Daily Brief, our morning email with news and insights you need to understand our changing world.

By providing your email, you agree to the Quartz Privacy Policy.