This is very good news. The 576,000 new claims are much lower than expected. Investopedia argues that
Jobless Claims Definition - investopedia.com
and
- If initial jobless claims are down, the market will often rally upwards. If the initial jobless claims are up, the market may slump. The Initial Jobless Claims Report gets a lot of press due to its simplicity and the basic assumption that the healthier the job market, the healthier the economy.
Jobless Claims Definition - investopedia.com
and
- Unemployment Claims Likely Fell as Covid-19 Recovery Picked ...
www.wsj.com › articles › weekly-jobless-claims
12 hours ago · April 15, 2021 5:30 am ET ... Economists surveyed by The Wall Street Journal expect that the Labor Department will report that jobless claims, ... That would be down from a recent high of about ...