Is the Job Market Finally Perking Up?

The warm spring weather seems to be breathing a little life back into the economy.
More

As the first cherry blossoms bloom, early indications are that the U.S. economy is roaring out of its weather-induced winter doldrums.

U.S. weekly applications for unemployment insurance—one of the best real-time gauges of the economy—fell to their lowest level since 2007 last week, hitting 300,000.

There are reasons to temper enthusiasm about the U.S. jobless claims data. For one, springtime jobless claims can be tricky to read because of seasonal adjustment issues. (Some think the late Easter holiday this year might make the numbers look better than they really are.)

But other readings recently also seem to show that the U.S. job market is in more solid shape. People are coming back into the labor force, which could indicate that they’re sensing a pickup in the pace of job creation.

And while the data lags a bit, a key gauge of U.S. job openings hit a post-crisis high in February.

 

Jump to comments
Presented by

Matt Phillips is a reporter at Quartz, where he writes about finance, markets, and economics.

Get Today's Top Stories in Your Inbox (preview)

Social Security: The Greatest Government Policy of All Time?

It's the most effective anti-poverty program in U.S. history. So why do some people hate it?


Elsewhere on the web

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus

Video

Adventures in Legal Weed

Colorado is now well into its first year as the first state to legalize recreational marijuana. How's it going? James Hamblin visits Aspen.

Video

What Makes a Story Great?

The storytellers behind House of CardsandThis American Life reflect on the creative process.

Video

Tracing Sriracha's Origin to Thailand

Ever wonder how the wildly popular hot sauce got its name? It all started in Si Racha.

Video

Where Confiscated Wildlife Ends Up

A government facility outside of Denver houses more than a million products of the illegal wildlife trade, from tigers and bears to bald eagles.

Video

Is Wine Healthy?

James Hamblin prepares to impress his date with knowledge about the health benefits of wine.

Video

The World's Largest Balloon Festival

Nine days, more than 700 balloons, and a whole lot of hot air

Writers

Up
Down

More in Business

Just In