Sep 12, 2013
Unemployment claims fell last week — but there’s a catch
The trend is in the right direction, but the statistic won't dominate in the markets.
by Diane Swonk
Unemployment benefits fell very sharply last week. Normally, that would be a useful sign about an improving labor market. But there’s a big caveat here. Two states didn’t report because of computer glitches. Diane Swonk, chief economist at Mesirow Financial, joins Marketplace Morning Report host David Brancaccio to discuss.
Click the audio player above to hear more.