<strong>Mack’s Prairie Wings has partnered with Bass Pro Shops</strong>

The Labor Department reported that <strong>initial jobless claims </strong>pulled back for the week ending May 11th after the prior week’s surge. Claims in New York dropped after jumping the previous week, likely due to New York City public schools being on spring break. Some workers such as bus drivers are allowed to apply for benefits during school breaks, which tend to make weekly data volatile. First time claims in regular state programs recorded 222,000 for the week ending May 11th after the prior week’s report of 232,000. The four-week moving average climbed to 217,750 from 215,250 the prior week. Continuing claims, which include people who have received unemployment benefits for a week or more, gained 13,000 to 1,794,000 for the week ending May 4th. The insured unemployment rate, the number of people currently receiving unemployment insurance as a percentage of the labor force, remained at 1.2%.

$31,800,000 | 05/29/2024

<strong>The Olive Group closed on two new Senior Secured Revolving </strong>

“Obviously, the market is still overcapacity, rates are still under pressure,” said Daniel Imbro, a managing director at Stephens.

The Labor Department reported that <strong>initial jobless claims</strong> surged last week to its highest level since August 25th. Claims had been locked in a very tight range for the last few weeks and were bound to break at some point. More than half of the advance was due to a jump in claims in New York. First time claims in regular state programs recorded 231,000 for the week ending May 4th after the prior week’s report of 209,000. The four-week moving average climbed to 215,000 from 210,250 the prior week. Continuing claims, which include people who have received unemployment benefits for a week or more, gained 17,000 to 1,785,000 for the week ending April 27th. The insured unemployment rate, the number of people currently receiving unemployment insurance as a percentage of the labor force, remained at 1.2%.