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Unemployment claims fell last week -- but there's a catch

Unemployed Americans line up to speak with a prospective employers.

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. 

About the author

Diane Swonk is chief economist with Mesirow Financial, based in Chicago.

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