Thursday, March 06, 2008

Initial Jobless Claims Fall for Second Week

WASHINGTON -- The number of U.S. workers filing new claims for unemployment benefits fell more sharply than expected last week, a rare sign of resilience in the labor market this year. The four-week average of new claims, which economists use to smooth out weekly volatility, fell by 1,500 to 359,500, the second-straight decline (see chart above).

However, claims for benefits lasting longer than one week rose to a fresh two-and-a-half-year high. The data suggest that while labor markets are clearly softening, there is no sign of the kind of collapse that would deepen the economic downturn.

2 Comments:

At 3/06/2008 11:50 PM, Anonymous Anonymous said...

Economic Outlook: Jobless claims fall, home foreclosures hit all-time high

 
At 3/07/2008 1:02 PM, Anonymous Anonymous said...

Employers Slash Jobs by Most in 5 Years 63,000 to be exact.

Unemployment is down to 4.8 percent as hundreds of thousands of people - perhaps discouraged by their prospects - left the civilian labor force. The jobless rate was 4.9 percent in January.

 

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