Thursday, June 11, 2009

Jobless Claims Fall To Lowest Level in 4 Months

June 11 (Bloomberg) -- Fewer Americans filed claims for unemployment benefits last week, indicating the deepest job cuts may be subsiding even as companies hold off on hiring.
Initial jobless claims fell by 24,000 to 601,000 in the week ended June 6, fewer than forecast and the lowest level since January, from a revised 625,000 the prior week,
Labor Department figures showed today in Washington. The four-week moving average of initial claims, a less volatile measure, fell to 621,750 from 632,250 (see chart above).

MP: The 4-week moving average of 621,750 is the lowest level since February 14 (see red line above), almost four months ago, and the moving average has dropped in 7 out of the last 9 weeks.

5 Comments:

At 6/11/2009 9:26 AM, Blogger Bill said...

Your commentary here isn't intellectually honest.

*INITIAL* Jobless claims fell.

Jobless levels rose for the 19th straight week to an all time *RECORD HIGH* of 6.82M.

 
At 6/11/2009 10:07 AM, Anonymous Anonymous said...

Bill,

Gotta read the article, man!

"Initial jobless claims fell by 24,000 to 601,000 in the week ended June 6, fewer than forecast and the lowest level since January, from a revised 625,000 the prior week, Labor Department figures showed today in Washington."

 
At 6/11/2009 10:45 AM, Blogger Robert Miller said...

This comment has been removed by the author.

 
At 6/11/2009 11:05 AM, Anonymous Cheech (in) Marin said...

Reality is a real bummer:

Beige Book summary

I guess the Federal Reserve district banks aren't so rosy when you don't cherry pick their reports.

doesn't by your story

Rob, has your spelling degraded or is that tiny Palm Pre keyboard giving your trouble. You should've bought the iPhone my friend.

 
At 6/11/2009 11:14 AM, Blogger Robert Miller said...

This comment has been removed by the author.

 

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