Thursday, November 19, 2009

Jobless Claims (Four-Wk. Avg.) Drop for 11th Straight Week to 514,000, Lowest Level in A Year

Weekly jobless claims fell for the 11th straight week to 514,000 (four-week moving average), reaching the lowest level in a year (since November 15, 2008), according to today's report from the Department of Labor (see chart above).


At 11/19/2009 11:52 AM, Blogger James Fraasch said...

How much of that decrease is from people who have run out of benefits? Without that number this is meaningless.

At 11/19/2009 12:20 PM, Blogger Bill said...

As a sustained decrease in jobless claims is a hallmark of every economic recovery, I hardly think that this "number is meaningless".

At 11/19/2009 1:52 PM, Blogger OA said...

Barely over 1/2 million jobs lost. Tell me people would have been ok with that 2 years ago. After the easy cuts, at some point you run out of people to fire.

At 11/19/2009 2:36 PM, Blogger Bill said...

It is not an ideal situation but this is not net job losses either. These job losses may be offset in part by new hires. I agree that the Obama administration is totally inept and is actively pursuing policies which discourage businesses from hiring and impede economic growth. I am simply saying that things appear to be a little less worse than before based on these numbers.

At 11/19/2009 3:39 PM, Anonymous Bevan Sabo said...

But does this take into account decreases in pay (or at least a lack of increases), moves to part-time jobs, compensation for loss of private jobs by new public jobs, discouraged workers, etc.?

At 11/20/2009 3:19 PM, Blogger James said...

But unemployment is still rising. Hmmmmm.


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