Jobless Claims (Four-Week Moving Average) Fall for 19th Consecutive Week to a New 16-Month Low
WASHINGTON (MarketWatch) - "First-time jobless claims rose last week by the largest amount in five weeks, surprising economists who had expected a decline. Initial claims rose by 11,000 to 444,000 in the week ended Jan. 9, the Labor Department reported today. This is the highest level since mid-December.
Despite the increase, the trend in jobless claims is still positive. The average number of workers filing claims over the past four weeks fell by 9,000 to 440,750. This is the lowest since late August 2008, just prior to the near-collapse of the financial system. The four-week average is considered a better gauge of the labor market than the volatile weekly number."