Thursday, December 02, 2010

Weekly Jobless Claims Fall to 27-Month Low

The Department of Labor reported today that the four-week average of initial unemployment claims fell to 431,000 for the week ending November 27, which is the lowest level since the first week of August 2008, more than two years ago (see chart above).  The number of workers continuing to receive jobless benefits fell to 4,288,500 last week on a four-week average basis, the lowest level since early December 2008.

3 Comments:

At 12/02/2010 9:19 AM, Blogger morganovich said...

The number of U.S. workers filing new applications for unemployment benefits rose 26,000 in the holiday-shortened Thanksgiving week to 436,000

the number of people who continued to receive benefits under state unemployment programs increased 53,000 to a seasonally adjusted 4.27 million

Altogether, 8.91 million people received some kind of state or federal benefits in the week ended Nov. 13, up 377,000 from the prior week.

The Conference Board reported December 1st that new online help-wanted advertising fell by 2.6% in November versus October, where October had gained 2.3% from September. The November reading was the weakest in five months. Total ads (includes those still running from prior months) were up by 1.1% in November, following a 2.6% gain in October. The new ads number is the more meaningful one. Newspaper help-wanted advertising in October continued to hold at 10, one point off its historic low of 9.

 
At 12/03/2010 5:11 AM, Blogger juandos said...

Well golly! Its seems like every week the labor stats need a revision with this particular administration...

What's going on there?

Joblessness rose unexpectedly. Again

 
At 12/03/2010 2:47 PM, Blogger juandos said...

From the WSJ: Weak Jobs Data Dash Hopes of Accelerating Recovery

Obviously (as it has always been) whatever the government has to say needs to be checked out thoroughly...

 

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