Initial Jobless Claims | G.O.O.D

Posts Tagged “Initial Jobless Claims” Dec 04 2008 Americans who have been laid off from their jobs are finding it harder to get work again. Posted by: Joshuah in Economics, tags: Initial Jobless Claims, jobless claims, Labor Department, state unemployment benefits, Unemployment Claims Source: MarketWatch The number of workers filing for state unemployment benefits fell by 21,000 to a seasonally adjusted 509,000 for the week ending Nov. 29, the Labor Department reported Thursday. It’s the lowest number of initial jobless claims since the week ended Nov. 1. Claims have dropped for two straight weeks after hitting a sixteen year high of 543,000. The four-week moving average of new claims - which smoothes out distortions caused by one-time events such as holidays and weather - rose by 6,250 to 524,500, the highest in sixteen years. This is an indication that jobs are becoming harder to find. Also on the darker side of the data, the number of people continuing to collect unemployment benefits rose by 89,000 in the week ending Nov. 22 to a seasonally adjusted 4.09 million, also the most in sixteen years. The four-week average of continuing claims rose to 4.0 million, the most since 1983. The message here is that Americans who have been laid off from their jobs are finding it harder to get work again. Full Story Technorati Tags: unemployment, jobless claims No Comments »
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Creative Commons Attribution 3.0 United States

Creative Commons Attribution 3.0 United States