dol.gov - 24 days ago
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836,629 FOOTNOTES SA - Seasonally Adjusted Data NSA - Not Seasonally Adjusted Data 1 - Prior year is comparable to most recent data. 2 - Most recent week used covered employment of 131,823,421 as denominator. 3 - EUC weekly claims include both first and second tier activity. UNADJUSTED INITIAL ...
economistsview.typepad.com - 28 days ago
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US productivity soars, jobless claims fall
FT Alphaville —
Initial jobless claims declined in the week ended Oct 31, falling by 20,000 to 512,000 according to figures released by the Labor Department on Thursday. The four-week moving average of initial claims showed a decrease to 523,750 compared with a previous reading of 526,750. Continuing claims for jobless benefits fell to 5.75m during the week ended October 24, in line with forecasts, and the lowest level since March. Still, the figures for those receiving extended payments under federal programs climbed. As Bloomberg ...
MORE JOB DESTRUCTION, BUT THAT'S JUST THE TIP OF THE ICEBERG
The Capital Spectator —
... a dire change for the worse in the current conditions. We don't foresee such a change and neither do most economists. The positive pull of a rising GDP, as implied by the robust 3.5% annualized growth in the economy in Q3, will act as a brake on further job loss in 2010. Indeed, the natural tendency of the economy to right itself after the recent contraction, along with the liquidity injections from the government, will soon stem the loss in nonfarm payrolls. Yesterday's fall in initial jobless claims suggests as much. New filings for unemployment benefits dropped to the lowest ...
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