Initial Jobless Claims Drop

Published by: Dave Simmons on 10th Mar 2011 | View all blogs by Dave Simmons
Initial Jobless Claims Drop

The number of Americans filing initial unemployment claims climbed higher than expected last week, according to numbers released from the Labor Department on Thursday.  The agency reported a seasonally adjusted number of claims as 397,000 for the week ended March 5th, up 26,000 from an upwardly revised total of 371,000 for the week prior.  Economists in a recent Briefing.com poll had forecast an average of 382,000 for the week.

The number of continuing claims, meanwhile, was also slightly higher than projected at 3.77 million for the week ended February 26th, the latest data available for continuing claims.  The number was down, however, from the previous week's revised total of 3.79 million.  Economists had forecast continuing claims would come in at 3.75 million.

The Labor Department's four-week moving average of claims, a gauge designed to smooth out seasonal volatility, came in at 392,250, up 3,000 from the revised figure for the week prior.  The four-week moving average for continuing claims fell 34,750 to 3.83 million.

Comments

0 Comments

     
Please login or sign up to post on this network.
Click here to sign up now.

Latest DT's

  • View DT's
    Here's a great bio that Full in Bloom did for the band Possessedhttp://fullinbloommusic.com/biography-possessed.html View DT's
    3 years ago by Geno
  • View DT's
    Rated: PG-13 In Theaters: January 24th Director: Stuart Beattie Starring: Aaron Eckhart, Bill Nighy, Yvonne ... View DT's
    3 years ago by dallaseste
  • View DT's
    Rated: PG-13 In Theaters: January 10th Director: Renny Harlin Starring: Kellan Lutz, Gaia Weiss, Scott Adkins View DT's
    3 years ago by dallaseste
  • View DT's
    Rated: R In Theaters: December 4th Director: Scott Cooper Starring: Christian Bale, Casey Affleck, Zoe Saldana, Sam ... View DT's
    3 years ago by dallaseste
  • View DT's
    Rated: PG-13 In Theaters: December 13th Director: Peter Jackson Starring: Ian McKellen, Martin Freeman, Richard ... View DT's
    3 years ago by dallaseste
  • View DT's
    Rated: R In Theaters: January 3rd Director: Gregory Plotkin Starring: Andrew Jacobs, Jorge Diaz, Gabrielle Walsh View DT's
    3 years ago by dallaseste
  • View DT's
    Rated: TBD In Theaters: February 7th Director: George Clooney Starring: George Clooney, Matt Damon, Bill Murray, Cate ... View DT's
    3 years ago by dallaseste
  • View DT's
    Rated: PG-13 In Theaters: January 17th Director: Tim Story Starring: Ice Cube, Kevin Hart, John Leguizamo, Bruce ... View DT's
    3 years ago by dallaseste
  • View DT's
    Rated: R In Theaters: January 17th Directors: Matt Bettinelli-Olpin, Tyler Gillett Starring: Allison Miller, Zach ... View DT's
    3 years ago by dallaseste

Top Authors

Subscribe