Initial filings for jobless benefits fall by 20,000 to 512,000 in latest week, less than forecast.
NEW YORK (CNNMoney.com) -- The number of Americans filing for initial unemployment insurance fell last week, the government said Thursday, with a total figure that was below analysts' expectations.
There were 512,000 initial job claims filed in the week ended Oct. 31, down 20,000 from a revised 532,000 the previous week, the Labor Department said in a weekly report.
A consensus estimate of economists surveyed by Briefing.com expected 522,000 new claims.
The 4-week moving average of initial claims was 523,750, down 3,000 from the previous week's revised average of 526,750.
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What a relief only 500,000+ more unemployed. Tongue in cheek!
ReplyDeleteccs714 you know what sucks about the whole thing is every time they brag about how the numbers are going down for people continuing to claim its because they ran out of week to claim. I wish they would take that into consideration but they won't because it looks like the economy is improving. Bull hockey!!!
ReplyDeleteThats because when you run out, you're no longer counted against unemployment.
ReplyDelete