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Jobless Filings Fall 12,000; Continuing Claims Still High
The number of U.S. workers filing new claims for jobless aid fell 12,000 last week, Labor Department data showed on Thursday, while so-called continued claims rose to a fresh record as the recession battered employment.
AP
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Initial claims for state unemployment insurance benefits declined to a seasonally adjusted 631,000 in the week ended May 16 from a revised 643,000 the prior week, the Labor Department said. New claims have declined in three of the last four weeks.
Analysts polled by Reuters had forecast 630,000 new claims versus a previously reported count of 637,000 the week before.
http://www.cnbc.com/id/30863337
AP
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Initial claims for state unemployment insurance benefits declined to a seasonally adjusted 631,000 in the week ended May 16 from a revised 643,000 the prior week, the Labor Department said. New claims have declined in three of the last four weeks.
Analysts polled by Reuters had forecast 630,000 new claims versus a previously reported count of 637,000 the week before.
http://www.cnbc.com/id/30863337
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Replies to This Discussion
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Permalink Reply by Stocks To Buy on -
I would have thought this figure would have dropped more....this number is way to high and if it doesn't go down in the next few months we could have some real problems later in the year.
I know jobs data is a lagging indictor in a recession but this is way to high
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Permalink Reply by Tariq Merchant on -
I agree, i really thought it will be down and give a little boost today. Market futures all down due to the news...
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