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Puck
The Texan
Joined: 05 Jan 2004
Posts: 5596
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 Thu Nov 18, 2004 6:01 pm Jobless Claims Lower, Matching Forecasts |
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Jobless Claims Lower, Matching Forecasts
Thursday, November 18, 2004
WASHINGTON � The number of Americans filing first-time claims for unemployment benefits dipped to 334,000 last week, the government said on Thursday, matching economists' forecasts.
Initial claims for jobless aid fell 3,000 in the week ended Nov. 13 from a revised 337,000 the prior week, the Labor Department said. Wall Street (search) economists had expected 334,000 claims after the initially reported 333,000 for the week ended Nov. 6.
A department analyst said the federal government's closure in observance of the Veterans Day holiday during the week had no impact on the data.
The four-week moving average of new claims, considered a more reliable indicator because it smooths weekly volatility, rose to 338,250 from 337,250 in the previous week.
The number of unemployed who remained on the benefit rolls after claiming an initial week of aid fell 16,000 to 2.79 million in the week ended Nov. 6, the latest period for which data are available.
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Republican_Man
STV's Premier Conservative
Joined: 26 Mar 2004
Posts: 14823
Location: Classified
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| Thu Nov 18, 2004 7:01 pm |
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This is great news! More proof that the economy is improving.
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"Rights are only as good as the willingness of some to exercise responsibility for those rights- Fmr. Colorado Senate Pres. John Andrews
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