HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » First-Time Jobless Applic...

Thu Sep 27, 2012, 10:49 AM

First-Time Jobless Applications Plunge [View all]

Source: The Hill

First-time jobless claims fell sharply last week, a positive sign in the job market's slow recovery.

Those filing for unemployment benefits fell 26,000 to a u a seasonally adjusted 359,000, the best showing in more than two months, the Labor Department reported Thursday.

The four-week moving average, which is a better indicator of the job market's trend, also dropped, down 4,500 to to 374,000, after rising for six weeks.

The figure is finally back below the 375,000 economists argue reflects a healthier job market and a hiring pace by employers that is fast enough to bring down the unemployment rate, which now sits at 8.1 percent.

Read more: http://thehill.com/blogs/on-the-money/economy/258911-first-time-jobless-applications-plunge

2 replies, 1413 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 2 replies Author Time Post
Reply First-Time Jobless Applications Plunge [View all]
Purveyor Sep 2012 OP
bhikkhu Sep 2012 #1
JayhawkSD Sep 2012 #2