Weekly Unemployment Claims Fall Dramatically to 335K


The Unemployment Insurance Weekly Claims Report was released this morning for last week. The 335,000 new claims number was a 37,000 decrease from a 1,000 upward revision for the previous week. That is the lowest number of initial claims since January of 2008. The less volatile and closely watched four-week moving average, which is usually a better indicator of the recent trend, fell from 366,000 to 359,250. Here is the official statement from the Department of Labor:..MORE

Categories: Employment News

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