The number of US citizen filing for unemployment benefits fell last week to the lowes figure recorded in 7 months. They printed at 390.000 (in seasonally adjusted data), down 10.000 from last week's figure. There were 398.753 initial claimants under state programs, without any adjustments, in the week ending with November 5, an increase of 29,106 from previous week. According to the Bureau of Labor Statistics the official number of unemployed citizen is still at 13.9 million, adding up to an unemployment rate of 9.0%. There is simply not enough job creation and not in the right sectors.
Showing posts with label Continuous Jobless Claims. Show all posts
Showing posts with label Continuous Jobless Claims. Show all posts
Thursday, 10 November 2011
Gold "beware": Better than expected initial jobless claims at 390.000
Labels:
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unemployment benefits,
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Thursday, 13 October 2011
Are the Initial Jobless Claims "better than expected" ?
Today's initial jobless claims printed at 404k, "way better" than the estimate of 405k. That means the economy is going to get better and banks will start crediting again. Is that so?
Let's take a closer look on how the Department of Labor arrives at this particular figure:
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