Skip to comments.Jobless claims drop exceeds expectations
Posted on 02/14/2013 6:19:25 AM PST by John W
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to a continued steady improvement in labor market conditions.
Initial claims for state unemployment benefits dropped 27,000 to a seasonally adjusted 341,000, the Labor Department said on Thursday. The prior week's claims figure was revised to show 2,000 more applications received than previously reported.
Economists polled by Reuters had expected claims to fall to 360,000.
A Labor Department analyst said claims for Illinois and snowstorm-hit Connecticut had been estimated. Nevertheless, because most claims are filed online, the blizzard that slammed the East Coast appeared to have little effect on the broader claims data, he said.
(Excerpt) Read more at chicagotribune.com ...
Growing up, I always wondered what it was like living in Russia....starting to get the picture now.
Yes you’ve identified correctly that the “29ers” trend is actually beneficial for the employment stats.
Terms not seen in the MSM since Jan 2009:
“Recovery for Wall $treet but not Main Street”
Proof that more and more Americans have given up hope of ever finding a job again in this joint.
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