Posted on 04/17/2014 6:29:40 AM PDT by SeekAndFind
The number of people who applied for unemployment-insurance benefits ticked up by 2,000 to 304,000 in the week that ended April 12, a slight increase from the lowest level since 2007, signaling that employers are maintaining a slow pace of layoffs, according to government data released Thursday. Economists polled by MarketWatch had expected claims to total a seasonally adjusted 315,000 in the latest weekly data. The average of new claims over the past month dropped by 4,750 to 312,000, hitting the lowest level since October 2007, just two months before the recession began.
(Excerpt) Read more at msnbc.com ...
From ISI this morning:
Claims Make Slight Downside Breakout
History suggests that when unemployment claims make a downside breakout, the perception of the economy and Fed policy shifts. They made a slight downside breakout this week. And this is the week of the April employment survey.
re>No that’s incorrect. This chart if for initial (first time) claims.
I understand so when everyone is unemployed and out of the 52 weeks then it goes to ZERO?
No that is continuing claims. This is initial claims.
It remains incredible to me that still, over 300,000 people are losing jobs each week. I feel so badly for them and yet blessed for my situation!
Yep, pour me another gallon of the obama kool-aid this last glass hit my idiot spot just perfect so says PMSNBC.
The economy in my neck of the woods is and has been stagnant since 2008 with no signs of improvement. My father a small business man since 1958 says he has never seen it this bad since he opened the doors.
7 year low? We may be running short of people to add to the unemployment numbers.
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