Posted on 10/02/2014 6:42:41 AM PDT by SeekAndFind
First-time claims for U.S. unemployment benefits unexpectedly decreased in the week ended September 27th, according to a report released by the Labor Department on Thursday.
The report said initial jobless claims fell to 287,000, a decrease of 8,000 from the previous week's revised level of 295,000.
The pullback came as a surprise to economists, who had expected jobless claims to climb to 297,000 from the 293,000 originally reported for the previous week.
The Labor Department said the less volatile four-week moving average also edged down to 294,750, a decrease of 4,250 from the previous week's revised average of 299,000.
With the decrease, the four-week moving average fell to its lowest level since hitting its post-recession low of 293,750 in the week ended August 2nd.
Continuing claims, a reading on the number of people receiving ongoing unemployment assistance, also fell to 2.398 million in the week ended September 20th from the preceding week's revised level of 2.443 million.
The Labor Department said the drop pulled continuing claims down to their lowest level since hitting 2.395 million in the week ended June 17, 2006.
The four-week moving average of continuing claims also fell to a nearly eight-year low of 2,441,250, a decrease of 20,000 from the previous week's revised average of 2,461,250.
(Excerpt) Read more at rttnews.com ...
Weekly jobless claims trending at 2006 levels
http://www.usatoday.com/story/money/business/2014/10/02/jobless-claims/16575981/
It's fun with Thursday jobs numbers once again...
Funny, the Dow Jones news service said the level was EXPECTED.
I’m expecting a great deal of improvements in employment for the next 5 weeks or so.
Then, back to the new normal. Dismal numbers.
What’s the participation rate?
Does anyone really believe government issued statistics?
I agree; I’m expecting that by the first week in November, the government will say that we have NO unemployment, that it is full employment, everyone has the job they wanted at high wages and that you fat, dumb and happy people should vote your appreciation for the Democrats.
Of course a few more hundreds of thousands have been moved to the permanent unemployment column.
Last at 93,000,000.
What’s next? 100,000,000?
RE: What’s the participation rate?
NOW, WE’RE TALKING !!!
Setting things up for sub 6 number by Election Day.
Come on everyone! Things are much better! You just don’t feel it!
Barry said so!
Expect to see some more amazing numbers just before the election. Is anyone really surprised by the timing of this sudden “downturn”?
Such good responses ... Does this rainbow have a beard?
I LOVE the details in that cartoon! LOL! How fitting!
That is a great image regardless of the topic in the balloons.
Look for tomorrow’s “employment” report to show 300,000+ “new jobs” and the UE rate dropping below 6.0.
They have to, facts be damned... there’s an electing looming.
I bet most of them have maxed out their benefits, and thus.... they are no longer counted.
doh! unexpected!
*drink*
I’ll take this opportunity to pimp my business:
I have bridges for sale all over the country, guaranteed satisfaction, most important I guarantee your privacy, no one will know you own them but me and you...tax free your, gonna love it.
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