Posted on 04/02/2015 7:26:39 AM PDT by SeekAndFind
WASHINGTON — The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting the labor market continues to expand at a solid clip even as economic growth has stalled.
Sustained labor market strength supports views that the sharp slowdown in activity is probably temporary. A host of factors ranging from bad weather to a strong dollar has sucked momentum from the economy in the first quarter.
Initial claims for state unemployment benefits dropped 20,000 to a seasonally adjusted 268,000 for the week ended March 28, the Labor Department said on Thursday.
That was the lowest level since January and confounded economists' expectations for a rise to 285,000.
The four-week moving average of claims, considered a better measure of labor market trends as it irons out week-to-week volatility, fell 14,750 to 285,500 last week.
The bullish labor market tone was also underscored by news that more people are coming off the unemployment benefits rolls.
(Excerpt) Read more at csmonitor.com ...
That raise at McD’s is paying off already in terms of economic growth!!!
Oh whoopee! Happy days are here again!
/johnny
Of course they don’t mention that a lot of jobs “created” were once full time positions which have now been cut in half to avoid obamacare.
The quality of jobs will once again become important once a repub gets in the white house.
Almost 300,000 new claims a week for a month equals 1,200,000 new claims from unemployed people.
New jobs for the month == 188,000.
By the math I learned in the 40’s & 50’s, that is a growth of unemployed of about 1 million people.....every month.
Anyone who trusts the ‘facts & figures’ coming out of Obama’s department of Labor should rethink their position.
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