The Oconomy is still booming!
Posted on 08/27/2015 6:35:24 AM PDT by SeekAndFind
First-time claims for U.S. unemployment benefits decreased modestly in the week ended August 22nd, according to a report released by the Labor Department on Thursday.
The report said initial jobless claims edged down to 271,000, a decrease of 6,000 from the previous week's unrevised level of 277,000. Economists had expected claims to dip to 270,000.
With the drop, jobless claims partly offset the modest increases seen over the past weeks, although they remain above the more than forty-year low of 255,000 set in the week ended July 18th.
Meanwhile, the Labor Department said the less volatile four-week moving average ticked up to 272,500, an increase of 1,000 from the previous week's unrevised average of 271,500.
Continuing claims, a reading on the number of people receiving ongoing unemployment assistance, also rose by 13,000 to 2.269 million in the week ended August 15th.
The four-week moving average of continuing claims still edged down to 2,265,250, a decrease of 250 from the previous week's revised average of 2,265,500.
Next Friday, the Labor Department is scheduled to release its more closely watched monthly employment report for August. The data could have a significant impact on the outlook for interest rates.
Just more people giving up looking for work.
Trust Barack. He’ll make those mean old numbers look better. :)
How’s that workforce participation percentage working out for everyone?
Yeah....riiiiiiiight....
The Oconomy is still booming!
More “good news” from the regime in the District of Corruption! Da conomy B boomin’!!! LOL!
If the information comes from a Washington source then you can be assured that 80% is BS and the rest are just plain lies. Our liar in chief needs good numbers for his “Legacy.”
102 million adults are Not employed... Less than 63 percent of adults are employed.
Then the revised figures will come out in a month or so and the jobless claims will have shown to have risen.
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