Posted on 01/22/2015 6:24:31 AM PST by SeekAndFind
The number of people who filed for unemployment assistance in the U.S. last week fell less than expected, dampening optimism over the strength of the labor market, official data showed on Thursday.
In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending January 17 decreased by 10,000 to a seasonally adjusted 307,000 from the previous week’s total of 317,000.
Analysts had expected initial jobless claims to decline by 17,000 to 300,000 last week.
Continuing jobless claims in the week ended January 10 rose to 2.443 million from 2.428 million in the preceding week. Analysts had expected continuing claims to decline to 2.410 million.
The four-week moving average was 306,500, an increase of 6,550 from the previous week’s total of 300,000. The monthly average is seen as a more accurate gauge of labor trends because it reduces volatility in the week-to-week data.
(Excerpt) Read more at investing.com ...
Babs and Judy sing it best! (Happy Days Are Here Again/C’mon Get Happy)
https://www.youtube.com/watch?v=Hf53oFb4IKA
Benefits ran out...
Just wait till the effects of the oil price bust starts to show up. Hopefully, those workers in the oil patch have saved their money because the lean years have come.
Somehow the “recovery” never seems to last longer than a single news cycle.
So another 10,000 gave up. Yay, get them off the rolls.
I suspected the late 2014 economic news was more bark than bite.
This reporter will be thrashed, where's the sentence about the four-week average proving that the unicorns are about to arrive on your rainbow?
Got to get one of those government calculator’s and give it to my banker.
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