Democratic Underground - U.S. 4-wk avg jobless claims lowest level since July

Reply #6: U.S. 4-wk avg jobless claims lowest level since July [View All]

UpInArms

(1000+ posts) Send PM | Profile | Ignore

Wed Nov-10-04 08:39 AM
Response to Reply #3

6. U.S. 4-wk avg jobless claims lowest level since July

http://cbs.marketwatch.com/news/newsfinder/pulseone.asp?dateid=38301.3544291319-826329172&siteID=mktw&scid=0&doctype=806&property=symb&value=&categories=&

WASHINGTON (CBS.MW) - The number of people filing for state unemployment insurance for the first time rose 2,000 to 333,000 last week, the Labor Department said Wednesday. The level of claims was slightly lower than expected. Economists were expecting about 337,000 claims, according to a survey conducted by CBS MarketWatch. The four-week moving average of new claims fell by 5,500 to 336,000 in the week ending Nov. 6. This is the lowest level since the week ended July 3. Economists put more weight on the four-week average as a guide to the strength of the labor market because it smoothes out one-time distortions, including hurricanes.

How did Wednesday get to be MaeveDay?

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Reply #6: U.S. 4-wk avg jobless claims lowest level since July [View All]