Author Topic: US jobless claims fall for third week in row  (Read 468 times)

0 Members and 1 Guest are viewing this topic.

Online mystery-ak

  • Owner
  • Administrator
  • Hero Member
  • ******
  • Posts: 257,262
US jobless claims fall for third week in row
« on: March 14, 2013, 09:36:28 AM »
http://www.breitbart.com/system/wire/CNG---f7e56cb98987a6e6646d531108ff921f---4d1

 AFP 3/14/2013 1:14:10 PM

New claims for US unemployment benefits fell last week for the third week in a row, signaling continuing improvement in the troubled jobs market, Labor Department data released Thursday showed.

Jobless claims, an indicator of the pace of layoffs across the country, totaled 332,000 in the week ending March 9, a drop of 10,000 from the prior week's revised number, the department said.

Last week's reading was the lowest since January 19, when jobless claims hit a five-year low.

The decline surprised analysts who on average expected claims to rise to 350,000.

It pulled the four-week moving average of claims to 346,750, a drop of 2,750 from the previous week's revised average.

The jobs market has been showing slow signs of improvement recently. In February, job growth accelerated and the unemployment rate dipped two-tenths a percentage point to 7.7 percent, its weakest level since December 2008.

Support the USO

Offline alicewonders

  • Hero Member
  • ****
  • Posts: 13,057
  • Live life-it's too short to butt heads w buttheads
Re: US jobless claims fall for third week in row
« Reply #1 on: March 14, 2013, 09:51:38 AM »
"The decline surprised analysts who on average expected claims to rise to 350,000."

Unexpected.

Either these analysts are complete idiots, because they are ALWAYS surprised by the numbers - OR - the analysts expectations are correct, but the numbers are being adjusted for more positive reporting.

I tend to think the latter.
Don't tread on me.   8888madkitty

We told you Trump would win - bigly!


Share me

Digg  Facebook  SlashDot  Delicious  Technorati  Twitter  Google  Yahoo
Smf