Friday, January 8, 2010

US Jobless Claims Edge Higher

The number of people filing for first-time unemployment help edged up last week, but the figure remained near its lowest level in more than a year and came in better than economists had expected.

The US Labor Department revealed Thursday that initial jobless claims came in at 434,000 for the week ended on January 2. This was up 1,000 from the previous week’s revised total of 433,000.

Economists had expected initial claims to edge up to around 435,000.

The 4-week moving average for initial claims, a statistic that flattens out week-to-week fluctuations in the data, dropped 10,250 to 450,250. This suggests that the overall trend for initial claims remains a move lower.

Continuing claims, a statistic that measures the number of people receiving ongoing unemployment help, dropped 179,000 to 4.802 million. This marked the lowest total since late January of 2009.

Attention is now focused on Friday’s monthly employment statistics.

The report, considered by many to be the most important set of economic statistics, is scheduled to be released at 8:30 am Eastern Time.

 

Mots clés Technorati : American Economy,Employment,fvtaiwan

[Via http://financeroom.wordpress.com]

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