Some thought they found it this morning when data came out showing that new claims for unemployment benefits suddenly plummeted last week to the lowest level since May 2007. Last year, for example, initial claims spiked during this same week as schools in many states observed spring break around Passover and Easter. The four-week moving average, which smooths out some of the volatility, was 316,250 last week -- a level consistent with the number of weekly claims filed back in 2007, before the recession began. Roughly 300,000 people filed for their first week of unemployment benefits last week, the Department of Labor reported Thursday morning.
Sunday, April 13, 2014
Jobless Claims at lowest since 2007 but
source: http://money.cnn.com/2014/04/10/news/economy/jobless-claims/index.html?iid=SF_BN_River
Some thought they found it this morning when data came out showing that new claims for unemployment benefits suddenly plummeted last week to the lowest level since May 2007. Last year, for example, initial claims spiked during this same week as schools in many states observed spring break around Passover and Easter. The four-week moving average, which smooths out some of the volatility, was 316,250 last week -- a level consistent with the number of weekly claims filed back in 2007, before the recession began. Roughly 300,000 people filed for their first week of unemployment benefits last week, the Department of Labor reported Thursday morning.
Some thought they found it this morning when data came out showing that new claims for unemployment benefits suddenly plummeted last week to the lowest level since May 2007. Last year, for example, initial claims spiked during this same week as schools in many states observed spring break around Passover and Easter. The four-week moving average, which smooths out some of the volatility, was 316,250 last week -- a level consistent with the number of weekly claims filed back in 2007, before the recession began. Roughly 300,000 people filed for their first week of unemployment benefits last week, the Department of Labor reported Thursday morning.
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