rssWeekly Jobless Claims Remain High
Thursday, October 14, 2010 at 9:31 am
- 8 Comments
This morning, the Department of Labor announced that initial unemployment insurance claims rose to 462,000, an increase of 13,000 from last week’s 449,000, itself revised up from 445,000. The four-week moving average, which smooths out the jumpy weekly data, rose to 459,000.
Weekly claims need to fall at least 60,000 or 70,000 per week — into the 300,000s — to bring down the overall unemployment rate. But they have remain stuck around the 450,000 level for nearly eleven months, even though the recession is technically over and the economy is recovering, if slowly. Thus, the unemployment rate has hovered above 9.5 percent for 17 months.
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8 Comments
Pingback posted October 14, 2010 @ 9:41 am
[...] Weekly Jobless Claims Remain High « The Washington Independent [...]
Pingback posted October 14, 2010 @ 9:53 am
[...] Weekly Jobless Claims Remain High « The Washington Independent [...]
Pingback posted October 14, 2010 @ 10:35 am
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Pingback posted October 14, 2010 @ 2:45 pm
[...] Weekly Jobless Claims Remain High « The Washington Independent [...]
Comment posted October 14, 2010 @ 6:30 pm
Sadly I think the claims are going to remain high well into next year. It's pushing the uncertainty levels higher along with the mortgage fiasco adds to the markets.
From here on out things look even more dicey.
Comment posted October 15, 2010 @ 8:08 am
How can we resolve it its a big issue for a jobless person for earn money for its living .Thanks for share this info graph also i like to share this with my friends also on facebook.
Thanks.
Pingback posted October 15, 2010 @ 12:14 pm
[...] Weekly Jobless Claims Remain High « The Washington Independent [...]
Pingback posted October 17, 2010 @ 7:26 am
[...] Weekly Jobless Claims Remain High « The Washington Independent [...]
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