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Jobless claims drop in sign layoffs easing

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Jobless claims drop in sign layoffs easing

Post by Jen on Thu Mar 31, 2011 11:10 am

Jobless claims drop in sign layoffs easing
http://www.msnbc.msn.com/id/42355631/ns/business-eye_on_the_economy/

WASHINGTON — Fewer Americans applied for
unemployment benefits last week, a sign that layoffs are dropping and
companies may be stepping up hiring.


The Labor Department said Thursday that the number of people seeking
benefits dipped by 6,000 to a seasonally adjusted 388,000 for the week
that ended March 26. That's the second decline in three weeks.

Applications near 375,000 or below are consistent with a sustained
increase in hiring. Applications peaked during the recession at 659,000.


UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT
http://www.dol.gov/opa/media/press/eta/ui/eta20110430.htm
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Jen
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Re: Jobless claims drop in sign layoffs easing

Post by mrgolf on Thu Mar 31, 2011 6:03 pm

I betcha that the unemployment rate is gonna look real rosy next time they announce it
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Re: Jobless claims drop in sign layoffs easing

Post by Phillymg on Thu Mar 31, 2011 6:48 pm

*THIS* is the data figure that's been dropping as a result of the existence of the long-term unemployed.....who have made no money or very little money & therefore do not qualify for new claims.

They simply 'drop off' & the media treats them as if they never existed.

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