US Jobless Claims Fell 12,000 To 365,000 In The September 1 Wk

 (Photo credit: Wikipedia)

 Initial claims for U.S. state unemployment benefits fell by 12,000 to 365,000 in the September 1 week, less than expected, after an upward revision to the previous week, the Labor Department reported Thursday. The median estimate of economists surveyed by MNI was for 370,000,

a decline of 4,000 from the initially reported 374,000 level in the August 25 week. That week’s claims level was revised up 3,000 to 377,000. A Labor Department analyst said there were no special factors and no indication that hurricane Isaac is impacting the claims data with Louisiana continuing to report jobless claims. Unadjusted claims fell 4,280 to a level of 307,831 in the September 1 week. Unadjusted claims were at a level of 348,582 in the comparable week a year ago. The initial claims seasonally adjusted 4-week moving average was 371,250 in the September 1 week, an increase of 250 claims from the previous week. The state data released for the August 25 week indicated unadjusted initial claims increased in 27 states and declined in 25 states, with 1 state unchanged. The District of Columbia, Puerto Rico, and Virgin Islands are included in this data. ... Continue to read.

Related articles

• Jobless Claims Stuck at Dec '12 Level, Consumer Confidence Remains Weak (confoundedinterest.wordpress.com)