New claims for unemployment rose slightly last week for the first time in six weeks, but the four week average continued to fall. The seasonally adjust number of first time claims rose by 17,000 to 474,000. Analysts had expected the number to fall to 450,000. However the four week average, which is [...]
Continue reading...Wednesday, November 25, 2009
New claims for unemployment insurance fell last week to 466,000, the lowest mark since September of 2008. Even as new claims start to slow down, the unemployment rate continues to nudge upwards. Many economists continue to believe that unemployment won’t turn around until the middle of next year. There were other encouraging signs of [...]
Continue reading...Thursday, November 12, 2009
New unemployment claims dropped off last week, to a seasonally adjusted 502,000. That’s that fewest new claims since the week ending January 3 of this year. Analysts were expecting a higher number, but caution that it needs to fall even further before we will see a true turn around. New claims in [...]
Continue reading...Friday, November 6, 2009
The national unemployment rate moved up another .4 percent in October to a 25 year high of 10.2 percent. Employers cut more jobs than forecast, nudging the number up further than had been expected. Construction and manufacturing jobs continue to show the largest declines. The news isn’t all grim, however. The rate of [...]
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Thursday, December 10, 2009
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