Join        Login             Stock Quote

First-time jobless claims drop by 12,000

Thursday, December 27, 2012 10:29 AM

WASHINGTON, Dec. 27 (UPI) -- The U.S. Labor Department said Wednesday first-time jobless benefits claims fell by 12,000 in the week.to nearly a 4 1/2-year low.

There were 350,000 first-time claims in the week, a drop from the previous week's revised figure of 362,000.

The four-week rolling average for the week was 356,750, a decrease of 11,250 from the previous week.

In the first week of October, first-time claims were lower by 8,000. Except for that week, first-time claims have been higher every week since May 2008, when 348,000 claims were filed in the first week of the month.

In the current week, the unadjusted advance number of first-time unemployment benefits claims under state programs totaled 440,887 for the week, an increase of 39,458 from the previous week, the Labor Department said.

(Source: UPI )
(Source: Quotemedia)


Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.