logo
  Join        Login             Stock Quote

U.S. Jobless Claims Fewer Than Forecast Last Week

 December 06, 2012 09:15 AM


(By Balaseshan) The number of Americans who continued to receive jobless benefits were fewer than forecast last week, a government data showed, the latest indication that the labor market is recovering from the Hurricane Sandy-related surge.

Jobless claims fell 25,000 to 370,000 last week from the previous week's revised figure of 395,000, while economists projected a decline to 380,000 applications.

The four-week moving average for claims - a less volatile measure than the weekly figures - rose 2,250 to 408,000 last week, a data from the Labor Department showed.

The advance number for seasonally adjusted insured unemployment during the week ending November 24 fell 100,000 to 3.205 million, while economists projected an advance to 3.275 million. The 4-week moving average was about 3.309 million, up 7,750 from the preceding week's revised average of 3.301 million.

[Related -Chart Says This Retailer's Comeback Isn't Finished]

The advance seasonally adjusted insured unemployment rate was 2.5% for the week ending November 24, a decrease of 0.1 percentage point from the prior week's unrevised rate.

The advance number of actual initial claims under state programs, unadjusted, totaled 498,619 in the week ending December 1, an increase of 139,678 from the previous week.

The advance unadjusted insured unemployment rate was 2.6% during the week ending November 24, an increase of 0.4 percentage points from the prior week's unrevised rate. The advance unadjusted number for persons claiming UI benefits in state programs rose 465,529 to 3.301 million from the preceding week.

[Related -ETF Performance Review: Major Asset Classes | 19 Dec 2014]

The largest increases in initial claims for the week ending November 24 were in Wisconsin (up 5,876), Oregon (up 2,328), Ohio (up 2,252), Washington (up 2,107), and Iowa (up 1,262), while the largest decreases were in New Jersey (down 23,966), California (down 7,053), New York (down 6,682), Texas (down 6,425) and North Carolina (down 2,609).

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageChart Says This Retailer's Comeback Isn't Finished

One of the surprises, at least on the surface, of the market's recent swoon was the outperformance of read on...

article imageETF Performance Review: Major Asset Classes | 19 Dec 2014

It’s all about real estate investment trusts (REITs) these days when it comes to bullish performance among read on...

article imageOil and Global Stock Markets Rebounding Sharply

So far so good on our expectation of a 4 to 5% pullback and then a resumption of the bull read on...

article imageGrading the FOMC

Love its members or loathe them, you have to admire the gradual impact the policy-making committee has had read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



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.