Weekly unemployment claims down again

unemployment form

There’s a bit of good news on the economic front as the latest report from the Bureau of Labor Statistics shows a decline in initial unemployment claims to 385,000, a drop of 16,000 from the previous week. The 4 week average is now 386,250, a drop of 7,000.

From the Calculated Risk blog:

This is the 3rd consecutive week with the 4-week average below the 400,000 level, and although there is nothing magical about 400,000, this is a positive step for the labor market.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.