U.S. Initial Jobless Claims Fell to 545,000 Last Week (Update1)
The number of Americans filing first-time claims for jobless benefits fell unexpectedly last week, a sign the labor market is deteriorating at a slower pace as the economy pulls out of the recession.
Applications dropped by 12,000 to 545,000 in the week ended Sept. 12, from a revised 557,000 the week before, Labor Department data showed today in Washington. The total number of people collecting unemployment insurance rose the prior week, to 6.23 million.
The job market may be starting to stabilize as government and private reports reinforce forecasts that economic growth will resume this quarter.
Answer by Grandmarga at 10:46 AM on Sep. 17, 2009
Answer by JoyandLove at 10:08 AM on Sep. 17, 2009
Answer by momof030404 at 10:10 AM on Sep. 17, 2009
Answer by Anonymous at 10:15 AM on Sep. 17, 2009
Answer by NotPanicking at 10:16 AM on Sep. 17, 2009
Answer by Anonymous at 10:19 AM on Sep. 17, 2009
Answer by Anonymous at 10:22 AM on Sep. 17, 2009
**.the labor market is deteriorating at a slower pace
If you are falling from a plane, it isn't the fall that kills you, it's the landing. LOL
We are still losing jobs, the fall continues.
Answer by Anonymous at 10:32 AM on Sep. 17, 2009
Answer by yourspecialkid at 10:37 AM on Sep. 17, 2009
NotPanicking: How many of those 12,000 people lost their jobs but were dropped from the estimate because their application for u/e benefits was denied?
Did't read the article huh? The number refers to new applications.
Answer by SRiveroC at 10:39 AM on Sep. 17, 2009