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Thursday, February 24, 2005

Jobless Claims Down

Jobless Claims Drop to Four-Year Low

My Way News
By MARTIN CRUTSINGER

WASHINGTON (AP) - The number of laid-off workers filing new claims for unemployment benefits fell for a third straight week, dropping to the lowest level in more than four years, the Labor Department reported Thursday.

A total of 302,000 Americans filed applications for jobless benefits last week, down by 2,000 from the previous week on a seasonally adjusted basis. The level was the lowest since Oct. 28, 2000, in the closing months of the country's record 10-year long economic expansion.

The decline in jobless claims caught analysts by surprise. They had been forecasting an increase of around 12,000, reflecting a predicted bounce up after the impressive declines of 9,000 and 12,000 in the previous two weeks.

Analysts said the decline in claims provided further evidence that the labor market is continuing to show improvements with fewer layoffs and more companies deciding to hire new workers...

Full article here.


 
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conservativerebel.blogspot.com

Thursday, February 24, 2005

Jobless Claims Down

Jobless Claims Drop to Four-Year Low

My Way News
By MARTIN CRUTSINGER

WASHINGTON (AP) - The number of laid-off workers filing new claims for unemployment benefits fell for a third straight week, dropping to the lowest level in more than four years, the Labor Department reported Thursday.

A total of 302,000 Americans filed applications for jobless benefits last week, down by 2,000 from the previous week on a seasonally adjusted basis. The level was the lowest since Oct. 28, 2000, in the closing months of the country's record 10-year long economic expansion.

The decline in jobless claims caught analysts by surprise. They had been forecasting an increase of around 12,000, reflecting a predicted bounce up after the impressive declines of 9,000 and 12,000 in the previous two weeks.

Analysts said the decline in claims provided further evidence that the labor market is continuing to show improvements with fewer layoffs and more companies deciding to hire new workers...

Full article here.