Skip to comments.Jobless claims rise less than expected last week
Posted on 10/04/2012 5:47:33 AM PDT by John W
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits rose less than expected last week, according government data on Thursday that suggested a mild improvement in the labor market.
Initial claims for state unemployment benefits climbed 4,000 to a seasonally adjusted 367,000, the Labor Department said. The prior week's figure was revised up to show 4,000 more applications than previously reported.
Economists polled by Reuters had forecast claims rising to 370,0000 last week. The four-week moving average for new claims, a better measure of labor market trends, was unchanged at 375,000. It was the first time since December last year that the four-week average was unchanged.
A Labor Department official said there were no special factors influencing the report and no states had been estimated.
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Jobless claims rise less than expected last week
Im Shocked Shocked!!!
Do I really have to say it???
That's all that really matters.
I know! The real point is, jobless claims rose.
But...it was "seasonally adjusted" so...
I was addressing the article not you.
Thanks for posting.
They’ll be back to the “expected” level when they are “revised” next week. No big thing.