Last Week's jobless claims fell to 329,000 in Holiday shorten week

[papau]

http://story.news.yahoo.com/news?tmpl=story&cid=580&ncid=580&e=3&u=/nm/20041021/bs_nm/economy_jobless_dc

Jobless Claims Drop More Than Expected

WASHINGTON (Reuters) - The number of people filing an initial claim for U.S. jobless aid fell by a larger-than-expected 25,000 in the holiday-shortened week ended Oct. 16, the government said on Thursday.

http://biz.yahoo.com/rb/041021/markets_forex_1.html

The dollar fell to an eight-month low against the euro on Thursday, also setting multi-month lows versus the yen, sterling and the Swiss franc amid worries the U.S. economy was not growing enough to support its currency.

http://story.news.yahoo.com/news?tmpl=story&cid=668&ncid=749&e=6&u=/ap/20041021/ap_on_bi_go_ec_fi/jobless_claims

Jobless Claims Fall Sharply Last Week

By JEANNINE AVERSA, Associated Press Writer

WASHINGTON - The number of new people signing up for jobless benefits fell sharply last week, offering a dose of encouraging news that the recovery in the labor market may be strengthening a bit.

The Labor Department (news - web sites) reported Thursday that new filings for unemployment insurance declined by a seasonally adjusted 25,000 to 329,000 for the week ending Oct. 16. That marked the lowest level since early September. In the prior week, claims had climbed by 16,000.

The latest snapshot of the layoffs climate was better than economists were expecting. They were forecasting claims to total in the 345,000 range. <snip>
http://www.dol.gov/opa/media/press/eta/ui/current.htm

October 21, 2004 UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

SEASONALLY ADJUSTED DATA

In the week ending Oct. 16, the advance figure for seasonally adjusted initial claims was 329,000, a decrease of 25,000 from the previous week's revised figure of 354,000. The 4-week moving average was 348,250, a decrease of 5,500 from the previous week's revised average of 353,750.

The advance seasonally adjusted insured unemployment rate was 2.2 percent for the week ending Oct. 9, unchanged from the prior week's revised rate of 2.2 percent.

The advance number for seasonally adjusted insured unemployment during the week ending Oct. 9 was 2,798,000, a decrease of 8,000 from the preceding week's revised level of 2,806,000. The 4-week moving average was 2,831,500, a decrease of 20,250 from the preceding week's revised average of 2,851,750.


UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 278,662 in the week ending Oct. 16, a decrease of 59,661 from the previous week. There were 328,572 initial claims in the comparable week in 2003.

The advance unadjusted insured unemployment rate was 1.8 percent during the week ending Oct. 9, unchanged from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 2,300,163, a decrease of 20,224 from the preceding week. A year earlier, the rate was 2.3 percent and the volume was 2,890,257.

[lil-petunia]

1. watch them revise it 11/3

did anyone see how many thousands were laid off in the last two weeks?

[i_c_a_White_Ghost]

2. Elaine Chow up to her old dirty tricks? Lol