Economic news: Unemployment claims at 393,000

[ProSense]

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

In the week ending November 19, the advance figure for seasonally adjusted initial claims was 393,000, an increase of 2,000 from the previous week's revised figure of 391,000. The 4-week moving average was 394,250, a decrease of 3,250 from the previous week's revised average of 397,500.

The advance seasonally adjusted insured unemployment rate was 2.9 percent for the week ending November 12, unchanged from the prior week's unrevised rate.

The advance number for seasonally adjusted insured unemployment during the week ending November 12 was 3,691,000, an increase of 68,000 from the preceding week's revised level of 3,623,000. The 4-week moving average was 3,671,500, a decrease of 2,250 from the preceding week's revised average of 3,673,750.

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Confidence Among U.S. Consumers Rises to the Highest Level in Five Months

Confidence among U.S. consumers rose in November to the highest level in five months.

The Thomson Reuters/University of Michigan final index of consumer sentiment rose to 64.1 this month, the highest since June, from 60.9 in October. The median estimate of economists surveyed by Bloomberg News called for a reading of 64.5.

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U.S. October Personal Income and Spending (Text)

Personal income increased $48.1 billion, or 0.4 percent, and disposable personal income (DPI) increased $30.2 billion, or 0.3 percent, in October, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $8.2 billion, or 0.1 percent. In September, personal income increased $15.5 billion, or 0.1 percent, DPI increased $7.8 billion, or 0.1 percent, and PCE increased $74.5 billion, or 0.7 percent, based on revised estimates.

Real disposable income increased 0.3 percent in October, in contrast to a decrease of 0.1 percent in September. Real PCE increased 0.1 percent, compared with an increase of 0.5 percent.

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[Tarheel_Dem]

1. Rec'd to "0". Encouraging news doesn't go over well here.

:hi:

[great white snark]

2. Rec'd to +1 but I'm actually -1.

-1 from the unemployment rolls! I'm employed and don't have to work with a bunch of dittoheads.

:bounce: :bounce: :bounce:

Happy happy joy joy. This great white is sooooo grateful!

[ProSense]

3. Congratulations.

Maybe the Republicans should jump on the bandwagon now. It appears the slowly improving economy will continue to slowly improve. If the pace picks up, expect the Republicans to try to spin credit for themselves, though reaffirming the country's motto didn't create a single job.

The American Jobs Act is being enacted in stages and the President is moving on other initiatives by executive order.

This week he signed the Veterans Opportunity to Work to Hire Heroes Act of 2011.

[Tarheel_Dem]

4. Congrats, great white! Here, let me help.

:bounce: :bounce: :bounce:

[great white snark]

5. Thanks guys & gals!

Pro, thank goddess Obama will be in charge when the military cuts hit.

TD, thanks for the bouncies! I hope more of our brothers and sisters feel the joy of employment in the very near future.

:bounce: