U.S. jobless claims down 43,000 to 440,000

[ASusilovic]

Jobless claims fall by largest amount since July

U.S. continuing claims down 79,000 to 4.54 mln

U.S. 4-week avg. claims down 1,000 to 468,500

 

[Trvlwanderer]

I bet those unemployed for over a year feel better.

 

[S2007S]

I would not take this number to be so accurate in that these continuing claims do NOT include the millions of people who have used up the regular 26 weeks of benefits


There are over 5 MILLION people receiving extended benefits since the end of January.

 

[Debaser82]

Theve all become traders.

 

[CaptainObvious]

Quote from S2007S:

I would not take this number to be so accurate in that these continuing claims do NOT include the millions of people who have used up the regular 26 weeks of benefits


There are over 5 MILLION people receiving extended benefits since the end of January.

Exactly, and that number grows every week.

 

[TraderTactics]

Quote from ASusilovic:

Jobless claims fall by largest amount since July

U.S. continuing claims down 79,000 to 4.54 mln

U.S. 4-week avg. claims down 1,000 to 468,500

I wouldn't take it to be accurate as well since the number is growing everyday. It should be millions.

 

[clacy]

Quote from S2007S:

I would not take this number to be so accurate in that these continuing claims do NOT include the millions of people who have used up the regular 26 weeks of benefits


There are over 5 MILLION people receiving extended benefits since the end of January.

You're talking about the unemployment rate that doesn't, but should reflect the people that fall off due the roles.

Not new jobless claims, which has nothing to do with the people that have been unemployed for months previously.

Your point still stands though, that the real unemployment rate is higher than it might appear.

 

[logikos]

There was an expected jump in employment due to census workers.

 

[S2007S]

Quote from logikos:

There was an expected jump in employment due to census workers.

There will be jobs added to the economy over the next 1-3 months as the census gets on the way, up to 1.2 million people are being hired for this job that will only be temporary, so any jobs being created in the next few months should not be looked at as a huge positive.