U.S. Jobless Claims Again Fall Below 400,000

Jan. 13, 2005
By John S. McClenahen Although other economic statistics haven't been as encouraging, the latest data on claims for unemployment insurance offer a tantalizing bit of hope that the U.S. economy could be getting ready to generate a respectable number of ...
ByJohn S. McClenahen Although other economic statistics haven't been as encouraging, the latest data on claims for unemployment insurance offer a tantalizing bit of hope that the U.S. economy could be getting ready to generate a respectable number of jobs again. They also suggest that the U.S. economy is not about to contract again in a so-called double-dip recession. Initial claims for jobless insurance fell by 25,000 to 389,000 in the week ending Oct. 19, reports the U.S. Labor Department's Employment & Training Administration. The number is also 11,000 fewer than the 400,000 initial claims that Merrill Lynch & Co. economists figured would be filed last week. The four-week moving average for initial claims also fell, by 5,000 to 404,000. And the number of insured unemployed people decreased to 3.577 million during the week ending Oct. 12, a larger-than-expected decline of 115,000 from the prior week's total of 3.692 million.

Popular Sponsored Recommendations

Managing Supply Chain Risk in Aerospace and Defense!

Dec. 6, 2023
A&D companies need to adopt digital technologies that enable greater collaboration, active monitoring of leading risk indicators, & integration of supply chain risk factors into...

Legacy Phone Lines Are Draining Your Profits

Oct. 30, 2023
Copper wire phone line expenses that support emergency devices could be costing your company millions of dollars in wasteful overhead expenses. Rates have been skyrocketing while...

Electric Vehicles Spark New Opportunities in the Automotive Industry

Dec. 4, 2023
Automakers have increased plans to produce Electric Vehicles to meet customer demand for low emissions. With this radical shift, new opportunities and challenges for the auto ...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!