Initial Jobless Claims Fall To 410,000, Slightly Below Expectations

Jan. 13, 2005
By John A. McClenahen For the week ending May 25, initial claims for unemployment insurance fell to 410,000, a decrease of 12,000 from the previous week's revised figure of 422,000. The figure, compiled by the U.S. Labor Department's Employment & ...
ByJohn A. McClenahen For the week ending May 25, initial claims for unemployment insurance fell to 410,000, a decrease of 12,000 from the previous week's revised figure of 422,000. The figure, compiled by the U.S. Labor Department's Employment & Training Administration, was just under the 413,00 that most economists anticipated. The four-week moving average number of claims also decreased, down to 418,500 from 421,500 in the previous week. However, "until profit margins are restored, job growth will be tepid and jobless claims will be uncomfortably high," says Merrill Lynch & Co., New York. April data from the Bureau of Labor Statistics put the U.S. unemployment rate at 6%. The numbers for May are slated to be released on Friday, June 7 -- and could well show a rise in the rate of one- or two-tenths of a percentage point.

Popular Sponsored Recommendations

The Benefits of Continuous Thermal Monitoring

Oct. 17, 2023
Read this eBook to learn more about collecting and using data intelligently to improve performance.

Navigating Disruption: A Leader’s Guide to Strategy Under Uncertainty

Nov. 1, 2023
AI, sustainability, digital--industrials are facing disruptive forces that are redefining what it takes to win. What got your company where it is today won’t get you where you...

Smarter Savings for Manufacturers - Guide

Sept. 12, 2023
Enhance your service experiences and boost revenue while reducing costs. Learn how one platform can help your business be more agile and productive in today's market.

Gain a competitive edge with real-world lessons on private 5G networks

Nov. 16, 2023
The use of private networks in manufacturing applications is rapidly growing. In this paper, we present valuable insights and lessons learned from the field with the goal of enhancing...

Voice your opinion!

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