Jobless Claims Decline In U.S.

Dec. 22, 2005
Although manufacturing layoffs in Missouri, Ohio and Texas added claims for unemployment insurance in the U.S. last week, fewer hurricane-related claims helped drive the overall figure for initial jobless claims down to a seasonally adjusted 318,000, ...

Although manufacturing layoffs in Missouri, Ohio and Texas added claims for unemployment insurance in the U.S. last week, fewer hurricane-related claims helped drive the overall figure for initial jobless claims down to a seasonally adjusted 318,000, some 13,000 fewer than the previous week's revised number of 331,000, the U.S. Labor Department reported on Dec. 22.

The department's four-week moving average, which smooths out week-to-week changes and is regarded as a better indicator of underlying labor market conditions, also fell last week. The average was 324,500, a decrease of 4.750 from the previous week's revised average of 329,250.

Sponsored Recommendations

Voice your opinion!

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