Jobless Claims in U.S. Fell 1,000 Last Week to 367,000

[There Is No Spoon]

First-time claims for jobless benefits fell last week to a one-month low, helping allay concern that the labor market may suffer an extended setback.

Jobless claims dropped by 1,000 to 367,000 in the period ended May 5, in line with the median forecast in a Bloomberg News survey and the lowest since the end of March, the Labor Department said today in Washington. The number of people on unemployment benefit rolls was the smallest since July 2008.
Enlarge image Jobless Claims in U.S. Fell 1,000 Last Week to 367,000

The data indicate the surge in claims in the first three weeks of April was probably tied to the timing of the Easter holiday rather than a deterioration in employment. Further declines in dismissals would point to ongoing improvement in the job market, helping sustain household purchases after payrolls cooled last month.

... http://www.bloomberg.com/news/2012-05-10...7-000.html

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Don't know about the rest of you, but with the market sagging and April's yucky job numbers, I searched for this number at 9:01 AM this morning - was relieved.

[jaxx]

1000 is 1000, I'll take it gladly.

[There Is No Spoon]

(05-10-2012 08:24 AM)jaxx Wrote:  1000 is 1000, I'll take it gladly.

It's not the 1000 number that it fell that's important, it's that it sustained the low number of last week, which was significantly down from April's scare where the numbers spiked.

[jaxx]

Oh. I'm still on my first cup of coffee.