Initial Jobless Claims Drop

Initial Jobless Claims Drop
Initial jobless claims fell 23,000 to 381,000 for the week ending December 3rd. This is the lowest level for first time filings since the week ending February 26, 2011. That date also marks the lowest level of 2011. As listed on the chart, the highest level for 2011 was for the week ending April 30.Initial jobless claims measure the number of people (non industry-specific) filing first-time claims for state unemployment insurance. This report provides a timely indicator of the direction of the economy, with changes in claims potentially signaling changes in job growth. Because the weekly data can sometimes be misleading, the four-week average can be used as a more accurate gauge. This also came in lower, falling 3,000 to 393,250.

please click below to see the chart...

Click Here for My Featured Chart