Jobless claims fell to 319,000

[papau]

Jobless claims fell to 319,000 in latest week from revised 363,000 last week.

DOL releases Report: Jobless claims fell to 319,000


http://www.dol.gov/opa/media/press/eta/ui/current.htm
September 9, 2004 UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

SEASONALLY ADJUSTED DATA

In the week ending Sept. 4, the advance figure for seasonally adjusted initial claims was 319,000, a decrease of 44,000 from the previous week's revised figure of 363,000. The 4-week moving average was 339,250, a decrease of 3,750 from the previous week's unrevised average of 343,000.

The advance seasonally adjusted insured unemployment rate was 2.3 percent for the week ending Aug. 28, unchanged from the prior week's unrevised rate of 2.3 percent.

The advance number for seasonally adjusted insured unemployment during the week ending Aug. 28 was 2,898,000, an increase of 20,000 from the preceding week's revised level of 2,878,000. The 4-week moving average was 2,888,750, an increase of 2,500 from the preceding week's revised average of 2,886,250.

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 274,686 in the week ending Sept. 4, a decrease of 2,969 from the previous week. There were 322,501 initial claims in the comparable week in 2003.

The advance unadjusted insured unemployment rate was 2.1 percent during the week ending Aug. 28, unchanged from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 2,605,340, a decrease of 22,093 from the preceding week. A year earlier, the rate was 2.5 percent and the volume was 3,120,553.

http://www.bloomberg.com/news/index.html

Economists Lower Second Half U.S. GDP Forecasts, Survey Finds
Sept. 9 (Bloomberg) -- Higher energy prices are prompting economists to reduce U.S. growth forecasts for the third and fourth quarters of 2004, a monthly Bloomberg News survey showed (year is forecast at 4.3% lagging 4.5 percent growth in 1997 and 1999 and 7.2 percent in 1984).

The world's largest economy will grow at a 3.7 percent annual rate from July through September, slower than the 3.9 percent estimated last month, according to the median of 61 forecasts. Economists have slashed a half percentage point from third-quarter forecasts over the past two months. <snip>

http://quote.bloomberg.com/apps/news?pid=10000103&sid=a...

U.S. Jobless Claims Probably Fell to 345,000, BN Survey Finds
Sept. 9 (Bloomberg) -- The number of Americans making initial jobless claims may have fallen to 345,000 last week, returning to the average level for the year after a surge in filings related to Hurricane Charley, economists said ahead of today's Labor Department report. <snip<

http://story.news.yahoo.com/news?tmpl=story&cid=568&nci...

WASHINGTON (Reuters) - The number of Americans filing initial claims for jobless pay fell much more than expected last week, government data showed on Thursday, but bad weather and the Labor Day public holiday buffeted the result. ...A Department analyst said the drop partly reflected a fall in claims from Florida due to Hurricane Charley.

Wall Street had forecast a substantial fall in claims to 346,000 from the originally reported 362,000 the previous week, which had also been influenced by Hurricane Charley....On the other hand, the Labor Day public holiday on Monday may have impacted seasonal adjustment factors, the analyst added.

The four-week moving average of filings, which smoothes weekly fluctuations to provide a better picture of underlying trends, retreated by 3,750 to 339,250 from 343,000. <snip>

The number of unemployed on the benefit rolls after claiming an initial week of aid rose by 20,000 to 2.898 million in the week ended Aug. 28, the latest for which figures are available.

[Frodo]

1. This is not a misprint?

That seems like an incredible dip - espetially with the storm and all.


And as a side note: Why did this get moved to General?

[RivetJoint]

2. No link, maybe?

[Frodo]

3. Maybe,

but you usually get more than 30 seconds to edit that in.

The raw number usually comes out a couple minutes before there IS a link to the full report.

And Papau likes to be first. :-)

[papau]

4. We try!

:-)