|Initial jobless claims for the February 12 week rose a steep 25,000 to 410,000.
However, claims have been volatile in recent weeks. The latest jump followed a 34,000
drop the prior week and a 38,000 fall the week before that. Off and on severe winter
weather has played a role in the volatility. The four-week average rose 1,750 in
the latest week to 417,750 to show no significant change from mid-January.
|New unemployment claims are compiled weekly to show the number of individuals
who filed for unemployment insurance for the first time. An increasing (decreasing)
trend suggests a deteriorating (improving) labor market. The four-week moving
average of new claims smoothes out weekly volatility
|Data Source: Haver Analytics|
|Legal Notices | ©Copyright 1998-2011 Econoday, Inc.|