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13:30 - Dados States
8:30am 01/05/06 JOBLESS CLAIMS VOLATILE THIS TIME OF YEAR: DOL SPOKESMAN
8:30am 01/05/06 U.S.CONTINUING JOBLESS CLAIMS UP 13,000 TO 2.72M
8:30am 01/05/06 U.S. 4-WK AVERAGE INITIAL CLAIMS FALL 9,250 TO 316,750
8:30am 01/05/06 U.S. INITIAL JOBLESS CLAIMS LOWEST SINCE SEPT. 2000
8:30am 01/05/06 U.S. INITIAL JOBLESS CLAIMS FALL 35,000 TO 291,000
ECONOMIC REPORT: Jobless claims plunge to 5-year low; Seasonal volatility helps initial filings fall to 291,000
By Rex Nutting, MarketWatch
Last Update: 8:30 AM ET Jan. 5, 2006
WASHINGTON (MarketWatch) - The number of people filing for U.S. state unemployment benefits plunged by 35,000 to a seasonally adjusted 291,000 in the week ending Dec. 31, the lowest since September 2000, the Labor Department said Thursday.
A spokesman for the Labor Department cautioned that the jobless claims data are very volatile this time of year because of holidays and the large expected swings in seasonal employment. The government attempts to adjust the data for those factors.
The four-week moving average of new claims, which smoothes out some of the weekly volatility, fell by 9,750 to 316,750, the lowest since Aug. 20, just before Hurricane Katrina leveled much of the Gulf Coast.
Before the most recent decline, new claims had stabilized in the past two months in a tight band between 320,000 and 335,000 after surging to 435,000 after the hurricanes.
New filings in this range are consistent with steady job growth of about 200,000 per month, economists say.
The figures come a day before the Labor Department reports on December job growth and unemployment. Economists expect nonfarm payrolls to grow by about 207,000 in December, close to November's 215,000 gain. The jobless rate is expected to remain at 5%.
Meanwhile, the number of people collecting unemployment benefits rose by 13,000 to 2.72 million in the week ending Dec. 24. It's the fourth increase in a row. The four-week average of continuing claims rose by about 33,000 to 2.66 million.
The insured unemployment rate - the ratio of those receiving benefits to those workers eligible -- remained at 2.1%.
8:30am 01/05/06 U.S.CONTINUING JOBLESS CLAIMS UP 13,000 TO 2.72M
8:30am 01/05/06 U.S. 4-WK AVERAGE INITIAL CLAIMS FALL 9,250 TO 316,750
8:30am 01/05/06 U.S. INITIAL JOBLESS CLAIMS LOWEST SINCE SEPT. 2000
8:30am 01/05/06 U.S. INITIAL JOBLESS CLAIMS FALL 35,000 TO 291,000
ECONOMIC REPORT: Jobless claims plunge to 5-year low; Seasonal volatility helps initial filings fall to 291,000
By Rex Nutting, MarketWatch
Last Update: 8:30 AM ET Jan. 5, 2006
WASHINGTON (MarketWatch) - The number of people filing for U.S. state unemployment benefits plunged by 35,000 to a seasonally adjusted 291,000 in the week ending Dec. 31, the lowest since September 2000, the Labor Department said Thursday.
A spokesman for the Labor Department cautioned that the jobless claims data are very volatile this time of year because of holidays and the large expected swings in seasonal employment. The government attempts to adjust the data for those factors.
The four-week moving average of new claims, which smoothes out some of the weekly volatility, fell by 9,750 to 316,750, the lowest since Aug. 20, just before Hurricane Katrina leveled much of the Gulf Coast.
Before the most recent decline, new claims had stabilized in the past two months in a tight band between 320,000 and 335,000 after surging to 435,000 after the hurricanes.
New filings in this range are consistent with steady job growth of about 200,000 per month, economists say.
The figures come a day before the Labor Department reports on December job growth and unemployment. Economists expect nonfarm payrolls to grow by about 207,000 in December, close to November's 215,000 gain. The jobless rate is expected to remain at 5%.
Meanwhile, the number of people collecting unemployment benefits rose by 13,000 to 2.72 million in the week ending Dec. 24. It's the fourth increase in a row. The four-week average of continuing claims rose by about 33,000 to 2.66 million.
The insured unemployment rate - the ratio of those receiving benefits to those workers eligible -- remained at 2.1%.
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