David Kirkpatrick

December 3, 2009

Wait a sec on that dire unemployment news …

Filed under: Business — Tags: , , , , — David Kirkpatrick @ 1:55 pm

The most recent Beige Book from the Fed finds unemployment the big problem in the current economy, but maybe better times are coming sooner than later. I’m still not going to hold my breath.

From the second link:

The number of U.S. workers filing new applications for jobless insurance unexpectedly fell last week to the lowest level in more than 14 months, government data showed on Thursday, pointing to a moderation in the pace of job losses.

Initial claims for state unemployment benefits slipped 5,000 to a seasonally adjusted 457,000 in the week ended November 28 from a downwardly revised 462,000 in the prior week, the Labor Department said. Claims have dropped for five consecutive weeks.

Analysts polled by Reuters had forecast claims rising to 480,000 from a previously reported 466,000.

The report covers the Thanksgiving holiday and a Labor Department economist said both actual and seasonally adjusted claims were down.

1 Comment »

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