Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Labor Department Releases Weekly Jobless Claims

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Thursday's data from the Department of Labor continue to paint a picture of a slowly recovering employment landscape. Seasonally adjusted claims for the week ended April 20 fell to 339,000, 16,000 fewer than the week prior, a 4.5% drop.

While week-to-week comparisons can be useful when trying to wrap your mind around the bigger picture, four-week moving averages are even more revealing.

Not only is the 339,000 figure from April 20 below the 357,500 four-week moving average, that moving average itself is more than 5% below what it was just a year ago, when the four-week moving average stood at 378,500 .

While these data show a labor market moving in the right direction, the steady improvement doesn't mean declines in unemployment claims are spread more or less evenly throughout the nation. For example, New York reported 14,113 fewer initial claims in the week ended April 13, as "fewer layoffs in the transportation, educational services, and food service industries" helped to keep people off unemployment benefits. However, that same week, California reported a 24,303 increase in claims, as the state cited "layoffs in the service industry," as the main reason.

Read/Post Comments (1) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On April 25, 2013, at 2:21 PM, AvianFlu wrote:

    This is like saying: "Great news! You only have stage 3 colon cancer instead of pancreatic cancer!

    We would do well to emulate Singapore. Consider: highest number of millionaires per capita in the world. Unemployment rate of an incredible 1.8%. ...and no minimum wage laws. Also: number one on the economic freedom index. Freedom beats government planning any day. Especially when your totalitarian planners are morons and economic illiterates.

Add your comment.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2387201, ~/Articles/ArticleHandler.aspx, 9/29/2016 11:47:48 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 2 hours ago Sponsored by:
DOW 18,143.45 -195.79 -1.07%
S&P 500 2,151.13 -20.24 -0.93%
NASD 5,269.15 -49.39 -0.93%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes