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



Initial Jobless Claims Drop 7.4%

Initial U.S. jobless claims fell 7.4% to 323,000 for the week ending March 1, according to a Labor Department report released today. That's the lowest level in three months as layoffs remain at pre-recession levels.

After claims increased a revised 4.5% the previous week, analysts were pleasantly surprised by this latest report, having expected 338,000 claims.

Source: Author, data from Labor Department. 

From a longer-term perspective, a 0.6% dip in the four-week moving average to 336,500 initial claims signals a respite from five consecutive reports of increases. Both the latest week's claims and the four-week average fall significantly below 400,000, a cutoff point that economists consider a sign of an improving labor market.

On a state-by-state basis, nine states recorded a decrease of more than 1,000 initial claims for the week ending Feb. 22 (the most recent available data). California's new jobless claims dipped the most, down 4,970, due primarily to fewer service sector layoffs. 

For the same period, seven states registered increases of more than 1,000 initial claims. Georgia was the worst off, with claims up 7,380 due mostly to manufacturing, construction, and administrative and support services layoffs.

A total of 3.4 million Americans received unemployment benefits as of Feb. 15 (the latest period for which figures are available), down from 3.49 million the previous week.

-- Material from The Associated Press was used in this report.


Read/Post Comments (0) | Recommend This Article (0)

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.

Be the first one to comment on this article.

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: 2866654, ~/Articles/ArticleHandler.aspx, 9/2/2015 2:55:28 AM

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...

Justin Loiseau

Energy and Macroeconomic Specialist keeping investors up to date with macro news, utilities, and good companies doing good things.

Today's Market

updated 5 hours ago Sponsored by:
DOW 16,058.35 -469.68 -2.84%
S&P 500 1,913.85 -58.33 -2.96%
NASD 4,636.11 -140.40 -2.94%

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