About 346,0000 people filed initial jobless claims last week, 11,000 fewer than a week earlier, the Department of Labor said.
Jobless claims are a volatile indicator from week to week, but nevertheless are considered a key measure of layoffs. Economists often prefer to look at a four-week moving average, to smooth out some of the choppiness, and that measure rose slightly last week.
Some turnover is normal in the job market. In early 2007, before the recession began, it was common to see about 315,000 initial claims filed each week. At the height of the jobs crisis in 2009, weekly claims surged as high as 670,000.
http://money.cnn.com/2013/06/06/news/economy/unemployment-benefits/
Jobless claims are a volatile indicator from week to week, but nevertheless are considered a key measure of layoffs. Economists often prefer to look at a four-week moving average, to smooth out some of the choppiness, and that measure rose slightly last week.
Some turnover is normal in the job market. In early 2007, before the recession began, it was common to see about 315,000 initial claims filed each week. At the height of the jobs crisis in 2009, weekly claims surged as high as 670,000.
http://money.cnn.com/2013/06/06/news/economy/unemployment-benefits/
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