http://www.usatoday.com/story/money/business/2013/05/02/unemployment-claims-weekly/2128755/
According to the article, new claims for unemployment benefits fell 18,000 in the week ended April 27, to 324,000 from a revised 342,000 the week before. Claims were at their lowest level since January 2008. The 4 week moving average of claims was 342,250, down 16,000 from the previous week revised.
Drops in unemployment claims can be a positive sign that the unemployment right might continue to drop. If people are claiming less unemployment benefits, then they are finding jobs faster and new jobs may be opening up.
According to the article, new claims for unemployment benefits fell 18,000 in the week ended April 27, to 324,000 from a revised 342,000 the week before. Claims were at their lowest level since January 2008. The 4 week moving average of claims was 342,250, down 16,000 from the previous week revised.
Drops in unemployment claims can be a positive sign that the unemployment right might continue to drop. If people are claiming less unemployment benefits, then they are finding jobs faster and new jobs may be opening up.
Another thing we may want to look into here is the size of the workforce. Are the people coming off of unemployment getting jobs or removing themselves from the workforce? I feel as if we need more information to make any sort of prediction about what is actually happening here.
ReplyDeleteI agree with Nate here. While it may be a positive that unemployment claims are dropping, we still need more information on the subject. Hopefully, it does mean people are finding jobs faster and new jobs may be opening up but until we have all the statistics, we can't be fully sure.
ReplyDeleteThis statistic, in and of itself, does not present us with the full picture of what is going on. Hopefully, it represents something positive and the unemployment rate really is falling and this is not simply due to people dropping out of the workforce.
ReplyDeleteHowever, given that consumer spending is on the rise and the housing market is recovering - the economy seems to be moving in a better direction, albeit slowly. In light of that, one can hope that this is a positive piece of news.
The fall in unemployment claims might also be attributed to the fact that people have exhausted their benefits and therefore ar not able to file for unemployment insurance any more. With that said I agree that it is important to look into the number of people that are actually finding jobs and the number of them that are exiting labor force.
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