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jueves, 24 de enero de 2013

U.S. jobless claims drop 5,000 to 330,000

WASHINGTON (MarketWatch)
Applications for U.S. unemployment benefits fell by 5,000 to a seasonally adjusted 330,000 in the week ended Jan. 19, marking the lowest level since January 2008
Yet the claims report can somewhat erratic in January after the end of the holiday season and it will take another few weeks of data to see if the number of people filing new claims remains at its current lows
The Labor Department said estimates were used for three states that did not file complete information on time, including California and Virginia
Economists surveyed by MarketWatch expected claims to climb to 360,000 last week
Initial claims from two weeks ago were unrevised at 335,000, Labor said
The average of new claims over the past month, meanwhile, fell by 8,250 to 351,750, the lowest level since March 2008
The four-week average reduces seasonal volatility in the weekly data and is seen as a more accurate barometer of labor-market trends
Also, Labor said continuing claims decreased by 71,000 to a seasonally adjusted 3.16 million in the week ended Jan. 12
Continuing claims reflect the number of people already receiving benefits
About 5.66 million people received some kind of state or federal benefit in the week ended Jan. 5, down 214,076 from the prior week
Total claims are reported with a two-week lag

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