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Q1 Economic News

This is a discussion on Q1 Economic News within the Current Events forums, part of the Tech Support Forum category. New claims for US unemployment insurance benefits plunged to the lowest level in nearly 15 years last week, the Labor


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Old 01-29-2015, 07:14 AM   #1
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New claims for US unemployment insurance benefits plunged to the lowest level in nearly 15 years last week, the Labor Department reported Thursday.

Initial jobless claims, a sign of the pace of layoffs, dropped to a seasonally adjusted 265,000 in the week ending January 24, a hefty decline of 43,000 from the prior week's slightly upwardly revised level of 308,000.

It was the lowest level for initial claims since mid-April 2000. The decline in claims was much steeper than expected, with analysts projecting a reading of 301,000.
The new congress will be doing all they can to reverse this trend . . .

US jobless claims plunge 14%
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