Nothing To Do, Nowhere To Go 0
I was in a binder this morning and forgot to check the weekly unemployment data. Slightly worse:
(snip)
The four-week moving average, a less volatile measure than the weekly figures, rose to 365,500 last week from 364,750. The average number of claims over the past two weeks was in line with the four-week average, indicating little change in the pace of firings outside the seasonal swings.
(snip)
Payrolls rose 114,000 in September after a 142,000 increase the prior month, according to Labor Department figures released earlier this month. The unemployment rate dropped to a three- year low of 7.8 percent from 8.1 percent.
Today’s report showed the number of people continuing to receive jobless benefits fell by 29,000 in the week ended Oct. 6 to 3.25 million.