Nothing To Do, Nowhere To Go 0
Still in the hight 400Ks.
Initial jobless claims fell by 14,000 to 460,000 in the week ended May 22, Labor Department figures showed today in Washington. Economists forecast claims would drop to 455,000, according to the median estimate in a Bloomberg News survey. The economy expanded in the first quarter at a slower pace than initially estimated, the Commerce Department said today.
The four-week moving average for initial claims, a less volatile measure than the weekly figures, rose to 456,500 last week from 454,250, today’s report showed.
The number of people continuing to receive jobless benefits dropped by 49,000 in the week ended May 15 to 4.61 million, the lowest since March 27 and in line with the median forecast.
The continuing claims figure does not include the number of Americans receiving extended benefits under federal programs.
The story does not specifically mention unemployment in the oil barrens.