Skip Navigation

Close and don't show again.

Your browser is out of date.

You may not get the full experience here on National Journal.

Please upgrade your browser to any of the following supported browsers:

Weekly Jobless Claims Fall Below Key 400,000 Level For the First Time Since April Weekly Jobless Claims Fall Below Key 400,000 Level For the First Time ...

This ad will end in seconds
 
Close X

Not a member? Learn More »

Forget Your Password?

Don't have an account? Register »

Reveal Navigation
 

 

Economy / ECONOMY

Weekly Jobless Claims Fall Below Key 400,000 Level For the First Time Since April

photo of Catherine Hollander
August 11, 2011

Initial claims for jobless benefits fell slightly to 395,000 for the week ending August 6, according to Labor Department data released Thursday. They had not dropped below the key 400,000 threshold that economists say is needed to dent unemployment since early April.

Claims fell from 402,000 the previous week and had been expected to stay steady at 400,000, according to economists surveyed by Reuters. The Labor Department found that jobless claims fell below the key level in the last week of July, but later revised that number up.

The report comes amid a volatile week for Wall Street, with stocks tumbling Monday, rallying Tuesday, then tumbling again to close down more than 500 points on Wednesday. Futures point to a lower open on Thursday, but the claims report provides a glimmer of good news ahead of the opening bell.

 

The 4-week moving average, a less-volatile gauge of labor-market health, fell to 405,000 from last week’s revised average of 408,250.

Job Board
Search Jobs
Digital and Content Manager, E4C
American Society of Civil Engineers | New York, NY
PRODUCT REVIEW ENGINEER
American Society of Civil Engineers | CA
Neighborhood Traffic Safety Services Intern
American Society of Civil Engineers | Bellevue, WA
United Technologies Research Fellow
American Society of Civil Engineers | New York, NY
Process Engineering Co-op
American Society of Civil Engineers | Conshohocken, PA
Electrical Engineer Co-op
American Society of Civil Engineers | Findlay, OH
Application Engineer/Developer INTERN - Complex Fluids
American Society of Civil Engineers | Brisbane, CA
Application Engineer - Internships CAE/CFD Metro Detroit
American Society of Civil Engineers | Livonia, MI
Chief Geoscientist
American Society of Civil Engineers
Application Engineer - Internships CAE/CFD Metro Boston
American Society of Civil Engineers | Burlington, MA
Professional Development Program Engineer
American Society of Civil Engineers | Farmington Hills, MI
Civil Enginering Intern - Water/Wastewater/Site-Development
American Society of Civil Engineers | Sacramento, CA
Staff Accountant
American Society of Civil Engineers | Englewood, CO
Biomedical Service Internship Position
American Society of Civil Engineers | Flint, MI
 
Comments
comments powered by Disqus