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U.S. Unemployment Claims Drop

March 15, 2012 by  

U.S. Unemployment Claims Drop

The number of Americans claiming new jobless benefits fell back to a four-year low last week, Reuters reported. The total number of individuals filing for unemployment dropped to a seasonally adjusted 351,000.

According to the news outlet, initial claims for State unemployment benefits dropped by 14,000 last week.

The four-week moving average for new claims, considered by some experts to be a better indicator of labor market trends, was unchanged at 355,750.

The Associated Press reported applications have leveled off in the past few weeks after falling for a period of six months. The average for the number of filings has dropped 14 percent since October 2011.

According to the news outlet, the steady decline has coincided with the top three months of hiring in the past two years. From December through February, employers have created an average of 245,000 jobs per month.

The AP reported that when the number of benefit applications drop below 375,000 for consecutive weeks, it usually is a signal that hiring is strong enough to lower the overall unemployment rate.

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  • Raggs

    Does anyone really buy into this crap?
    With over 300,000 new people filing for unemployment benefits weekly adding up to over one million a month and magically the unemployment number drops?

    There seems to be a vast void here somewhere… Call me crazy but…

    • anonymous

      the numbers are dropping because everyones umemployment benefits are running out, not because people are going back to work. their numbers are just the number of people that are receiving money from them

      • Joe

        Most of the people have ran out of unemployment and are now going on welfare and food stamps. I’ve been out of work for several years now and have given up on ever going back to work at this point. Who is doing the study ?

    • anonymous

      or have filed unemployment claims that have not been approved yet

  • jopa

    Things are beginning to look great in America once again with 2,3million jobs added in the last 23 months.Anyone invested in the stock market is smiling all the way to the bank but the downside is the heavy traffic on the roads once again despite high gas prices.Oh well we should all be smiling and jumping for joy in the land of the free and the home of the brave.WE are truly blessed.

    • http://naver samurai

      Care to cite a source to back up that lie? FOR GOD AND COUNTRY!

      • jopa

        Update;Gas prices are falling.Source;Sign in front of your nearest gas station. samurai; I am not sure about Japan but here in America they are going down.

      • http://naver samurai

        Another lie about unemployment going down. People are falling off of the list after their benefits run out. Need to be making that popping sound. FOR GOD AND COUNTRY!

        P.S. You need both love of country and fear of God to be a patriot.

  • jopa

    Has anyone seen or heard from Samurai.He left three days ago to go and make a popping sound and that was the end of him as we know him.

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