Leading Meeting Professionals

Professional Convention Management Association

August 08 2012

Jobless Claims Rise, But Less Than Expected

Alicia Leonard

August 09, 2012

The number of Americans filing new claims for unemployment benefits rose less than expected in the latest week, but the data remains almost inscrutable because of seasonal auto plant shutdown distortions.

The Labor Department reported Thursday that seasonally adjusted jobless claims rose 8,000 to 365,000, versus economists' expectations that it would rise to 370,000. The four-week moving average slid by 2,750 to 365,500, lending a positive note to the data. The four-week moving average is considered a more accurate gauge of labor market trends because it smooths out rough spots in the data. More

NBC News (August 2, 2012) Jobless Claims rise, But Less Than Expected. Retrieved on August 9, 2012 from http://economywatch.nbcnews.com/_news/2012/08/02/13085206-jobless-claims-rise-but-less-than-expected?lite&__utma=238145375.1250219704.1343661079.1343921301.1343923344.3&__utmb=238145375.1.10.1343923344&__utmc=238145375&__utmx=-&__utmz=238145375.1343661079.1.1.utmcsr=(direct)|utmccn=(direct)|utmcmd=(none)|utmctr=(not%20provided)&__utmv=238145375.|8=Earned%20By=msnbc%7Cbusiness=1%5e12=Landing%20Content=Mixed=1%5e13=Landing%20Hostname=www.msnbc.msn.com=1%5e30=Visit%20Type%20to%20Content=Internal%20to%20Mixed=1&__utmk=261312206

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