Thursday, April 5, 2012

The weekly jobless retreat in the U.S. to a low of 4 years

The improvement continues on the employment front in the U.S. ... The weekly new unemployment dropped further last week to stand at its lowest level since August 2008, the period before the crisis.

They came out to 357,000 against 363,000 (revised) the previous week, said Thursday the Labor Department. A figure better than expected, the Bloomberg consensus building on 360,000 new claims. The average four weeks to reach 361,750 for the period ending March 31. A figure down from 4,250 the previous week.

Unemployment compensation during the week ended March 24 reached 2.6%, unchanged from the previous week. The number of unemployed receiving benefits during the same period totaled 3,338,000, down 16,000 from the previous week.

These data are quite encouraging as the U.S. Department of Labor must publish tomorrow, the figures for the month of March.

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