Unemployment Down
If there ever were a quintessential misleading statistic, it would be unemployment numbers. These figures are far from accurate and rarely paint a complete economic picture. That being said, unemployment claims are at a nine week low. This statistic also doesn’t account for the teen job market and doesn’t differentiate between gainful and dead-end employment.
The number of laid-off workers filing claims for unemployment benefits fell last week by the sharpest amount in nearly two months, indicating the labor market remains healthy despite the sluggish economy.
The Labor Department reported Thursday that applications for jobless benefits totaled 321,000 last week, a decline of 20,000 from the previous week.
That was the biggest decline in claims in nine weeks and was more than double what economists had been expecting. Analysts said part of the improvement reflected trouble adjusting the weekly claims data around Easter, which does not fall in the same week every year.
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Posted by DamDanger on April 29th, 2007 filed in Small Business |
April 30th, 2007 at 1:05 am
It’s really a pity it’s so much harder to measure things such as undermployment. The numbers from that would be quite interesting.