Fewer Americans are getting laid off, but not enough are getting hired

By Ben Walsh
November 21, 2013

The number of Americans filing new claims for unemployment benefits is at a two-month low, data released by the Labor Department this morning shows.  From the report:

In the week ending November 16, the advance figure for seasonally adjusted initial claims was 323,000, a decrease of 21,000 from the previous week’s revised figure of 344,000. The 4-week moving average was 338,500, a decrease of 6,750 from the previous week’s revised average of 345,250.

Reuters writes that the new data suggests “some strengthening of labor market conditions”. However, “while layoffs have slowed significantly to normal levels, there has not been a rapid acceleration in hiring as domestic demand remains lukewarm”.

Reuters charts jobless claims, as well as  average unemployment duration, and the labor market participation rate:

 

 

 

 

 

2 comments

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Four week average = 338500
Continuous claims + 66000
______________________________

= 404500

Posted by Afrodo | Report as abusive

Obama, Pelosi, Reid, Schummer and the rest of the Democrats are not interested in creating jobs. They are interested only in things that advance them. If we had great economic conditions we would have low unemployment and good benefits and income for our families. The Democrats fight hard to keep Social Security, the Post Office and the like under government control so these can be used as political tools to advance the Democrats causes. This is why these institutions are in such dire financial shape. Things will be better when Obama is out of office and another party takes over unless we have a socialistic or communist party, which is where Obama is taking the U.S.

Posted by Bighammerman | Report as abusive