Fewer Americans Than Forecast File Unemployment Claims

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Just need to keep it going in this direction.

Fewer Americans than forecast filed first-time claims for unemployment insurance payments last week, easing concern that the labor market was deteriorating.

Applications for jobless benefits decreased by 14,000 in the week ended June 30 to 374,000, the fewest since mid May, Labor Department figures showed today. Economists forecast 385,000 claims, according to the median estimate in a Bloomberg News survey. A Labor Department spokesman said there was nothing unusual in the data.
Enlarge image Fewer Americans Than Forecast Filed Jobless Claims Last Week

Fewer firings help pave the way for faster job creation when companies grow more confident about the economic outlook. A report tomorrow may show the world’s largest economy added 90,000 jobs in June, capping a second quarter where employment growth slowed to half the pace of the prior three months.

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  • kimbutgar

    A friend of mine who is in her 50's who lost her house to foreclosure last year has been working part time contractor jobs and Tuesday got offered 2 full time jobs 1 with benefits!
    I was so happy for her and see this as a good sign that the economy is improving and employers have finally sucked so much out of their workers that they have to hire new ones. And let's not forget all the construction work that is going to happen in those states that suffered fires and the wind storms.  All those people need to rebuild their homes and communities and if the repugs deny them money it will hurt them in November. 

  • David G

    It's baby steps, but at least they are going forward, not back.  DG