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Weekly Jobless Claims Dip; Will Unemployment Rate Do The Same?
There were 331,000 first-time claims filed for unemployment insurance last week, down 20,000 from the week before, the Employment and Training Administration reports.
That's yet another report showing that claims remain in a range where they've been running since late 2011. What does that indicate? As we've said before:
When the economy is expanding and even when payrolls are growing, there are people being laid off who file jobless claims. But the stubbornly slow growth in employment in recent years has been underscored by the fact that there hasn't been a string of weeks below the 300,000-level since early 2006.