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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (6773)	5/20/2004 9:49:18 AM
From: mishedlo	Respond to of 116555

U.S. new jobless claims rise as four-week average falls Thursday, May 20, 2004 12:53:00 PM WASHINGTON (AFX) -- The number of people filing for unemployment insurance for the first time rose for a second consecutive week, the Labor Department said Thursday At the same time, the average number of initial claims over the past four weeks fell to a level not seen since the month of the last presidential election First-time claims in the week ended May 15 rose by 12,000 to 345,000, while the average number of initial claims over the past four weeks fell by 2,750 to 333,500, the department said. That's the lowest four-week average since the week ended Nov. 18, 2000 [well in 2 more weeks perhaps they will stop talking about the 4 week average so much - mish] A consensus forecast of Wall Street economists had expected claims to fall by 3,000, to 328,000, in the latest week Economists say the four-week average provides a better gauge of the job-loss side of the labor market than the more volatile weekly number, which is subject to large revisions and can be skewed by one-time factors such as weather or holidays Meanwhile, the total number of unemployed workers receiving state benefits fell by 23,000 to 2.94 million in the week ended May 8. The four-week average of continuing claims fell by 15,500 to 2.96 million. That's the lowest four-week average of total claims since June 2001 [gee that's nice - how much of that is because benefits are just plain running out? mish] The nation's insured unemployment rate fell to 2.3 percent from 2.4 percent in the previous week. fxstreet.com

To: TobagoJack who wrote (6773)	5/20/2004 10:30:32 AM
From: yard_man	Respond to of 116555

thanks for the link Jay ...