To: Kenneth E. Phillipps who wrote (111754 ) 9/1/2011 8:50:11 AM From: Hope Praytochange 3 Recommendations Respond to of 224749 U.S. initial jobless claims off slightly last week Separate report shows sharper fall in second-quarter productivity 09/01 08:46 AM WASHINGTON (MarketWatch) -- The number of Americans seeking new jobless benefits fell last week but remained at a level associated with slow hiring trends, government data showed. kenny_troll : how is your door greeter job ??? no benefits but enough to fill gas tank ??? In a separate report Thursday, the government said the productivity of U.S. businesses and workers in the second quarter fell more sharply than originally reported. New applications for unemployment compensation dropped 12,000 to 409,000 in the week ended Aug. 27, the Labor Department said Thursday. Initial claims from two weeks ago were revised up to 421,000 from an original reading of 417,000. Economists surveyed by MarketWatch had expected new requests for jobless benefits to fall to 405,000, on a seasonally adjusted basis, for the latest week. Claims were expected to fall partly because of the end of a two-week strike at Verizon Communications Inc. ( VZ :$36.165,0 $-0.1450 ,-0.40% ) in which thousands filed for unemployment benefits even though they are probably not eligible. Their applications helped to push up claims two weeks ago. Meanwhile, the average of new claims over the past four weeks rose by 1,750 to 410,250. The monthly average is seen as a more accurate gauge of labor trends because it smooths out volatility in the week-to-week data. In any case, weekly applications for jobless benefits have hovered above 400,000 almost the entire year, reflecting little change in a weak U.S. labor market. In a strong economy, claims usually fall far below 400,000 as companies rapidly add workers. On Friday, the government will issue its latest monthly snapshot of the jobs market, but economists and investors are not expecting much. The number of nonfarm-payroll jobs created in August likely fell to 45,000 from an initially reported 117,000 in July, according to a MarketWatch survey. That would be far below the roughly 200,000 required each month to make a dent in the nation's 9.1% unemployment rate, which stood at 9.1% in July. The fragile U.S. economy is unlikely to gain much momentum until hiring accelerates. People who lack a job or are worried about losing the one they have spend less, giving businesses little incentive to hire in the face of slow sales. The lack of hiring has spurred government to offer extended benefits to millions of Americans over the past few years. About 7.34 million people received some kind of state or federal benefit in the week of Aug. 13, up 45,531 from the prior week. Total claims are reported with a two-week lag.