Jobs
First Drop in Continuing Jobless Claims Since January
Published:
Last Updated:
The Labor Department has just released its weekly jobless claims data at 621,000. The prior week’s reading was revised to 625,000 from a prior reading of 623,000. The consensus estimates from Bloomberg were for 620,000 for this week’s data. This data is too in-line to matter, but there is a big silver lining in the army of unemployed workers.
The continuing jobless claims posted the first actual decline since the first week in January. The reading slid by 15,000 to 6.735 million. Keep an eye on this figure. If it can continue sliding, then the worst in the employment situation has either been seen or is very near.
Jon C. Ogg
June 4, 2009
The #1 Thing to Do Before You Claim Social Security (Sponsor)
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
