The Labor Department’s report on weekly jobless claims came in at 514,000, slightly better than the estimates of 520,000 from Bloomberg. Thi was based against a prior 521,000 unrevised and based on a 524,000 revised figure. This appears to be the lowest jobless figure since January, but again keep in mind that this figure has to get down closer to 400,000 before the unemployment’s rise will be stopped. The four-week average fell by 9,000 to 531,500. The army of the unemployed measured in the continuing jobless claims actually fell by 75,000 down to a reading under 6 million of 5,992,000.
This figures are hard to celebrate. At least they are not still rising endlessly as we saw during the first half of 2009.
JON C. OGG
OCTOBER 15, 2009
Take Charge of Your Retirement In Just A Few Minutes (Sponsor)
Retirement planning doesn’t have to feel overwhelming. The key is finding expert guidance—and SmartAsset’s made it easier than ever for you to connect with a vetted financial advisor.
Here’s how it works:
- Answer a Few Simple Questions. Tell us a bit about your goals and preferences—it only takes a few minutes!
- Get Matched with Vetted Advisors Our smart tool matches you with up to three pre-screened, vetted advisors who serve your area and are held to a fiduciary standard to act in your best interests. Click here to begin
- Choose Your Fit Review their profiles, schedule an introductory call (or meet in person), and select the advisor who feel is right for you.
Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.