JOBLESS CLAIMS DROP TO THE LOWEST LEVEL SINCE 2008!
NICE! DEFINITELY NICE!
Wire: BLOOMBERG News (BN) Date: Dec 22 2011 7:30:01
Jobless Claims in U.S. Decrease to Lowest Since April 2008
By Timothy R. Homan
Dec. 22 (Bloomberg) -- The number of applications for
unemployment benefits unexpectedly dropped last week to the
lowest since April 2008, a sign that the U.S. labor market is
strengthening heading into 2012.
Jobless claims fell by 4,000 to 364,000 in the week ended
Dec. 17, Labor Department figures showed today in Washington.
The median forecast of 45 economists surveyed by Bloomberg News
projected an increase to 380,000.
A consistent slowdown in firings lays the foundation for an
increase in employment that may bolster consumer spending, which
accounts for about 70 percent of the world’s largest economy. At
the same time, a possible recession in Europe and a political
stalemate in Washington regarding a payroll tax cut are making
some companies hesitant to boost hiring.
“Most of the recent improvement in initial claims is
genuine and points toward stronger job growth this month,”
Aaron Smith, a senior economist at Moody’s Analytics Inc. in
West Chester, Pennsylvania, said before the report. “The
economy is ending 2011 on a positive note.”
Economic Event | Period | Economic Survey | Actual Reported | Original Prior | Revised Prior |
Chicago Fed Nat Activity Index | NOV | -0.17 | -0.37 | -0.13 | -0.11 |
GDP QoQ Annualized | 3Q T | 2.0% | 1.8% | 2.0% | - |
Personal Consumption | 3Q T | 2.3% | 1.7% | 2.3% | - |
GDP Price Index | 3Q T | 2.5% | 2.6% | 2.5% | - |
Core PCE QoQ | 3Q T | 2.0% | 2.1% | 2.0% | |
Initial Jobless Claims | DEC 17 | 380K | 364K | 366K | 368K |
Continuing Jobless Claims | DEC 17 | 3600K | 3546K | 3603K | 3625K |
Season Greetings! Happy Holidays! Merry Christmas! Happy Hanukkah! Joyous Kwanzaa!
Boudin Chaud. Cous Cous Froide. Allons Tigres--Poussez Poussez Poussez
John Broussard
Assistant State Treasurer
Chief Investment Officer
State of Louisiana
Department of the Treasury
Ph: 225-342-0013
Fx: 225-342-9721
Email: jbroussard@treasusry.state.la.us
Street Address:
445 North Blvd, 7th Floor
Baton Rouge, LA 70802
Mailing Address:
P.O. Box 44154 Capitol Station
Baton Rouge, LA 70804-4154
Physical Location:
One City Plaza, 7th Floor
Corner of North Blvd & 4th Street
Exit 1B I-110 Convention Street, Turn Left to get to North Blvd
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