Initial jobless claims dropped by 27,000 to 451,000 in the week ended Sept. 4, Labor Department figures showed today in Washington. The total number of people receiving unemployment insurance was little changed, while those getting extended payments rose....For the latest reporting week, nine states didn’t file claims data to the Labor Department in Washington because of the federal holiday earlier this week, a Labor Department official told reporters. As a result, California and Virginia estimated their figures and the U.S. government estimated the other seven, the official said.
The four-week moving average, a less volatile measure than the weekly figures, declined to 477,750 last week from 487,000, today’s report showed.
The number of people continuing to receive jobless benefits fell by 2,000 in the week ended Aug. 28 to 4.48 million. They were forecast to drop to 4.45 million.
The continuing claims figure does not include the number of Americans receiving extended benefits under federal programs.
Those who’ve used up their traditional benefits and are now collecting emergency and extended payments increased by about 29,300 to 5.47 million in the week ended Aug. 21.
Another good week for the Obama Socializing America plan. Wonder if they will improve when the nine states, including California and Virginia, are included.
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