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Investing November 26, 2003
Jobless Claims Figure Drops 11,000
November 26, 2003 (PLANSPONSOR.com) - The number of
Americans lining up for first-time jobless claims continued
its downward trend with an 11,000-claims drop last
week.
Reported by Fred Schneyer
According to the US Department of Labor (DoL), the claims figure for the week ending November 22 came in at 351,000, down from a revised 362,000. That follows a 15,000-claims drop for the week ending November 15 (See Jobless Claims Head South Again ).
The closely watched four-week moving claims average was also down for the November 22 week. The average dropped by 10,000 to 358,750 from a revised 368,750.
Finally, the number of Americans forced to cling to the jobless rolls because of difficulties in finding work also dropped – going down 105,000 for the week ending November 15 to 3.36 million, down from 3.44 million.
The DoL released the jobless numbers a day early because of the Thanksgiving holiday weekend.