Weekly Unemployment Aid Applications Plunge
Well of course it’s that time again. It’s time for your unemployment aid update.
Applications for jobless benefits fell by 22,000 for the week ending February 23, bringing the total to 344,000, down from last week’s revised figure of 366,000, the Labor Department announced on Thursday.
The four-week moving average, a “less volatile” figure, fell by 6,750, bringing the total to 355,000, down from last week’s revised average of 361,750.
“The advance seasonally adjusted insured unemployment rate was 2.4 percent for the week ending February 16, a decrease of 0.1 percentage point from the prior week’s revised rate,” the report reads.
“The advance number for seasonally adjusted insured unemployment during the week ending February 16 was 3,074,000, a decrease of 91,000 from the preceding week’s revised level of 3,165,000. The 4-week moving average was 3,155,000, a decrease of 35,500 from the preceding week’s revised average of 3,190,500,” the report adds.
The states with the largest increases in initial claims for the week ending February 16 were California (+26,683), Connecticut (+1,747), Massachusetts (+883), and New Mexico (+5).
Meanwhile, Illinois (-3,285), Kansas (-3,114), Pennsylvania (-2,865), Florida (-2,442), and Ohio (-2,265) posted the biggest decreases in initial claims.
“Initial claims continue to print in a narrow range with the downward trend of 2010 and 2011 having stalled,” Zero Hedge notes:
Follow Becket Adams (@BecketAdams) on Twitter
Front page photo courtesy Getty Images.
- ‘The Daily Show’ Creator Makes Outrageously Offensive Anti-Conservative Joke About Okla. Tornado 479 Comments
- Why Were DHS Agents Seemingly Monitoring Multiple Tea Party IRS Protests Across the Country on Tuesday? 422 Comments
- Confusion Erupts in IRS Hearing After Lois Lerner Tries to Plead the 5th — Watch It All Unfold 384 Comments
- CNN’s Wolf Blitzer Has Awkward Moment With Okla. Tornado Survivor After Asking If She ‘Thanked the Lord’ 303 Comments
- More Than $1 Million Raised Through Mercury One for Oklahoma Tornado Relief 266 Comments
- Comedian’s New Anti-Muhammad Video Excoriates Islamic Prophet, Juxtaposes Him with Jesus: ‘Very Wrong and Twisted’ 110 Comments
- Teacher Admits She ‘Prayed Out Loud’ During Violent Tornado: ‘I Did the Teacher Thing that We’re Probably Not Supposed to Do’ 112 Comments
- Farrakhan Talks of ‘Satanic Jews’ and ‘Synagogue of Satan’ at Detroit Church Speech — but Wait Until You Hear Who Was in Attendance 214 Comments
- Biden Praises Jewish Leaders for Helping Change Americans’ Views on Gay Marriage Read More
- Foreign Banks Operating on U.S. Soil Have Just Set a Record Read More
- The Tense Exchange Between Rep. Trey Gowdy and the Former IRS Head You’ve Been Waiting for…and It Doesn’t Disappoint 195 Comments
- Ex-Cincinnati IRS Manager: This Was Not the Work of ‘Low-Level’ Employees Read More
- China Sets off What Could Be the World’s Longest Demolition Read More
- The Incredible Role Facebook Played in the Aftermath of Devastating Okla. Tornado Read More
- Tech Company Demonstrates Remote Disabling of a ‘Smart Gun’ 111 Comments
- Meet the Blind Man Nicknamed ‘Midnight Gunslinger’ Who Has 80% Shot Accuracy Read More
- How a $4.5 Million Network of 181 Sirens Helped Save Lives in Oklahoma Twister Read More
- Inaugural tournament cut to 54 holes
- One block: How neighbors saw twister's deadly path
- Jennifer Lopez to open cellphone stores
- Kerry: US, allies ready to step up aid to rebels
- A divided Fed wrestles with when to slow bond buys
- Obama to honor Carole King at White House concert
- Twitter adds security measure to logins
- Key House chairman slams Senate immigration bill