Initial unemployment claims rise further
Thursday, August 21st, 2008
The four week moving average for initial unemployment claims rose again this week, notching up from 438,500 in the August 9 week to 445,750 last week.
The headlines say this week’s claims fell 13,000 versus to 432,000, but that’s just because last weeks number was revised up to 445,000.
This time a year ago, 326,000 people filed for unemployment.