March 11th, 2010
09:12 AM ET

Jobless claims edge lower

The number of Americans filing for first-time claims for unemployment insurance fell last week, the Labor Department said Thursday.

There were 462,000 initial claims filed in the week ended March 6, down 6,000 from the previous week's downwardly revised 468,000, the Labor Department said in its weekly report.

A consensus estimate of economists surveyed by Briefing.com expected claims to drop to 460,000.

The 4-week moving average of initial claims, which levels out volatility, was 475,500, up 5,000 from the previous week's downwardly revised average of 470,500.

The number of people filing continuing claims rose to 4,558,000 in the week ended Feb. 27, the most recent data available. That was up 37,000 from the preceding week's upwardly revised 4,521,000 claims. Economists were expecting continuing claims to remain unchanged at 4,500,000.

Read full CNNMoney.com story

soundoff (2 Responses)
  1. Dave in Connecticut

    I really would like to know where they get their information for these claims. The economy is not getting better and people are poorer now than 4 years ago. The prices for things are going up yet pay stays the same, and the jobs people have to take are less money, with less benefits. I think they make up stories to fool the American public into thinking things are getting better when they are not. Create the illussion and people will believe and go out and spend money. Not this American.

    March 12, 2010 at 4:01 pm | Report abuse |
  2. Dave in Connecticut

    Can the numbers for the data be munipulated? Like thats never happened before.

    March 12, 2010 at 4:03 pm | Report abuse |