Jobless Claims Down

For the week ended Feb. 28, 639,000 Americans filed initial jobless claims, down 31,000 from the 670,000 claims reported the previous week. The 4-week moving average of initial claims increased by 2,000 to 641,750 from the previous week. The number of Americans continuing on unemployment insurance dropped by 14,000 to 5,106,000, edging off the record high set the prior week.

Tomorrows unemployment report will be interesting.


16 Responses to “Jobless Claims Down”

  1. 1 Michael Huddleston March 7, 2009 at 7:44 PM

    I think it will be interesting to see how people cope with unemployment this year. I believe as a country we are resilliant when it comes to unemployment. It’s almost as if our early education breeds the entreprenuer instinct. I think we will see an all time record high in self-employed persons and starter businesses. I was watching the news on tv the other day and they mentioned the new generation is using unemployment to blog about their individual sistuations with the intent of writing books, contracting out services, ect. This blog is called unemploymentality:

  2. 2 samandrews March 10, 2009 at 11:47 AM

    I agree with the comment above. It seems that since Americans aren’t used to the unemployment factor they will find a way to avoid it. Unemployment is not a state we like to live in for too long. With the way people are being raised today, there’s no doubt they’ll be taking more initiative to navigating their own furures and managing their own businesses to keep them afloat.

  3. 3 NicoleMB March 10, 2009 at 5:38 PM

    Unemployment is a huge scary problem right now. Even jobs that seemed to be safe and secure, like government jobs, are becoming threatened as well. One thing that I’ve noticed and found interesting is a lot of outreach programs going on right now. A lot of news stations and newspapers have taken it upon themselves to have sort of job “telethons” where they get tons of information on jobs that are available right now and find ways to get that information out to the people. Maybe that’s helping? And I feel like maybe people are tired of being hopeless. In a time of despair like this maybe there’s only so long that you can handle certain things and try to make the best out of a bad situation.

  4. 4 Kit t Kat March 12, 2009 at 4:51 PM

    It’s good that joblessness has gone down. Working can be a pleasurable experience. When it is, it is not considered labor. It can be effortless and a vital part of life and the money is not as significant. Work then is a useful activity, because someone is being useful, honorable, compassionate, and making a difference. Work can bring satisfaction and is ethical. The US was built on the idea that people should do their share and make a positive contribution to society.

  5. 5 nancy moussa March 15, 2009 at 11:08 AM

    Lot’s of people are having the fear of or are actually having their jobs being taken away from them. In order to ne healthy people need work. Work helps build character. This unemployment issue needs to stop, we can’t be in for too long. Now college students are trying to get as much education as possible so having a job won’t be an issue for them when they graduate.

  6. 6 Houck24 March 15, 2009 at 4:11 PM

    Its good that the number has went down but is it because there are less jobs to be lost? Either way I guess its still good news either way. But it is still really frightening to hear that over 600,000 people each week are still losing there jobs.

  7. 7 btorres March 17, 2009 at 10:17 AM

    Lots of people are losing their employment,due to the fact of the bad economic situation in the U.S. When people loose thier jobs they open unemployment and the government pays them. They also need to find a new job, so they can pay their living expenses.

  8. 8 Claudio Ramirez March 17, 2009 at 11:25 AM

    The decrease in filing claims for unemployment is interesting and good for the simple fact that less people are on the unemployment aid but the numbers are still extremely high and will continue to be this way until change is made and more efficient jobs are reformed and created. Also, the numbers always tend to change from week to week especially during a recession so it is going to be interesting to see the stats for the weeks to come.

  9. 9 BeuWolf March 17, 2009 at 1:11 PM

    Those are some high numbers! OUCH. Good thing that the numbers of job loss claims slowed some. But interesting that the inital claims increased.

  10. 10 Keith C. March 19, 2009 at 10:19 AM

    It is odd to comment back on this post now that the current numbers are out but I think that I would have claimed this to be a temporary lowering of numbers, as it turned out. I would have said that just because I know two people who just got laid off and had to file for unemployment last week. Businesses are still hurting and consumers haven’t begun to start spending again, so we will continue to see this trend, unfortunately. As I commented in another post, I think we will see some positive news with the coming good weather though, we can hope at least.

  11. 11 quique March 19, 2009 at 8:53 PM

    I dont believe that people like living on unemployment however their are people that abuse the perks that living in this country offers. I cant tell you how many people I know who have really nice cars and still manage to collect unemployment and other benefits. Its just not fair to those who actually need the help from those programs.

  12. 12 Leonardo Sanchez ECON 101 April 29, 2009 at 3:05 PM

    Yes. i will say that since unemployment is up tht may not be an excuse for people to stay that way. I guess the saying is true

    \only the strong survive and the weak perish. What im trying to say is that Some of the unemployed make businesses in there area

    to make them selves self employed. There is always choices to
    make and to make life better becasue life itself isnt easy it is

    a puzzle and we need to build it in order to surive in any
    society not only America!

  13. 13 Matthew Dimech Econ-101 May 5, 2009 at 9:43 PM

    Classic signs that we as a nation are coming out of the recession. With many Americans finding jobs and receiving a close to regular revenue from them, this puts more money into the economy. What does this equal? End of the recession within the next year.

  14. 14 Audrey Hepburn May 11, 2009 at 5:01 PM

    Unemployment is scary to think about. So many people are going to college to get their degree thinking that once they graduate they will get a job but most are graduating with no job offers. Many people do not want to be unemployed and can not afford to live this way for long. In a later article many people are leaving California because they can not afford to live here and because there are no jobs.

  15. 15 Hyo Kim May 11, 2009 at 9:07 PM

    Before we worry about unemployment rate, we should worry about
    what are the factors that raising the unemploymenet rate.
    High tax may be the one of the reason that why this is happening.

  16. 16 Carl Hernandez May 22, 2009 at 2:58 PM

    Its good to hear that the unemployment rate is lowering but i think its just temporary and it will start to rise a little more. The job i use to work for is always hiring and laying off constantly and im sure there are other businesses like this. i have nothing to complain about unemployment benefits because i am collecting it myself but hopefully the claims start decreasing so that taxes can decrease as well.

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