Jobless claims plummet to 14-month low

NEW YORK (CNNMoney.com) — The number of first-time filers for unemployment insurance fell to 466,000, the lowest level in 14 months, according to a government report released Wednesday.

That’s the lowest number in the Labor Department figures since the week ended Sept. 13, 2008, and a decrease of 35,000 from the previous week’s 501,000.

A consensus estimate of economists surveyed by Briefing.com expected 500,000 new claims in the week ended Nov. 21.

The 4-week moving average of initial claims was 496,500, down 16,500 from the previous week’s average of 513,500.

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36 Responses to “Jobless claims plummet to 14-month low”


  1. 1 Ciara Pedroncelli November 25, 2009 at 5:38 PM

    I have very mixed feelings about this article. It is definitely nice to see that the number of files claimed for unemployment decreased. It is especially nice to see that California had the greatest decrease since California has seemed to be one of the states that has been hit the hardest by this economy. I just wonder how serious this is. This is the first time in over a year that it has decreased plus it did not decrease by a large amount. I think that we unfortunately still have awhile to go before things for the country really start looking up. More actions need to be taken by the government and to be honest, as painful as it is, the American people just have to be patient. The economy will not just improve right away. It takes time and the country just needs to do its best to hold on until things really get better.

  2. 2 Genine Lobo November 29, 2009 at 3:31 PM

    This is great news for the US economy, especially for California. However, as Ciara said, although this is a good start, there certainly needs to be more government action taking place and we still need to be patient. This was the first time there was a drop in jobless claims, and hopefully this trend continues even after the holiday season when seasonal hiring ends.

  3. 3 Jacqueline Guerrero November 30, 2009 at 1:51 PM

    I feel like this article contains good news and bad news for the economy. The good news is that there is a decrease in jobless claims, especially for California. Which is good since our state has suffered a lot compared to many others. It is also good to hear that President Obama is taking action and dealing with this situation. However, the bad news is that the US economy is still struggling and it does not look like it will be getting better anytime soon.

  4. 4 Kathryn Koller December 1, 2009 at 1:48 AM

    This is promising. It is a baby sign we are finally on the road to recovery! I’m hoping it just doesn’t relapse. But any improvement is good to see. We’ve been struggling for so long and for a while it just seemed like we were getting lower and lower. So this is the little boost we need to know we can keep going and eventually we will get out of this.

  5. 5 Samantha Vavricka December 1, 2009 at 10:34 AM

    It’s good to see these kind of headlines again. Even though it’s a small step, it’s a step in the right direction. Hopefully our economy can sustain this and start moving in the right direction.

  6. 6 Michelle Benton December 1, 2009 at 12:20 PM

    It is amazing to even see the numbers that they are considering “better.” These numbers are hard to believe. I am sure the economy is coming to an even point where they won’t have many more people to lay off. Businesses that are still afloat still need people to keep them producing so at some point there won’t be jobs to lose I guess. Maybe this is the sign that tells us that we are approaching that point.

  7. 7 Cole Norton December 1, 2009 at 3:03 PM

    This is a surprising article because this is the lowest amount of people filed for unemployment since September of last year. While this number is significantly lower than previous months, it is still incredibly high for this to be considered “better”. I agree that the economy is still a long way from fully recovering and patience is definitely something we will need in the next few months, and probably next few years. The government thus far has done very little to help the economy, and I hope Obama starts holding true to all those promises he gave during his campaigning speeches, or this could take many years.

  8. 8 yvonne December 1, 2009 at 5:17 PM

    It’s great news when you hear less people are filing for unemployment. But what are they really talking about here? Are they just counting first time filers? how many of those first timers have refiled? and how many of them were able to file? honestly the filing system sucks. If you answer anything wrong the whole file goes to crap and it takes even longer to get through the process if allowed. I don’t beleive the numbers are really changing much but if it is “great”. What we really need to focus on is how many people have gone back to work? As we speak people are still getting laid off and unfortunately (or fortunately for them) will be filing for unemployment.

  9. 9 Vina Giang December 1, 2009 at 8:49 PM

    I think this is great news because i know at least 4 people that have claimed that they are jobless and the process of actually getting a check for unemployment is pretty serious now, so hearing that people are now beginning to get jobs and not claim they are jobless is a plus for California especially.

  10. 10 eldiel December 2, 2009 at 4:55 PM

    I think this is a step in the right direction. As yvonne stated there are always problems that occur with the filing process as well as the people who answered things wrong, but this news comes as change that something is happening. Maybe this is a boost to convince everyone else that the economic problems are slowly getting solved. As Cole said these numbers are the lowest since september last year, but are still incredibly high. But the economy isn’t something that can be fixed instantly, It took Bush’s entire term to get problems as bad as possible. I too hope Obama remains true to his promises that a brighter day will come.

  11. 11 nicholas joy December 2, 2009 at 7:42 PM

    it is good to see that unemployment rates are dropping but at the same time numbers are still very high. with almost half a million unemployed we still have a long way to go. it will be interesting to see if these numbers continue to decrease or if they just fluctuate in the months to come.

  12. 12 Nubia Cazares December 2, 2009 at 7:49 PM

    Like everyone else has said, it is good and bad news. It is great that claims for unemployment have decreased. This is a great start, but unfortunately there is still a lot to be done. the But there is still a lot to be done. The unemployment rate has to lower down, which means that people have to get more jobs. It is great to hear that there are fewer claims which means that less peoplea are unemployed, but as I mentioned before there is still a lot to get done in order to bring this economy out of the recession we are in.

  13. 13 Hyo Kim December 2, 2009 at 9:12 PM

    I was reading one of economy megazine, and I was really surprised it saying,
    ‘U.S. needs to add 150,000jobs a month just to keep the jobless rate from rising.’
    We also have to know that there are millions of new people are keep adding on the jobless rate every month.

  14. 14 Kaitlin E December 3, 2009 at 10:23 AM

    This will sound repetitive, but I see this as a good sign of improvement, while recognizing that we still have a ways to go before everyone can feel as though this recession is truly over.

  15. 15 Matthew Abang December 3, 2009 at 12:30 PM

    The Christmas shopping season can be good for those who are looking for work. Many department and other retail stores often could use extra help. Remember though that people may have simply stopped looking for work. The Labor Department does not keep track of these numbers. We should be happy about this claim, but cautious at the same time. We will get through this crisis, but there needs to be changes. The government needs to keep taxes low so jobs can be created.

  16. 16 Larry Oppenheimer December 4, 2009 at 12:11 AM

    Although it is certainly true that it is a small step out of a big mess, I am particularly encouraged that it not only represents a 14-month low, but also shows week-to-week improvement. This gives me at least a whiff of hope that maybe it represents an actual upward trend (or a less downward one, anyway).

    Frankly, it’s not going to be easy to hang in until this is all more or less overwith.

  17. 17 Josh Highness December 4, 2009 at 5:49 PM

    This is great, for the “first time” filers that is. It only one facet of the unemployment problem. And looking at the first time unemployment I’m assuming implies that those with once stable jobs are now jobless. Hopefully the small change though will stimulate people to actively search for jobs instead of claiming for unemployment.

  18. 18 Francine Zumbo December 5, 2009 at 4:13 PM

    This article has good news because the jobless claims is less but i still don’t think our economy is doing much better. We still have a long way to go. For now its great people are finding jobs.

  19. 19 Justin Castro December 5, 2009 at 6:34 PM

    This article leaves me with both positive and negative thoughts. Although it is great news to hear that the number of jobless claims is going down, but the numbers that are being considered “good,” are not necessarily good, but just better than the terrible figures we’ve been getting recently.It is also good to see that President Obama is working hard to make these numbers even smaller, but it is apparent that there is still a lot of work that needs to be done.

  20. 20 Samantha Fagundes December 5, 2009 at 11:59 PM

    I agree with what basically everyone else has said. This is both a good and possibly bad thing. This is a small step but positive for our economy.

  21. 21 Carling December 6, 2009 at 3:42 PM

    This article is bittersweet. Our country is taking the steps in the right direction to get ourselves out this huge mess, but at the same time, there is a lot of work that needs to be done. Hopefully the economy will continue to improve, slowly but surely.

  22. 22 Jorge Clavijo December 6, 2009 at 6:15 PM

    We are recovering from horrible times; little by little our leaders in our country are showing us a right path to follow and to move on as a global leader in economics. Hopefully we will continue progressing on our economy.

  23. 23 Martin M December 6, 2009 at 10:15 PM

    I myslf have mixed feelings about the article. HUGE HUGE HUGE imprvement for our economy but we still need to put an end to all our struggles to this economic issue. If we continue to do what we are doing, positivly, we will soon be out of this economic problem

  24. 24 Lukas Bradvica December 6, 2009 at 10:32 PM

    This article shows that we as a nation are taking a step in the right direction. Its a good sign that less and less people are applying for unemployment. This means that both people are holding their current jobs and also that people are able to find jobs.

  25. 25 Sarah Reddell December 6, 2009 at 10:44 PM

    This is great news for our economy yet i still feel it is only a small step in the right direction. I am curious to know what caused this decline. I wonder if some of the jobs people are occupying are not up to par for the education and experience some people have. I know of a few people who lost their jobs as the economy tanked that have still yet to find a job. A couple of these people have mentioned their interest in a job that is at the same level as their previous job, not wanting to settle for something lower. How many other people are settling into jobs that do not require their advanced knowledge and expertise.

  26. 26 Chris Griffiths December 7, 2009 at 7:45 AM

    As stated earlier this is great news for both the national and Californian economies, however there is still a great deal more ground to make up because this many unemployeed individuals is unaceptable and we should be doing more to help these people especialy with the holiday season right around the corner.

  27. 27 wallacej December 8, 2009 at 4:26 PM

    Yes it is nice to see the number of claims for unemployment decrease. We cant just settle on this though becuase there is much more that still need to be done. This does show improvement which is a step in the right direction. Sometimes it is hard to believe.

  28. 28 Britany Linton December 8, 2009 at 5:39 PM

    I agree with what Jacque said that this article contains good news and bad news for the economy. The good news is that there is a decrease in jobless claims, especially for California. this is good since our state has suffered much more compared to many others. It is also good to hear that President Obama is taking action and dealing with this situation. However, the bad news is that the US economy is still struggling and it does not look like it will be getting better anytime soon. The only thing loooking up is the unemployment rate settling down to a more natural rate of unemployment.

  29. 29 JamieB December 8, 2009 at 8:46 PM

    This article does have both bad and good news. The good news being that there are less jobless claims in the California, which is a step in the right direction for the economy. However, the bad news is that there were so many jobless claims in the first place. This is a step in the right direction, but the number is still very high.

  30. 30 Kyle Ray December 9, 2009 at 1:02 AM

    I don’t think that saying that jobless claims are plummeting is the best word choice. The change seems fairly minor to me, to be honest. But in light of the terrible recession that is (was) going on– any not-horrible news is good news?

  31. 31 Jennifer Tarbell December 9, 2009 at 12:27 PM

    Well first this articles numbers should be done in percentages and take into acount only the number of claims filled by people whos benifits havent ran out or have other reasons. maybe then we could really see where we stand on the real numbers of whos filling. Second with alot of jobs such as construction and other outdoor fields we must take into account that the unemployment rates are going to raise just because of the fact that its winter. But there is a glimmer of hope because people and companies are starting to realize something must be done and there are places that are opening up that will help employ alot of people. Las Vegas is now opening The Village which is a eco friendly high end compound which will employ approximately 8000 people. not to mention who wouldnt want to work in vegas? so there is hope for those unemployed.

  32. 32 Melissa Alexander December 10, 2009 at 6:47 AM

    It’s good to know that there are fewer jobless claims….I doubt that plummeting was the best way to put it. That makes it sound like everyone is going to have a job next week….lol…however, it is nice to see positive information about our job market and hopes of really getting out of this recession. Slow and steady wins the race.

  33. 33 Alexander Perez December 10, 2009 at 3:28 PM

    This could mean that employers have slowed down on lay offs of employees. Though the claims maybe down for one month, it doesn’t seem likely that the claims will remain on the decline for too long. There has to be a bigger effort on the government to created jobs. Extending federal aid for a couple of months only help a few and it doesn’t help the country in the long run.

  34. 34 Heinrick Devera December 11, 2009 at 5:46 PM

    It’s nice to see that the number of people that signed up for unemployment is decreasing. Even though the number is decreasing it still seems pretty high. If things continue this way, hopefully people can get a chance to relax for a bit. It might have something to do with people holding on to more of their money rather than spending. Then there’s also the government spending for things. Hopefully the economy can pull itself back together, but then I wouldn’t be surprised if things went wrong again before they get better.

  35. 35 Fr,K December 14, 2009 at 3:01 PM

    The fact that this is an all-time low in the last 14 months plus an improvement from the previous 4-week average, makes me think that this is not an anomaly and actually is the economy inching towards normal unemployment filing numbers. It is a slow process, creating jobs, much slower than the process of cutting jobs, and we need to remember that. We aren’t going to wake up one day with a massive sustained decrease in first time filers; slow and steady wins the race.

  36. 36 Joshua Lanuza December 24, 2009 at 12:23 PM

    This is news that I’m sure has been made more known. It is good to know that the struggles of the U.S. is getting better. It is good that it decreased 35,000 from the previous week of 501,000 which is a huge and wonderful difference for those hard workers.


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