America

Jobless Claims Drop

There were 42,000 fewer first-time claims for unemployment insurance benefits last week than in the week before, the Employment and Training Administration just reported.

It says that:

"In the week ending Jan. 29, the advance figure for seasonally adjusted initial claims was 415,000, a decrease of 42,000 from the previous week's revised figure of 457,000. The 4-week moving average was 430,500, an increase of 1,000 from the previous week's revised average of 429,500."

While the decline is sizeable, it appears to be at least partly weather-related. The Associated Press notes that "applications had surged in the previous week after snow storms in the South disrupted work and led to temporary layoffs."

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.