WASHINGTON – The number of people seeking unemployment benefits rose last week to a seasonally adjusted 377,000, up from a nearly four-year low the previous week. But the longer-term trend is pointing to a healthier job market.
Applications have trended down over the past few months. The four week average has declined to 377,500. When applications fall consistently below 375,000, it tends to signal that hiring is strong enough to lower the unemployment rate.
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This depression is in its 5th year. Unemployment only lasts 1 1/2 to 2 years. The State is just running out of people who have any benefits left is all.
ReplyDeleteIt makes me laugh when I see that the numbers have been adjusted. Of course they have. At least the government is admitting to it now.
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