• 388,000 the number of new jobless claims last week (the week of Christmas), the lowest it’s been in ages
• 07/12/08 the last time new jobless claims dipped below 400,000 in a week – in the midst of the housing crisis source

• » Is this a corner turned? It’s important to note that while weekly jobless claims figures aren’t exactly the end-all-be-all of unemployment statistics, the number has been headed in downward direction for weeks and is nearly 250,000 less than its peak in March 2009. While the numbers are seasonally adjusted, the Christmas holiday can have an effect on them, so it’s good to keep an eye on this number to see where it goes after the first of the year.

Posted by Ernie Smith • Permalink