September 25, 2003

Unemployment Insurance Claims

Thomas Stengle says that this week's UI claims number would probably have been 390,000 without the hurricane:

Providence Business News: The number of Americans filing for unemployment benefits fell for the second straight week, a government report showed, suggesting employers may be slowing the pace of firings as the economy gains momentum. First-time jobless claims fell to 381,000 in the week that ended Saturday from a revised 400,000 the week before, the Labor Department said in Washington. About half of the decline in new claims may have been because of Hurricane Isabel, said Thomas Stengle, a Labor Department spokesman...

And that means that next week's number will be too high by 9,000...

Posted by DeLong at September 25, 2003 07:54 PM | TrackBack

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