New Weekly Jobless Claims Down 21,000
New jobless claims filed last week came in at 530,000, a figure that is 21,000 lower than than the week before.
Continuing claims -- people who have been on unemployment for some time -- decreased last week to 6.14 million from 6.26 million the week before, the Labor Department said.
Last week's number for new jobless claims was the lowest it's been since the week ending July 11.
The four-week moving average for new jobless claims is down 11,000 as well.
The official national unemployment rate stands at 9.7 percent and rising. Most economists and the White House expect the rate to crest somewhere above 10 percent. After that, it's likely to hang there for a while before coming back down because it's unclear where job creation is going to come from.
-- Frank Ahrens
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September 24, 2009; 8:43 AM ET
Categories: The Ticker | Tags: jobless claims, unemployment
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