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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

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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By Frank Ahrens  |  September 24, 2009; 8:43 AM ET
Categories:  The Ticker  | Tags: jobless claims, unemployment  
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Next: Wall Street Opens Up After Jobs News


Boy that is GREAT news!!!! Only 530,000 more people lost their jobs last month.

What kind of world do lib--turds and their azzz kissing friends in the press live in where it is "good news" when over half a million people just got added to the list of the unemployed.

Pucker up you ignorant trolls.

Posted by: Bcamp55 | September 24, 2009 9:36 AM | Report abuse

The old struggle between freedom and despotism continues and will continue. Freedom adapts to modern needs and where there is a need there is a fortune. There are lots of needs, so go after it.

Posted by: Dermitt | September 24, 2009 9:51 AM | Report abuse

Nooooo... me want obama fail him hitler me no
want him fix econamy bush destroyed with iraq and no bid contracs to chenies friends

bush have giant testicle him nuke everybuddy israel say to nuke

obama sissy him no nuke anyone just want healthe insurance

me want bush back or pallin, she have giant testical too, she nuke everyone who no do what isreal say

Posted by: DaveMiner | September 24, 2009 10:39 AM | Report abuse

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