November 12, 2009
Initial Jobless Claims Down 12K
By Matthew L. Brown
In the week ending Nov. 7, 502,000 Americans filed claims for unemployment benefits for the first time, according to the U.S. Department of Labor.
That's a decrease of 12,000 from the previous week's revised figure of 514,000.The 4-week moving average was 519,750, a decrease of 4,500 from the previous week.
The insured unemployment rate was 4.3 percent for the week ending Oct. 31, unchanged from the prior week.
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