|Vice President Joe Biden talks with Lisa Monaco, Assistant to the President for Homeland Security and Counterterrorism, in the Rose Garden at the White House, May 1, 2013. |
The number of Americans making initial jobless
benefit claims following layoffs, fell by 18,000 to a seasonally adjusted
324,000 in the week ended April 27, the Labor Department said Thursday. It was a
5-year low -- to one month after the recession officially began in December
On Friday, the government will issue its
monthly employment report and economists usually see a drop in benefit claims as
a signal of increased hiring. However,
on Wednesday we reported that private sector job creation fell to
119,000 in April.
In the week ending April 27, the figure for seasonally adjusted
initial claims was 324,000, a decrease of 18,000 from the previous week's
revised figure of 342,000. The 4-week moving average was 342,250, a dip of
16,000 from the previous week's revised average of 358,250.
The advance number for seasonally adjusted insured unemployment
during the week ending April 20 was 3,019,000, an increase of 12,000 from the
preceding week's revised level of 3,007,000. The 4-week moving average was
3,055,500, a decrease of 18,000 from the preceding week's revised average of
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