Jobless Claims Off 9,000 to 424,000

Sanchez, Humberto
May 2003
Bond Buyer;5/30/2003, Vol. 344 Issue 31646, p2
Trade Publication
First-time applications for state unemployment benefits fell 9,000 to 424,000 in the week before May 30, 2003, according to data released by the Labor Department on May 29. IFR BondData America's poll of economists had projected 420,000 in fresh claims. The four-week moving average, typically seen as a better gauge of unemployment, was 427,000, a decrease of 7,250 from the previous revised average of 434,250, which initially was reported as 433,000.


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