Jobless Claims
Weekly unemployment claims decrease in Illinois, economists remain cautious
Initial jobless claims nationwide fell 14,000 to a seasonally adjusted 631,000 last week, the U.S. Department of Labor announced Thursday. The four-week moving average was 637,250.
Illinois reported 3,803 fewer layoffs for some of its major industries, including construction and manufacturing. It trailed only Pennsylvania and Florida in decreased layoffs last week.
Economists are not celebrating last week’s drop-off.Read more
by jordan melnick on 30 Apr 09