1. Daily Economic Update
October 7, 2010
This was another positive week for the job market with the
number of new jobless claims falling by 11,000 to 445,000.
This is their lowest level since July 10th of this year. The four‐
week moving average, which tunes down weekly volatility in
the data, also fell by 3,000.
Jobless claims at this time last year stood at 531,000. The
number of continuing claims also fell by 48,000 to 4.462
million. Last year, this number was at 5.987 million.
The state by state analysis shows that largest decrease in the
new claims was in New York due to fewer layoffs in the
construction and service industries. In contrast, California
had the largest increase in new claims, additional 8,960
claims, due to layoffs in the service industry.
Produced by NAR Research