The more stable four-week moving average of claims, which smooths out week-to-week fluctuations, fell by 9,000 to 367,250 last week, the best showing since the week ending Feb. 24, 2001. The unemployment rate dipped to 6 percent in October.
Weekly jobless claims fall
November 20, 2003
No Comments
The Labor Department has reported that for the week ending Nov. 15, new claims for jobless benefits declined by a seasonally adjusted
15,000 to 355,000. For seven straight weeks claims have been below the 400,000 mark.