New Jobless Claims Retreat
WASHINGTON (TheStreet) -- After hitting a nine-month high last week, new jobless claims dipped lower than expected, the Labor Department said Thursday.
The number of new applicants for state unemployment insurance fell by 31,000 to a seasonally adjusted 473,000 for the week ended Aug. 21. Initial claims data for the week prior also were revised subtly higher by 4,000 to 504,000. New claims were expected to tick lower to 485,000 from the prior week's pre-revised 500,000 total, according to Briefing.com. The half-million tally was the highest number of new claims since the fall of 2009.
The moving average of new claims over the past month, which tends to offer a more settled picture of the data against the gyrating week-to-week moves, rose higher by 3,250 to 486,750. But the number of those continuing to apply for jobless benefits slid lower to 4.456 million from 4.518 million.
--Written by Sung Moss in New York.
>To contact the writer of this article, click here: Sung Moss. >To submit a news tip, send an email to: tips@thestreet.com.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
