Layoffs stabilizing?
Jobless claims lowest since Sept 15th.
WASHINGTON, Nov 8 (Reuters) - U.S. Labor Department report of initial state jobless benefit claims, seasonally adjusted.
Week Ended Initial Claims 4-Week Avg. Continued Claims
11/03/01 450,000 487,250 Unavailable
10/27/01 496,000-r 496,000-r 3,724,000
10/20/01 507,000-r 505,750-r 3,690,000-r
10/13/01 496,000 493,000 3,638,000-r
REVISIONS:
INITIAL CLAIMS: Oct 27 from 499,000; Oct 20 from 509,000
FOUR-WEEK AVERAGE: Oct 27 from 497,250; Oct 20 from 506,250
CONTINUED CLAIMS: Oct 20 from 3,692,000; Oct 13 from
3,637,000
STATES WITH DECREASE IN CLAIMS OF MORE THAN 1,000:
Five states reported decreases in claims of more than 1,000 in the week ended Oct 27, the latest period for which the data are available. Among the largest were:
California -4,473
Kansas -2,105
STATES WITH INCREASE IN CLAIMS OF MORE THAN 1,000:
Ten states reported increases in claims of more than 1,000 in the week ended Oct 27, the latest period for which the data are available. Among the largest were:
Michigan +3,895
North Carolina +3,257
Georgia +3,162
Virginia +1,763
FORECAST:
Reuters survey of economists forecast: U.S. jobless claims of 504,000 for Nov. 3 week.
COMMENTS:
California said it had fewer layoffs in the construction, wholesale trade, retail trade, service and in the motion picture industry. Kansas had fewer layoffs in the transportation, trade and manufacturing industries. Michigan said it had more layoffs in the automobile industry. North Carolina had more layoffs in the textile, furniture and stone/clay/glass industries. Georgia reported more layoffs in the automobile, communications, and fabricated metals industries. Virginia had more layoffs in the textile, furniture, retail trade and air transportation industries.
Thursday, 8 November 2001 13:29:59
