Finance Initial jobless claims dip
- Author: Larry Hoffman Mar 17, 2017,
Mar 17, 2017, 1:17
For the week ending March 11, initial claims for unemployment insurance fell by 2,000 to 241,000, seasonally adjusted, a result largely in line with analyst expectations, and retracing a small part of the prior week's jump.
The four-week moving average rose slightly to 237,250 from 236,500 the previous week. In January 2016, the rate was 4.5 percent.
Clark said year-end hiring typically increases in the fourth quarter.
Additional survey data on job openings and labor turnover released Thursday by the U.S. Bureau of Labor Statistics showed 5.6 million job openings on the last business day of January, with the rate of job openings at 3.7 percent, unchanged from December. In January 2016, the rate was also 7.1 percent.
The number of people continuing to receive jobless benefits fell by 30,000 to 2.03 million in the week ended March 4, the fewest since the period ended December 3. There was no change year-over-year.
The number of jobs increased by 6,500, or 0.1 percent, to 4,442,200.
Yellen noted that jobs have gained and the unemployment rate has seen continued declines in the first two months of 2017. The number of unemployed residents rose by 797 to 4,500, while the number of employed residents increased by 387 to 58,856. (Karen Lentz/MEDILL) Continuing claims in IL were up 2,282 for the week ended February 25 from the previous week, but down by 6,980 from a year ago.
"Over the year, January to January, the number of jobs actually increased by 96,800 and this is the largest January-to-January job growth on record in Atlanta", Hall said. The national growth rate was 1.6 percent. Most of the increase came in manufacturing and administrative and support services. In January, 2,692 new job openings in the Northwest Georgia region were posted on Employ Georgia.