[jsfg_cinti] Article: Jobless claims dip ahead of jobs report

Dear JSFG Folks,

Here's an interesting article about the labor market. 
While the news is somewhat mixed, unemployment remains
low and claims for unemployment benefits (both first
time and continuing) are down.  

Also, it is interesting that the Monster.com
Employment Index increase by 5.4% to reach a record
high.  And that it is up 20 points over last year at
the same time (about 13% higher).  

This is good news for the job seeker.  Think positive!

Regards,
Lance

------------ Begin article excerpt ----------------
http://www.reuters.com/article/economicNews/idUSN0837496120070308
or
http://tinyurl.com/3yobpo

Jobless claims dip ahead of jobs report
By Dean Patterson, Thu Mar 8, 2007 3:47PM EST

WASHINGTON (Reuters) - Workers filing for initial
unemployment benefits fell 10,000 to a seasonally
adjusted 328,000 last week, a government report said,
to a slightly lower level than Wall Street expected.

...

"We continue to judge the labor market as healthy.
There are downside risks from construction, auto and
even subprime lenders if more of them go bankrupt and
lay off people," said Michelle Meyer, an economist at
Lehman Brothers in New York.

...

A gauge of U.S. online labor demand jumped in February
to a record high, with the steepest gains in the
utilities sector and transportation and warehousing, a
report showed on Thursday.

Monster Worldwide, a global online careers and
recruiting firm, said its Employment Index rose to 177
in February from 168 in January -- a jump of 5.4
percent. It was 157 a year earlier.

"The significant jump in February marks the Monster
Employment Index's largest monthly increase on record,
and indicates a sharp rebound in online job
availability following January's weaker-than-usual
results," said Steve Pogorzelski, group president of
Monster Worldwide Inc. (MNST.O: Quote, Profile,
Research).

The February figure shows a surge in intended hiring
that should be felt in March payrolls, Pogorzelski
said.

...

The jobless rate is expected to remain at 4.6 percent
and the average workweek also staying flat at 33.8
hours.

------------ End article excerpt ----------------
 
 
 
 
 


 
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