Gallup: The Unemployment Rate Is Collapsing

[DCBob]

34. Not really.. those weekly numbers jump all over the place..

The 4 week average is the one to watch.. its still in a reasonably low range.. 365,500.

From Reuters..

Initial claims for state unemployment benefits rose a greater-than-expected 46,000 last week to a seasonally adjusted 388,000, the Labor Department said. But the department cautioned that data over the past two weeks appeared distorted by a shift in the way one state was reporting its claims figures. A four-week moving average that smoothes weekly volatility fell from a month earlier, suggesting the lackluster recovery in the job market was on track.

"Things are getting better in the labor market, but only slowly," said Yelena Shulyatyeva, an economist at BNP Paribas in New York.

http://www.reuters.com/article/2012/10/18/us-usa-economy-jobs-idUSBRE89H0NI20121018