The seasonally adjusted unemployment rate was 4.93 percent in August, the national statistics agency said on Friday, above the 4.80 percent expected in a Reuters poll.
The Harvard Business School graduate has kept New York City (population: 8.4 million) afloat amid a staggering financial crisis and a seasonally adjusted unemployment rate of 10.6%.
Those numbers aren't adjusted for seasonality, but are still well above the 8.6% seasonally adjusted national unemployment rate.
This has cut the nationwide unemployment rate to a seasonally adjusted 4.6% of the workforce, the lowest it has been since 1973.
The Labor Department reported Thursday that new applications filed for unemployment insurance jumped by a seasonally adjusted 38, 000, to 407, 000 for the week ending March 29.
Claims for unemployment insurance dropped to a seasonally adjusted 509, 000, from an upwardly revised figure of 530, 000 for the previous week, well below analysts' estimates of 537, 000, according to a survey by Thomson.
The Labor Department reported that 365, 000 people filed for unemployment benefits last week on a seasonally adjusted basis, down 27, 000, which marks the biggest decline in almost a year.
The red line is the actual unemployment rate while the blue line is seasonally-adjusted.
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The Labor Department said 4, 000 fewer Americans filed for unemployment benefits last week, to a seasonally adjusted 444, 000.
Weekly applications for unemployment benefits leapt 38, 000 to a seasonally adjusted 368, 000, the Labor Department said Thursday.
While the Labor Department reported that applications for unemployment benefits rose 4, 000 to a seasonally adjusted 371, 000 last week, the most in five weeks, the overall trend suggests employers are hiring.
Initial claims for state unemployment benefits dropped by 19, 000 to a seasonally adjusted 366, 000.
Initial claims for unemployment insurance fell by 4, 000 to a seasonally adjusted 364, 000, according to the Labor Department.
The Labor Department said Thursday that weekly applications for unemployment benefits fell 18, 000, to a seasonally adjusted 324, 000.
The number of Americans filing for unemployment benefits last week remained unchanged, at a seasonally adjusted 374, 000, according to the Labor Department.
On the economic front, the Labor Department said the number of Americans filing first time unemployment benefits ticked up by 10, 000 to a seasonally adjusted 372, 000, while economists were expecting 360, 000 claims.
Weakness in the value of the dollar index Thursday may have been drawn from news that initial claims for state unemployment benefits increased by 15, 000, to a seasonally adjusted 381, 000 persons last week, surpassing expectations.
The Statistical Authority on Thursday showed unemployment in February stood at 27 percent of the workforce in seasonally adjusted terms.
The number of Americans filing for unemployment benefits dropped 12, 000 last week, to a seasonally adjusted 365, 000, according to the Labor Department.
Also on Thursday, the Labor Department said that the number of people seeking unemployment benefits shrank by 22, 000 last week to a seasonally adjusted 344, 000.
Today the Labor Department announced that the number of people applying for unemployment benefits jumped by 35, 000 last week, to a seasonally adjusted 445, 000, the highest level since late October, as holiday temps once again joined the workforce.
In notable economic news this week, new applications for unemployment benefits remained virtually the same with initial jobless claims coming in at a seasonally adjusted 374, 000 in the week ended August 25 according to the Labor Department.
Less people applied for unemployment last week according to the Labor Department, the number dropping by 22, 000 to a seasonally adjusted 391, 000.
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The weekly unemployment application data is often volatile, and a Labor Department spokesman said it can be difficult to seasonally adjust the figures during the Easter holiday, because the timing of the holiday varies from year to year.
If the seasonally adjusted rate for auto sales is now on the mend, he says, it's likely to mean unemployment, currently at 9.5%, will peak during the second half of 2010.
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