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Investing January 24, 2002
Jobless Claims Dip Again
January 24, 2002 (PLANSPONSOR.com) - The number of
first-time applications for unemployment insurance continued
its downward trend in the week ending January 19, according
to data from the Department of Labor.
Reported by Camilla Klein
A sign that the economy may be climbing out of a trough, the figure fell by almost 4% to 376,000 from a revised 391,000 in the previous week. One year ago the initial claims figure was 311,000.
The four-week moving average, considered a better measure since it smoothes out weekly volatility, dipped to 404,250 in the latest week from 413,000 the week before.