Roanoke Times Copyright (c) 1995, Landmark Communications, Inc. DATE: FRIDAY, December 10, 1993 TAG: 9312100158 SECTION: BUSINESS PAGE: B-11 EDITION: METRO SOURCE: DATELINE: WASHINGTON LENGTH: Short
The Labor Department said 335,000 people filed applications for benefits during the week ended Dec. 4. The previous week, claims dropped 17,000, in part because Thanksgiving left the unemployed with fewer days to file.
A four-week moving average of claims fell 5,750 to 333,500, an eight-week low. Analysts consider this measure a better indication of labor trends than the volatile weekly number.
Since the start of October, this average has fluctuated in a relatively narrow range between 330,000 and 350,000.
Economists think the job market is improving, if unevenly, despite the recent trend in claims and the continuation of layoffs by big companies, such as Xerox Corp., which announced plans Wednesday to shed 10,000 employees.
- Associated Press
by CNB