Friday, May 11, 2012

Tennessee Initial Unemployment Claims 

Initial claims for unemployment insurance plunged in April following a March increase. Seasonally adjusted initial claims dropped to a weekly average of 5,112, the lowest level since well before the recession. The less volatile moving average (trend) also declined, reaching the lowest level since April 2006. Fewer initial claims are a signal that fewer employers are cutting their workforce, setting the stage for additional job growth. [Tracking Tennessee's Economic Recovery]