La. 1st-time jobless claims decrease

(AP) — First-time claims for unemployment insurance in Louisiana for the week ending June 23 decreased from the previous week’s total.

The state labor department figures released Friday show the initial claims decreased to 3,633 from the previous week’s total of 3,806. The figure was lower than it was for the comparable week a year earlier, when there were 3,804 initial claims.

The four-week moving average, which is a less volatile measure of claims, decreased to 3,972 from the previous week’s total of 4,135.

Continued unemployment claims claimed for the week ending June 23 totaled 35,070, an increase from 34,698 the previous week. The four-week moving average for such claims increased to 34,036 from 33,257.

Comments

1) Comment by NewsReader - 29/06/2012

So if I understand these statistics right, while new claimants are dropping, the chances of finding employment for those currently (or newly) unemployed are getting worse considering the increase in the "continued" statistics cited?