initial unemployment claims

11:29am

Thu March 15, 2012
MTSU Economist Cautiously Optimistic

Tenn. Initial Jobless Claims Hit Four Year Low

MURFREESBORO, Tenn.  (AP/WMOT) — Fewer people sought U.S. unemployment benefits last week, adding to signs that the job market is strengthening.

A U.S. Department of Labor report out Thursday shows that applications for unemployment dropped by 14,000 applicants to a seasonally adjusted 351,000.

Here in Tennessee initial jobless claims have dropped to their lowest point in four years. The state saw just over 6100 claims in February, the lowest reading since February, 2008.  Applications hit their peak in April, 2009, when more than 13,400 Tennessee’s made an initial claims.

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