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Featured Advisor

Kim Butler

Partners for Prosperity, Inc.

City:Mt. Enterprise

State: TX

I have 20+ years of handling alternative investments in cash, growth and income for clients nationwide.  I strive to help my clients with all things financial in every way possible over the phone and the web.  I own an alpaca farm which I enjoy working during my downtime.  I also enjoy gardening, writing and reading books.  I also train other advisors on Prosperity Economics.

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Claims for Unemployment Drop for Second Consecutive Week

Initial claims for unemployment benefits in the week ending Nov. 24 fell to a seasonally adjusted 393,000, a decrease of 23,000 from the previous week, the Labor Department reported. This is the second consecutive week that jobless claims decreased, an indication that the labor market, especially in the region impacted by superstorm Sandy, may be stabilizing. But analysts caution it may still be weeks before Sandy is not a factor. Job creation in the coming weeks may also be affected by concerns over the as yet unresolved fiscal cliff. The four-week moving average, a less volatile number that flattens out week-to-week fluctuations in the data, was 405,250, an increase of 7,500 from the previous week. The number of Americans filing for continuing unemployment claims during the week ending Nov. 17 was 3,287,000, a decrease of 70,000 from the preceding week. The four-week moving average was 3,296,250, an increase of 6,250 from the prior week. States reported 2,119,054 persons claiming emergency unemployment benefits for the week ending Nov. 10, a decrease of 37,451 from the previous week. There were 2,972,894 claimants in the comparable week in 2011. The total number of people claiming benefits in all programs for the week ending Nov. 10 was 5,182,815, a decrease of 58,623 from the prior week. The largest increases in initial claims for unemployment benefits for the week ending Nov. 17 were in Florida, Kentucky, Massachusetts, Michigan and Minnesota. The largest decreases were in California, New York, North Carolina, Oregon, and Pennsylvania.