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Featured Advisor

Ed Meek
CEO/Investment Advisor

Edge Portfolio Management


State: IL

At Edge, a low client to advisor ratio allows for personal and customized service for each individual.  Our goal is to work as a team for each client to provide not only portfolio management but wealth coordination and financial planning.  We make every effort to have frequent communication with our clients and to provide timely response to calls and emails.  I also enjoy spending time with my wife and three kids, playing and following basketball, playing golf, and participating as an advisory board member for Breakthrough Urban Ministries.

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Initial Jobless Claims Below 400,000 for Second Week

Lowest level in seven months

| BY Donald Liebenson

Jobless claims fell to their lowest level in seven months in the week ending Nov. 5, the Labor department announced. The advance figure for seasonally adjusted initial claims was 390,000, a decrease of 10,000 from the previous week’s revised figure of 400,000, the lowest level since April 16. The four-week moving average, a less volatile number that flattens out week-to-week fluctuations in the data, was 400,000, a decrease of 5,250 from the previous week’s revised average of 405,250. The number of Americans filing for continuing unemployment claims during the week ending Oct. 29 was 3,615,000, a decrease of 92,000 from the preveding week’s revised level of 3,707,000. The four-week moving average was 3,690,250, a decrease of 19,500 from the preceding week’s revised average of 3,709,750. States reported 2,953,824 persons claiming emergency unemployment benefits in the week ended Oct. 22 (the most recent data available), an increase of 8,182 from the prior week. The total number of people claiming benefits in all programs ending Oct. 22 was 6,835,604, an increase of 51,900 from the previous week. The largest increases in initial claims for the week ending Oct. 29 were in Florida, Michigam, Minnesota, Oregon and Wisconsin. The largest decreases were in California, Nevada, New York, North Carolina, and Tennessee.

About the Author

Donald Liebenson

Donald Liebenson writes news and features for Millionaire Corner. He has been published in the Chicago Tribune, The Chicago Sun-Times, The Los Angeles Times, Fiscal Times, Entertainment Weekly, Huffington Post, and other outlets. He has also served as a marketing writer for Chicago-based Questar Entertainment and distributor Baker & Taylor.  

A graduate of the University of Southern California, he is married with a college-age son. He also writes extensively about entertainment.