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Featured Advisor



Asset Preservation Advisors




City:Atlanta

State: GA



BIOGRAPHY:
APA’s philosophy is to work closely with our clients to develop an in-depth understanding of their unique needs and objectives. We then customize a municipal bond portfolio that best meets their specific goals and needs. APA manages high quality municipal bond portfolios in four strategies: Short-Term, Intermediate-Term, High Income, and Taxable.

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Jobless Claims at Highest Level in More Than Two Months

Tropical Storm Isaac responsible for about 9,000 claims for unemployment benefits

The Labor Department reported Thursday that 382,000 people filed first time jobless claims in the week ended Sept. 8, an increase of 15,000 from the previous week’s revised figure of 367,000, and the highest reading since the week ending July 14. The four-week moving average, a less volatile number that flattens out week-to-week fluctuations in the data, was 375,000, an increase of 3,250 from the previous week’s revised average of 371,750. Initial claims for unemployment benefits were inflated by about 9,000 due to Tropical Storm Isaac, the Labor Department said. The number of Americans filing for continuing unemployment claims during the week ending Sept. 1 was 3,283,000, a decrease of 49,000 from the prior week. The 4-week moving average was 3,316,500, a decrease of 7,500 from the preceding week. States reported 2,223,071 persons claiming emergency unemployment benefits for the week ending Aug. 25, a decrease of 40,543 from the prior week. There were 3,066,671 claimants in the comparable week in 2011. The total number of people claiming benefits in all programs for the week ending Aug. 25 was 5,391,576, a decrease of 78,465 from the previous week. The largest increases in initial jobless claims for the week ending Sept. 1 were in Iowa, Michigan, Nevada, Pennsylvania, and Texas. The largest decreases were in Florida, Georgia, New Jersey, North Carolina, and Puerto Rico.