Media job openings may be up, but that doesn’t necessarily translate to a curing of the overall economy.
Weekly jobless claims last week fell 42,000 to 415,000, still well short of the sub-400,000 levels that economists say are necessary to indicate true recovery. The four-week moving average was 430,500, an increase of 1,000 from the previous week’s revised average of 429,500.
For the week ended Jan. 15, the most recent week data were available, a total of 9.3 million people were collecting some form of government unemployment benefits, including 3.6 million who had exhausted their regular state benefits and were receiving extra checks from the federal government.
The government reports official unemployment figures for the month of January tomorrow, and analysts are expecting to see some gains. ADP predicts that employment would increase by 187,000 while analysts polled by Bloomberg estimate job gains of 140,000.