The Labor Department said the seasonally adjusted figure of initial claims for the week ended Feb. 18 was 351,000 unchanged from the previous week, which was revised upward 3,000.
Analysts surveyed by Econoday expected 355,000 new jobless claims last week with a range of estimates between 330,000 and 363,000. Most economists believe initial claims lower than 400,000 indicate a strengthening employment situation. Claims have been lower than this threshold for most of the past four months.
The four-week moving average, which is considered a less volatile indicator than weekly claims, decreased by 7,000 claims to 359,000 from the prior week’s revised slightly 366,000.
The seasonally adjusted insured unemployment rate for the week ended Feb. 11 was unchanged at 2.7%, according to the Labor Department.
The total number of people receiving some sort of federal unemployment benefits for the week ended Feb. 4 fell to 7.5 million from 7.68 million the prior week.
County Properties, 25 years of brokerage experience, trust and a Member of the local Better Business Bureau! We offer free counseling in real estate regarding; home values and information on options of selling vs. Foreclosure.
Click here to get loan informationbefore the rates go up. To get started on viewing homes, condos, investment properties, pre-foreclosures, bank owned foreclosures (REO’s) or thinking of selling your property, please contact me today for free counseling at (619) 540-5811.
New Pro-Property Search. We will setup a customized search for you by our professional REALTOR® Team. Sit back relax and shop at home! We will make changes to your Pro-Property Search any time you like, just let us know. Have fun!
By the way…if you know of someone who would appreciate the level of service in real estate we provide, please call me or have them go to and I’ll be happy to follow up and take great care of them.

[iframe 780 2100]