1. Claims Calm Down

    Initial Jobless Claims Drops

    In this Wednesday, Oct. 3, 2012, photo, job hunter Bessie Soley, of Locust Grove, Ga.,  files out an application at the National Job Fair in Atlanta. The number of Americans seeking unemployment benefits rose to a seasonally adjusted 367,000, a level consistent with only modest hiring on Wednesday, Oct. 4, 2012. The Labor Department says applications increased last week by 4,000 from the previous week's level of 363,000. (AP Photo/John Bazemore)

    John Bazemore / AP Photo

    The Labor Department’s report on initial jobless claims – people filing for unemployment – showed a decrease of 23,000 to 369,000 for last week. The four-week moving average of claims, which is less volatile than the week-to-week number, moved to 368,000, an increase of 1,500 from last week’s average of 366,500. The four-week moving average is down more than 32,000 from this time last year, when it hit 400,750.

    Read it at Labor Department: