Jobless Claims: The Hope of Less Misery

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By Douglas A. McIntyre Updated Published

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The jobs data is not getting better yet.  This last week’s jobless claims increased by an adjusted 8,000 to 652,000 in the March 21 week.  Last week’s jobless claims were revised to 644,000.  There may be some hope though as the four-week average actually fell last week for the first time in almost 3 months.

The four-week average came in at 649,000, a drop of 1,000 jobless claims.  The continuing jobless claims managed to rise again.  The number of people who are collecting benefits more than a week jumped by another 122,000 to a new high of 5,560,000.

The unemployed have arguably become the largest city of want-to-be workers in America.

Jon C. Ogg
March 26, 2009

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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