Unemployment data is in for the country and it includes the four week period from Thanksgiving Day to the Christmas holiday. The US has seen a weekly decline in jobless numbers, as applications for unemployment benefits decreased nationwide.
The weekly numbers decreased by 42,000 to a seasonally adjusted 338,000. The numbers for the four week period rose by 4,250 to 348,000, which is almost negligible, considering how volatile this period normally is.
Pennsylvania has the second largest decrease in applications for unemployment aid of all the states. The states saw applications for unemployment benefits fall by almost 11,000, while New York, which was first, experienced a decline of over 12,000.
The states reports that the decline was do to less than expected jobs losses in transportation and construction. Which makes senses because the state is pushing to complete the bridge and roadway repair and rebuilding projects. There is also a construction boom due to the hockey arena tax zone.
Taken all together this means less seasonal layoffs, leading to more worker still employed in the transportation and construction industries.