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Claim Your Free Copy of Overtime Primer: Highlights from the New Regulations

The federal DOL overtime regulations go into effect this year. Are you ready?

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This report includes a summary of key changes, including the salary level test and salary basis test.

As a bonus, we've included a handy flowchart to help you determine exemption status under the FLSA.

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December 19, 2003
Unemployment Claims Fall

For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!

Fewer people filed initial claims for unemployment benefits last week, the Department of Labor reported.

In the week ending December 13, the number of initial claims dropped to 353,000 after seasonal adjustment, a decrease of 22,000 from the previous week's revised figure of 375,000. The four-week moving average, which smoothes fluctuations from week to week, was 361,750, a decrease of 2,250 from the previous week's revised average of 364,000.

Reuters reports that economists had expected significantly higher initial claims. The claims also remained under 400,000, a threshold economists use to evaluate whether the labor market is improving, Reuters notes.


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