Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Market
Jobless Claims In U.S. Fall Further Than Expected
WASHINGTON (8/30/13)--Initial U.S. claims for unemployment benefits declined more than forecast for the week ended Aug. 24, signaling continued improvement in the U.S. labor market (Moody's Economy.com and Bloomberg.com Aug. 29).
 
Claims fell 6,000--to 331,000 from 337,000 the prior week, the Labor Department said Thursday. Economists had predicted a drop to 332,000, according to a Bloomberg survey. 
 
The four-week moving average of claims inched upward to 331,250 for the week ended Aug. 24 from 330,500 the previous week--which is not a substantial increase and is the first since early July, Moody's said. 
 
Continuing claims for unemployment benefits decreased 14,000--to 2.989 million for the week ended Aug. 17.
 
Employers are maintaining their work forces as they prepare for escalating demand and improved growth when the effects of federal budget cuts and higher taxes start to diminish, Bloomberg said.  
 
Although companies have been averse to cutting jobs, they have not been as successful in creating new jobs because they are preparing for political battles concerning new health care laws, the Federal Reserve's intention to reduce its stimulus and the national deficit, said Bloomberg.
Other Resources

CUNA National Economic Data
RSS





print
News Now LiveWire
App puts #CUNAGAC in palms of attendees' hands #NewsNow http://t.co/piabPHIGb5
9 hours ago
App puts #cunagac in palms of #creditunion attendees' hands http://t.co/2XZC3LWw6Z
10 hours ago
Breaking at #NewsNow: @CUNA files amicus brief in Florida interchange case. http://t.co/gWSBjCtSD7
10 hours ago
What is the @NCUFoundation ? Watch this Foundation video: http://t.co/iC6XoInU7r
13 hours ago
Follow @cumagazine for even more #CUNAGAC live-action reports March 8-12 #creditunion #creditunions #UniteForGood
16 hours ago