Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Market
Jobless Claims Remain Near Six-year Low
WASHINGTON (9/20/13)--Initial claims for U.S. unemployment benefits last week remained near a six-year low, although tallies may be skewed because of ongoing reporting irregularities caused by computer-system conversion problems in California and Nevada (The Wall Street Journal, Bloomberg.com and Moody's Economy.com Sept. 19).
 
Claims rose 15,000--to 309,000--for the week ended Sept. 14 from one week earlier, the Labor Department said Thursday. Economists had forecast an increase to 330,000, according to a Bloomberg survey.  
 
Fewer job cuts going forward could pave the way for bigger job gains in hiring and an expansion of consumer spending, which constitutes 70% of the U.S. economy, Bloomberg said.
 
The labor market is definitely improving, meaning initial jobless claims appear to be influenced by more than just processing problems, Brian Jones, senior U.S. economist at Societe Generale in New York, told Bloomberg.
 
Meanwhile, continuing claims for unemployment benefits dropped 28,000 for the week ended Sept. 7--a 481,000 decline year over year.
Other Resources

CUNA National Economic Data
RSS





print
News Now LiveWire
#NewsNow: @CUNA-CFA survey results suggest 3-3.5% increase in holiday spending. http://t.co/GjcDvvwfzy
12 hours ago
.@WOCCU promoted financial inclusion as a sustainable development goal at two separate @UN events this month.
13 hours ago
Colo. authorities OK first-ever #marijuana-focused CU #NewsNow http://t.co/77qj6O3bcu
13 hours ago
.@Vancity busts some Black Friday retail myths http://t.co/q8Wht3CcRc
13 hours ago
Things get hairy at #creditunions during #Movember http://t.co/Hc6tYRMSY8
15 hours ago