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
Tech. advances don't dampen consumer #cybersecurity concerns #NewsNow http://t.co/HNn4Hojadv
11 hours ago
.@TheNCUA board unanimously voted today to designate board member Rick Metsger as vice chairman, effective immediately.
12 hours ago
We really want to hear from our readers. Please take the News Now survey: http://t.co/BYiQ5vr5Ob
14 hours ago
Advanced technologies don't quell cybersecurity fears #NewsNow http://t.co/ZJ20bimRvv
14 hours ago
.@CentralMaineCom reports #creditunions have issued thousands of new cards to proactively protect members from Home Depot data breach.
15 hours ago