Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Market
Jobless Claims Rise, But Four-Week Average Drops
WASHINGTON (7/26/13)--Initial U.S. claims for unemployment benefits increased last week, but the four-week moving average of claims--which smooths out volatility--fell.
 
With annual automobile-plant temporary shutdowns and school closings this time of year continuing to impact jobs, last week's numbers indicate the recovery of the labor market remains uneven (The Wall Street Journal and Bloomberg.com July 25).
 
Last week's claims rose 7,000--to 343,000--for the week ended July 20 from the prior week, while the four-week moving average fell 1,250--to 345,250, the Labor Department said Thursday.
 
The job market is improving because job cuts are slowing and payrolls are rising--which enhances the prospects for accelerated consumer spending in the second half of 2013, Bloomberg said. 
 
The jobless-claims trend has been steady, Sean Incremona, a senior economist at 4Cast Inc. in New York, told Bloomberg.
 
Although the improvement has been sustained since late 2012, there hasn't been much recent momentum to add to that gain, he added.
Other Resources

CUNA National Economic Data
RSS print
News Now LiveWire
.@RepDennyHeck to @NWCUA Amplify conference audience: "More often than not, CUs are part of the solution"
9 hours ago
LA Laker and NBA Legend Earvin "Magic" Johnson was the keynote speaker Tuesday @CCULReach, hosted by the Cal/Nev #CreditUnion Leagues
10 hours ago
.@growfinancial's #salsa sensation spices up seed giveaway #NewsNow http://t.co/rKmWVwwzot
10 hours ago
.@TheNCUA Office of Small CU Initiatives soon--maybe Nov.--will launch website for #CUs 2 research #creditunion vendors or service providers
10 hours ago
.@TheNCUA says late 2Q Call Report filers 2 pay total of $17,111 in penalties.Individual penalty range is $52 to $1,824;median is $256. 2of2
11 hours ago