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 See Largest Spike Since Sandy
WASHINGTON (5/17/13)--Jobless claims spiked by 32,000--more than economists had predicted--during the week ended May 11, said the Labor Department Thursday.

Claims for the week totaled 360,000, which is 30,000 more than the median forecast by economists surveyed by Bloomberg.  Estimates had ranged from 315,000 to 355,000 (Bloomberg.com and Moody's Economy.com May 16). The previous week's claims were revised to 328,000 from the 323,000 originally reported.

The claims are the highest since November, after Superstorm  Sandy had hit the North East, said Bloomberg.

The claims' four-week moving average rose by 1,250, which Moody's termed as a "moderate" increase, to 339,250. That means the average is close to its multiyear low of the previous week.

Continuing claims dropped 4,000 in the week ended May 4 to reach 3.01 million, near a multiyear low. The four-week moving average for these claims fell 21,000 to 3.02 million, a recovery low, said Moody's.


RSS





print
News Now LiveWire
Registration is now open for the online livestreaming of @TheNCUA March 19 open board meeting. http://t.co/yOuqdXHlxj
1 hour ago
Registration is now open for online viewing of @TheNCUA's March 19 board meeting. https://t.co/mMZoXSFjMe
1 hour ago
.@CFPB Director Richard Cordray's testimony that he will deliver before the #HFSC this afternoon. http://t.co/NA1aEOPAeh
2 hours ago
Consumer spending flatlines, savings ramp up #Market #NewsNow http://t.co/94kPuBpMRK
3 hours ago
.@Cornerstone_CUL in 2014: $9K in savings per member #NewsNow #CUSystem http://t.co/7LnsV876cs
5 hours ago