Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Market
Jobless Claims Suggest Improving Labor Market
WASHINGTON (8/2/13)--Initial claims for U.S. unemployment benefits unexpectedly fell last week to the lowest level in five-and-a-half years, indicating a modestly but steadily improving labor market (The New York Times and The Wall Street Journal Aug. 1).
 
Claims decreased 19,000--to a seasonally adjusted 326,000 for the week ended July 17. That is the lowest level since January 2008, the Labor Department said Thursday.
 
First-time claims were forecast to rise to 345,000 last week, according to economists surveyed in a Reuters poll.
 
The four-week moving-average of claims, which smooths out week-to-week volatility, declined 4,500--to 341,250.
 
Because businesses have been waiting for signs of a sustained boost in consumer demand, they have been operating with minimal work forces (Bloomberg.com Aug. 1).
 
A slowing of job cuts could indicate employers are more upbeat about the economic recovery and will make plans to expand their work forces. That, in turn, would stimulate household spending, which constitutes the largest part of the U.S. economy, Bloomberg added.
Other Resources

CUNA National Economic Data
RSS





print
News Now LiveWire
Sony hack linked to N. Korea, says U.S.intelligence via @nytimes http://t.co/fE3PtMgEFz
2 hours ago
.@CUNAMutualGroup Klewin shares final thoughts, forecast on lending regulations with @cumagazine before retiring http://t.co/v78QY3QwqB
5 hours ago
Current @CUNA COO @JillTomalin promoted to deputy chief of staff
6 hours ago
#CU Effect:@ChartwayFCU 'branch of the future' 2 benefit members, staff. 2nd installment of new News Now series here:http://t.co/ImBY4nupEj
7 hours ago
U.K. regulators have given formal authorization for the @c_of_e to form a #creditunion.
7 hours ago