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
U.S. Initial Unemployment Claims Fell Last Week
WASHINGTON (6/14/13)--Initial claims for unemployment benefits in the U.S. declined last week, moving close to the lowest level in five years, the Labor Department announced Thursday.

Claims fell 12,000--to a seasonally adjusted 334,000--an indication of the U.S. labor market's resilience and steady progress in the market as well (The New York Times, The Wall Street Journal and Moody's Economy.com June 13).

The four-week moving average, which evens out the data's weekly volatility, declined 7,250--to 342,250.

Rising confidence in the recovery of the U.S. economy has induced American employers to depart from an extended cycle of elevated layoffs, the Times said.

Although the federal government's more stringent austerity measures this year do not appear to have increased layoffs, companies have been reluctant to accelerate hiring, and the U.S. unemployment rate is anticipated to finish the year above 7%, the Times added.

The weekly unemployment data suggest the U.S. economy will progress at a slow, steady pace in adding jobs, the Journal said.
Other Resources

CUNA National Economic Data
RSS





print
News Now LiveWire
.@LACULeague in @DailyComet: #creditunions' "old" benefits attractive to new generation http://t.co/AzOv3nB7IB
6 hours ago
At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.” http://t.co/qMsDBmKExH
11 hours ago
.@daytondailynews : The secret is out about #creditunions http://t.co/Aqu3pFTROV @DayAirCU @CODECreditUnion
11 hours ago
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
13 hours ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
13 hours ago