Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

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
#creditunions unite to bring message to Congress, @TheNCUA during Hike the Hill visits. See #NewsNow http://t.co/RKl5LZegVw
12 minutes ago
.@TheNCUA open board meeting starts at 10 a.m. ET tomorrow. It is board member J. Mark McWatters' first. Watch @NewsNowLiveWire
15 hours ago
.@CFPB is proposing to oversee larger nonbank auto finance companies for the first time at the federal level.
16 hours ago
.@CUNA's Bill Hampel moderates a discussion on the future of credit unions in the post-100 million member world. http://t.co/kcXykiRQVn
19 hours ago
#Breaking: QE likely to end next month, @federalreserve says #NewsNow #Market http://t.co/u7Fb5l5fwM
19 hours ago