Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Market
U.S. Jobless Claims Fall In Latest Report
WASHINGTON (9/6/13)--Initial claims for U.S. unemployment benefits declined last week--hitting a five-and-a-half-year low--an indication the labor market is slowly healing as job layoffs continue to abate (MarketWatch, Bloomberg.com  and Moody's Economy.com Sept. 5).
 
Claims fell 9,000--to 323,000--for the week ended Aug. 31, the lowest level since 2007, the Labor Department said Thursday.
 
Meanwhile, continuing claims for unemployment benefits dropped 43,000--to 2.951 million--for the week ended Aug. 24.
 
Because employers are slowing the pace of job cuts, the labor market is being readied for hiring increases to meet any growth in demand, with the effects of higher payroll taxes and federal budget cuts dissipating, Bloomberg said.
 
Rising personal incomes and employment growth will help uphold consumer spending--which constitutes 70% of the U.S. economy, Bloomberg added.  
 
Although there has been substantial progress in claims reduction, more progress is needed with the hiring side of the equation, Yelena Shulyatyeva, an economist at BNP Paribas in New York, told Bloomberg.
Other Resources

CUNA National Economic Data
RSS print
News Now LiveWire
3 Atlanta fed judges recuse themselves from Home Depot data breach suits via @AtlBizChron http://t.co/lfPgOXZ7sO
14 hours ago
How may falling gas prices impact the U.S. economy? Find out tomorrow in #NewsNow #Market http://t.co/Q9ec9DGLDN
14 hours ago
News of the comp. for tomorrow: Big bank unveils plans for massive $6.5 billion new headquarters #NewsNow #Market
16 hours ago
Consumer confidence surges to 7-year high #NewsNow #Market http://t.co/fMEENGuWPi
17 hours ago
Charlotte Cash, CEO of @COFCU , is engaging members by producing videos on various subject of financial interest to members.
17 hours ago