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 Drop
WASHINGTON (7/19/13)--Initial U.S. claims for unemployment benefits fell 24,000 last week, to a seasonally adjusted 334,000--the lowest level in four months, the Labor Department said Thursday.
 
The decline, which resulted in the lowest reading since March, is due in part to an ebbing of the effects of seasonal auto-plant shutdowns. It is a positive development for hiring and the most recent indication of steady improvement in the labor market (The New York Times, The Wall Street Journal, Bloomberg.com and Moody's Economy.com July 18).     
 
Because many factories shut down to retool in July, the month's jobless-claims readings can be volatile, the Times said.  However, a four-week moving average of claims--which smooths out weekly volatility--still dropped 5,250 last week from the previous week.
 
Continuing claims for unemployment benefits for the week ended July 6 increased 91,000--to 3.11 million.
RSS





print
News Now LiveWire
CUNA: CUNA offices closed through Friday, News Now returns Monday http://t.co/a5xbLzQKDj
12 24 ago
Reminder: @CUNA's Madison, D.C. offices will be closed through Friday, open again on Monday. #NewsNow will publish Monday.
12 23 ago
MI dentist to match @CUDirect's $20K to @HurleyMedical as a result of #20for20 online voting http://t.co/hqmIc9LpK1 @CMNHospitals
12 23 ago
New #creditunion chartered in St. Louis - #LutheranFCU - by @TheNCUA http://t.co/faPfANGS0P. Only 3rd new FCU charter this year.
12 23 ago
Don't get hacked during the holidays-use these tips from @CUNA http://t.co/jEqxni6NhO #StoptheDataBreaches http://t.co/woIxPOIyys
12 23 ago