Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

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
USFCU, Minn., hosts small business networking night. http://t.co/CBFHpJTFZe
11 hours ago
Number of @CUNA-certified fin. counselors hits 2,175 http://t.co/3fQGcdxyLO
11 hours ago
Jobless claims drop by 19,000 this week #Market #NewsNow http://t.co/LSqaYCsmX4
12 hours ago
#RBC draws letters from @SenatorBegich, @SenShelby to @TheNCUA See #NewsNow http://t.co/JvLBwkHwxF
13 hours ago
It's #summercamp with a financial literacy, #creditunion twist http://t.co/5eaps9ZoVB
15 hours ago