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 Suggest Improving Labor Market
WASHINGTON (8/2/13)--Initial claims for U.S. unemployment benefits unexpectedly fell last week to the lowest level in five-and-a-half years, indicating a modestly but steadily improving labor market (The New York Times and The Wall Street Journal Aug. 1).
 
Claims decreased 19,000--to a seasonally adjusted 326,000 for the week ended July 17. That is the lowest level since January 2008, the Labor Department said Thursday.
 
First-time claims were forecast to rise to 345,000 last week, according to economists surveyed in a Reuters poll.
 
The four-week moving-average of claims, which smooths out week-to-week volatility, declined 4,500--to 341,250.
 
Because businesses have been waiting for signs of a sustained boost in consumer demand, they have been operating with minimal work forces (Bloomberg.com Aug. 1).
 
A slowing of job cuts could indicate employers are more upbeat about the economic recovery and will make plans to expand their work forces. That, in turn, would stimulate household spending, which constitutes the largest part of the U.S. economy, Bloomberg added.
Other Resources

CUNA National Economic Data
RSS





print
News Now LiveWire
Registration is now open for the online livestreaming of @TheNCUA March 19 open board meeting. http://t.co/yOuqdXHlxj
50 minutes ago
Registration is now open for online viewing of @TheNCUA's March 19 board meeting. https://t.co/mMZoXSFjMe
55 minutes ago
.@CFPB Director Richard Cordray's testimony that he will deliver before the #HFSC this afternoon. http://t.co/NA1aEOPAeh
2 hours ago
Consumer spending flatlines, savings ramp up #Market #NewsNow http://t.co/94kPuBpMRK
3 hours ago
.@Cornerstone_CUL in 2014: $9K in savings per member #NewsNow #CUSystem http://t.co/7LnsV876cs
4 hours ago