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 still floundering

WASHINGTON (6/20/14)--The number of U.S. citizens seeking unemployment insurance continues to rest at a post-recession low, as initial jobless claims fell by 6,000 to 312,000 for the week ending June 14, the Labor Department reported Thursday (MarketWatch June 19).

Averaged over the month to smooth out any spikes, jobless claims slipped by 3,750, also near a post-housing-bust low.

Marisa Di Natale, a Moody's analyst, said that despite some choppiness over the past couple of weeks surrounding the Memorial Day holiday, jobless claims continue their downward path and are about as low as they have been since the recession ended (economy.com June 19).  With the four-week moving average also dropping, this suggests that the pace of job growth, which has been above 200,000 in each of the last four months, held steady or improved slightly in June, Di Natale added.
 
Continuing claims, or those to receive unemployment benefits for at least a second straight week, fell by a seasonally adjusted 54,000 for the week that ended June 7.



RSS





print
News Now LiveWire
.@MECreditUnions announces winner of @YoungFreeME #SoundOff contest. @Sassquatch_Band will play Old Port Festival in June @PDD_Downtown
36 minutes ago
House Financial Services Com. to hold March 3 hearing to receive the semi-annual report of @CFPB Director Richard Cordray.
58 minutes ago
Rep. Jeff Miller (R-Fla.) re-introduced bill to ease veterans' access to loans for #smallbusiness purposes from a #creditunion (HR 1133)
2 hours ago
You can get your subscription to @cuna 's free, daily, online #creditunion #news service News Now here: http://t.co/YtUejEmAYP
2 hours ago
CCUA hosts @TheNASCUS college for #creditunion directors http://t.co/CftpSXDKWx
5 hours ago