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
Latest Unemployment Claims Drop
WASHINGTON (9/30/13)--Initial U.S. claims for unemployment benefits fell for the week ended Sept. 21 to the lowest level in nearly six years, indicating progress in the labor market, after recent data irregularities from two states in reporting claims (The Wall Street Journal, Bloomberg.com,  The New York Times and Moody's Economy.com Sept. 26).
 
Initial claims--a proxy for layoffs--declined 5,000 for the week, to a seasonally adjusted 305,000, the Labor Department said Thursday.
 
Fewer job cuts could indicate employers are more positive about the outlook for consumer demand, Bloomberg said.
 
Larger gains in consumer spending--which constitutes 70% of the U.S. economy--will require more income growth and further employment advances, Bloomberg added.
 
The drop-off in claims suggests ongoing improvement in the labor market and indicates that employers are slightly more optimistic about the outlook for the economy, Gennadiy Goldberg, a strategist at TID Securities USA LLC in New York, told Bloomberg.
 
Meanwhile, continuing claims for unemployment benefits increased 35,000--to 2.82 million--for the week ended Sept. 14--the first rise in a month. 
Other Resources

CUNA National Economic Data
RSS





print
News Now LiveWire
CUNA: CUNA offices closed through Friday, News Now returns Monday http://t.co/a5xbLzQKDj
10 hours 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