Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

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,,  The New York Times and Moody's 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
.@TheCCUL names 6 finalists for @CUaware Protege competition. See #NewsNow Wed
14 hours ago
Starting w/FHA-insured mortgages closed on/after 1/21/2015, interest payments will stop on date prepayment is made in full. See #NewsNow Wed
15 hours ago
.@FreedomCUinPA has awarded 4 teachers $500 each for being voted 95.7 BEN-FM's Teacher(s) of the Month.
16 hours ago
Credit card debt increasing in metro areas says @Equifax
17 hours ago
.@mncreditunions has introduced Minnesota Minded, a report about the growth CUs in the state since the financial crisis.
17 hours ago