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
U.S. Jobless Claims Drop To Lowest Level Since 2007
WASHINGTON (8/16/13)--Initial claims for U.S. unemployment benefits last week fell to their lowest level since October 2007--before the recession--highlighting gains in the labor market as it continues to heal (The Wall Street Journal, Bloomberg.com and The New York Times Aug. 15).
 
First-time claims--a proxy for layoffs--declined 15,000, to a seasonally adjusted 320,000, in the week ended Aug. 10, the Labor Department said Thursday.
 
Also, the four-week moving average of claims, which smooths out weekly volatility, declined 4,000--to 332,000--the lowest level since November 2007.
 
With good momentum built up for consumer spending heading into the third quarter, the labor market is improving, Brian Jones, a senior U.S. economist at Societe Generale in NewYork, told Bloomberg.   
Other Resources

CUNA National Economic Data
RSS





print
News Now LiveWire
.@CUNA says new House bill is "further evidence" of lawmakers' interest in how @TheNCUA uses its funds from CUs. See News Now Monday.
17 hours ago
.@MECreditUnions announces winner of @YoungFreeME #SoundOff contest. @Sassquatch_Band will play Old Port Festival in June @PDD_Downtown
1 day ago
House Financial Services Com. to hold March 3 hearing to receive the semi-annual report of @CFPB Director Richard Cordray.
1 day ago
Rep. Jeff Miller (R-Fla.) re-introduced bill to ease veterans' access to loans for #smallbusiness purposes from a #creditunion (HR 1133)
1 day ago
You can get your subscription to @cuna 's free, daily, online #creditunion #news service News Now here: http://t.co/YtUejEmAYP
1 day ago