Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

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
FHFA today announced it's extending comment deadline for guarantee fees Fannie, Freddie charge lenders to Sept. 8.
14 hours ago
The 2014 @CUwomen Forum was held in Gold Coast, Australia yesterday during @WOCCU 's World CU Conference.
17 hours ago
.@CFPB obtains $92M in debt relief from Colfax Capital Corp. http://t.co/QPZAeCAcy2 See also: http://t.co/Kjf4HHkINW
18 hours ago
Julian Castro was sworn in as 16th secretary of @HUDgov Dept. of Housing and Urban Development Mon.
18 hours ago
.@CUNA's Chief Economist @SchenkMike talks consumer confidence--at highest levels since 2007 w/ @TheStreet @JoeDeaux http://t.co/JyoYQmhAxc
18 hours ago