Friday, August 1, 2014   

US jobless claims fall by 15,000
(01-09 22:05)

New claims for US unemployment insurance benefits fell last week, the government reported Thursday in a report suggesting improvement in the labor market.
Initial jobless claims, a sign of the pace of layoffs, fell by 15,000 to a seasonally adjusted 330,000 in the week ending January 4, the Labor Department said. The previous week's number was revised upward to 345,000.
The latest claims number was below the average analyst estimate of 338,000.
The four-week moving claims average, which helps to smooth week-over-week volatility, fell by 9,750 to 349,000. A year ago, claims stood at 373,000.
“Claims are back in the moderate-to-normal zone. The trend is through an erratic series of recent observations but still points lower,'' said Robert Brusca, chief economist at FAO Economics.
On Friday, the Labor Department releases the December data on job creation and unemployment. –AFP
   
Other Business breaking news:
Hang Seng ends lower (08-01 16:45)
Societe General logs strong quarterly profit (08-01 16:20)
European markets open lower (08-01 15:44)
Sharp logs US$17.4m first-quarter net loss (08-01 14:38)
Nikkei tracks Street losses (08-01 14:09)
Hang Seng eases at lunch (08-01 12:35)
Nikkei down at mid-day (08-01 11:13)
China home prices fall faster in July (08-01 11:12)
Wall Street plunges on sell-off (08-01 10:48)
China manufacturing activity surges in July (08-01 10:34)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.