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Jobless Claims in U.S. Unexpectedly Decrease to 14-Year Low

This is a discussion on Jobless Claims in U.S. Unexpectedly Decrease to 14-Year Low within the Current Events forums, part of the Tech Support Forum category. Applications for unemployment benefits in the U.S. unexpectedly dropped last week to their lowest level in 14 years as employers


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Old 10-16-2014, 08:03 AM   #1
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Applications for unemployment benefits in the U.S. unexpectedly dropped last week to their lowest level in 14 years as employers avoided trimming staff even as global growth weakens.

Jobless claims decreased by 23,000 to 264,000 in the week ended Oct. 11, the fewest since April 2000 and lower than any projection in the Bloomberg survey of economists, a Labor Department report showed today in Washington. There was nothing unusual in the data and no states were estimated, a spokesman said as the figures were released.

Companies are beefing up staff as payrolls this year remain on track for their biggest gain since 1999. The risk remains that economic slowdowns in Europe and China, a plunge in commodity prices and geopolitical and health risks including the Ebola outbreak hurt confidence and curb further progress
More good news on the economy . .

Jobless Claims in U.S. Unexpectedly Decrease to 14-Year Low - Bloomberg
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Old 10-16-2014, 11:05 AM   #2
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Production at American factories rebounded, claims for jobless benefits fell to a 14-year low and households held the most optimistic views in two years, signs the world’s largest economy is overcoming a global slowdown.

Manufacturing output climbed 0.5 percent in September, springing back from a 0.5 percent drop the prior month, as factories pushed out more computers, appliances and building-supplies, according to Federal Reserve data issued today in Washington. Other reports showed the momentum is being sustained as the fewest workers since April 2000 filed applications for unemployment insurance last week and more consumers said this month that the economy will get better.

The reports bolster forecasts that the U.S. expansion will survive the weakening in Europe and emerging nations that has roiled global financial markets. American consumer spending, which accounts for almost 70 percent of the economy, is likely to strengthen as employment keeps growing and confidence climbs.
More good news!

Factory Produciton Rebounds as U.S. Sustains Expansion - Bloomberg
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