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Jobless Claims in U.S. Unexpectedly Drop to Eight-Year Low

This is a discussion on Jobless Claims in U.S. Unexpectedly Drop to Eight-Year Low within the Current Events forums, part of the Tech Support Forum category. The number of Americans filing applications for unemployment benefits dropped last week to the lowest level in more than eight


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Old 07-24-2014, 08:05 AM   #1
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The number of Americans filing applications for unemployment benefits dropped last week to the lowest level in more than eight years, reflecting what could be a pickup in auto making during a typically slow time of year.

Jobless claims fell by 19,000 to 284,000 in the week ended July 19, the fewest since February 2006 and lower than any economist surveyed by Bloomberg forecast, a Labor Department report showed today in Washington. Applications can be volatile in July because of auto plant shutdowns, even as state data showed nothing inconsistent with prior years, a Labor Department spokesman said as the data was released to the press.
Good news indeed! !

Jobless Claims in U.S. Unexpectedly Drop to Eight-Year Low - Bloomberg
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Old 07-25-2014, 07:33 PM   #2
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Now we need wages to increase.
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Old 07-26-2014, 07:21 AM   #3
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Now we need wages to increase.


Not likely to happen, though. More people with more money = more buying power = more business........where's the logic in that??
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Old 07-26-2014, 07:28 AM   #4
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Wages per hour crept up a little in the last 2 jobs report . . will be interesting to see if that trend continues with the report next week.
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Old 07-31-2014, 07:25 AM   #5
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Fewer Americans filed applications for unemployment insurance benefits over the past month than at any time in more than eight years, signaling employers are hanging on to workers as demand improves.

The four-week average of jobless claims (INJCJC), considered a less volatile measure than the weekly figure, dropped to 297,250, the lowest since April 2006, from 300,750 the prior week. Claims in the period ended July 26 climbed to 302,000, in line with the median forecast of economists surveyed by Bloomberg, from a revised 279,000 the prior week that was the lowest since 2000.
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Now we need wages to increase.
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Wages and salaries rose 0.6 percent over the past three months, also the most since 2008, the report showed. Benefit costs increased 1 percent, the largest advance in three years, on heightened retirement expenses
Starting to improve! !

Jobless Claims in U.S. in Past Month Drop to Eight-Year Low - Bloomberg
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Old 08-01-2014, 06:00 AM   #6
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Employers in the U.S. added more than 200,000 jobs for a sixth straight month in July, the longest such period since 1997 and a sign of optimism about the economic outlook. The jobless rate climbed to 6.2 percent as more people entered the labor force.

The 209,000 advance followed a 298,000 gain in June that was stronger than previously reported, figures from the Labor Department showed today in Washington. The median forecast in a Bloomberg survey of economists called for a 230,000 increase. Wages and hours were unchanged from June.
Decent numbers . . not as good as last month, but establishes a positive trend

Payrolls in U.S. Rose 209,000 in July, Unemployment at 6.2% - Bloomberg
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Old 08-19-2014, 04:20 PM   #7
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Originally Posted by yustr View Post
Now we need wages to increase.
Does not look like that is happening . .

Quote:
Call it the no-raises recovery: Five years of economic expansion have done almost nothing to boost paychecks for typical American workers while the rich have gotten richer.

Meager improvements since 2009 have barely kept up with a similarly tepid pace of inflation, raising the real value of compensation per hour by only 0.5 percent. That marks the weakest growth since World War II, with increases averaging 9.2 percent at a similar point in past expansions, according to Bureau of Labor Statistics data compiled by Bloomberg.
Only Rich Know Wage Gains With No Raises for U.S Workers - Bloomberg
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Old 08-19-2014, 04:37 PM   #8
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There's no way the conservatives want wages to increase.....the economy would really be booming. Think of what would happen if people had money to spend.....business would be doing great. But, it's not their watch and they want the economy to fail. If the Republican party would actually do something for lower classes they might be worth voting for.....in the next election I will be voting party line for the first time in my life.
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