Webmaster Forum

Go Back   Webmaster Forum > The Webmaster Forums > Forum Lobby > Controversial Social Issues

Controversial Social Issues Discussions concerning controversial social issues. Topics include politics, religion, culture, social and economic issues, etc. Respect required at all times.

Thread Tools Display Modes
Share |
Old 11-19-2009, 08:50 AM
Franc Tireur Franc Tireur is offline
Contributing Member
Join Date: 08-15-06
Posts: 10,109
iTrader: 11 / 100%
New jobless benefit claims unchanged at 505K

The number of newly laid-off workers seeking unemployment insurance was unchanged last week, remaining above the level that would indicate the economy is adding jobs.

Still, new claims which are considered a gauge of the pace of layoffs and an indication of companies' willingness to hire new workers are down about 22 percent from this spring.

The Labor Department said Thursday that first-time claims for jobless benefits were a seasonally adjusted 505,000, the same as the previous week's revised figure and matching analysts' expectations. A year ago, there were 533,000 initial claims.

The four-week average, which smooths out volatility, fell for the 11th straight week to 514,000, the lowest level in almost a year.

While the steady decline in claims is evidence that firings are decreasing, most economists say weekly claims would have to fall to about 425,000 for several weeks to signal that the economy is actually adding jobs. Some economists put the number higher, around 475,000.

Even as claims are falling and the economy has started growing, the unemployment rate is continuing to rise. It jumped to 10.2 percent in October from 9.8 percent, the highest level in more than 26 years, the government said earlier this month.

Federal Reserve Chairman Ben Bernanke said early this week that the economy is likely to grow at a "moderate" pace. As a result, the jobless rate "likely will decline only slowly," he said in a speech Monday.

Reply With Quote



Go Back   Webmaster Forum > The Webmaster Forums > Forum Lobby > Controversial Social Issues


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Jobless rate top 10 percent Franc Tireur Controversial Social Issues 16 12-30-2009 09:22 AM
Jobless, homeless, all this small band has is each other Franc Tireur Controversial Social Issues 5 12-05-2009 01:54 AM
State jobless picture brightens a little Franc Tireur Controversial Social Issues 0 10-21-2009 01:48 PM
Take this jobless recovery and shove it! Franc Tireur Controversial Social Issues 3 10-07-2009 02:16 PM
FDIC pushes mortgage help for jobless Franc Tireur Controversial Social Issues 0 09-12-2009 06:59 AM

V7N Network
Get exposure! V7N I Love Photography V7N SEO Blog V7N Directory

All times are GMT -7. The time now is 04:19 PM.
Powered by vBulletin
Copyright 2000-2014 Jelsoft Enterprises Limited.
Copyright © 2003 - 2018 VIX-WomensForum LLC