House Republicans thwarted an expedited effort by Democrats to extend jobless benefits into next year. It cleared by 258-154 but failed to meet the two-thirds majority needed for “fast-track” passage. Two million Americans coul…
The latest weekly initial claims report showed a small increase, some 2,000 higher to 439,000. The more-telling four-week moving average dropped by 4,000 to 443,000, and continuing claims fell another 48,000 to 4.3 million.
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Initial jobless claims rose slightly last week, in line with expectations.
Claims rose 2,000 to 439,000 in the week ending Nov. 13, The Department of Labor said. The revised figure for the previous week was 437,000.
Economists surveyed by Reuters forecast that claims would rise to 440,000 from a previously reported 435,000.
Companies are slowly adding jobs as the economy improves…
Continue reading Jobless Claims Rise Slightly
Jobless Claims Rise Slightly originally appeared on DailyFinance on Thu, 18 Nov 2010 08:24:00.
Filed Under: Economy, Retail, Market News
America’s labor market got more good news with word of a 24,000 drop, to 435,000, in weekly jobless claims. A Bloomberg survey had expected a total of 450,000. In perhaps better news, the four-week moving average sank another 1…
Come the end of November, some 2 million jobless workers won’t be able to rely on their unemployment check unless Congress again extends the aid. But with the GOP regaining the House, the odds of that extension just got a lot l…