Initial jobless claims unexpectedly rose 13,000 to 462,000, but continuing claims plunged another 112,000 to 4.4 million, the Labor Department announced Thursday. Some of the decline in continuing claims comes from people who have exhausted their benef…
There was modest good news on the inflation front in September as producer prices rose 0.4%, with the core rate rising 0.1% — two readings that suggest the nation is avoiding deflation, a period of sustained price declines that could push the nation …
Initial jobless claims dipped more than expected to 450,000 last week, while continuing claims plunged 84,000 to 4.49 million, signaling another week of modest progress on the labor front.
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Initial jobless claims fell to a two-month low of 450,000, confounding analyst expectations.
Jobless claims dipped 3,000 in the week ending Sept. 11, the Department of Labor said. The revised figure for the previous week was 453,000.
Analysts polled by Reuters forecast claims rising to 460,000.
“The labor market is slowly getting back on track,” Ryan Sweet, a senior economist at…
Continue reading Jobless Claims Fall to Two-Month Low
Jobless Claims Fall to Two-Month Low originally appeared on DailyFinance on Thu, 16 Sep 2010 08:37:00.
A fresh batch of data show that the job market may finally have turned the corner despite last month’s uptick in the national unemployment rate to 9.6%. Among them: Fewer initial claims for unemployment and a smallest monthly l…