Initial jobless claims fell 16,000 to 453,000 in the week ending Sept. 25, a sharper fall than expected. The revised figure for the previous week was 469,000.
Analysts surveyed by Reuters forecast claims of 460,000.
Companies that laid off workers …
Two consecutive months of sales gains among the nation’s retailers may provide just enough confidence to trigger increased seasonal hiring this year. Even so, pre-recession hiring levels aren’t likely.
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For married couples of opposite genders, the downturn’s inordinate impact on men has resulted in an increasing number of wives becoming the primary breadwinner. Surprisingly, many men don’t mind at all.
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The recent stream of modestly positive economic news means the Fed probably won’t take any further action to stimulate the economy at its upcoming meeting. But nobody is calling the economy healthy yet.
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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.