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…
Manufacturing activity in the mid-Atlantic region unexpectedly surged in November. The Philly Fed’s Business Outlook Survey index jumped to 22.5 in November from 1 in October, its highest reading since December 2009.
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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
The average American household is slipping deeper into financial distress, according to a new report. Although some progress was seen in the beginning of 2010, high unemployment and a weak housing market continue to take their…