Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

US weekly jobless claims head lower  Join our daily free Newsletter

MENAFN - AFP - 25/10/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - AFP) New claims for US unemployment insurance benefits dipped last week as the ailing jobs market continued to zigzag slowly toward better health, government data released Thursday showed.

Initial jobless claims fell by 23,000 to 369,000 in the week ending October 20, the Labor Department said.

That was better than most analysts expected; the average estimate was 375,000.

The Labor Department revised the prior week's number up to 392,000, from an estimate of 388,000.

"Initial claims continue to bounce around because of seasonal adjustment issues, reducing the usefulness in gauging the health of the job market," said Ryan Sweet at Moody's Analytics.

In general, new jobless claims, a signal of the pace of layoffs, have been trending downward in recent months.

The four-week moving average was 368,000, up 1,500 from the previous week but still below the high pace of layoffs in 2010 and 2011.

The latest jobless claims report comes less than two weeks before the November 6 election, with a tight race between President Barack Obama and Republican rival Mitt Romney dominated by voter concerns about the sluggish economy and the high unemployment rate, currently at 7.8 percent.


 






  MENA News Headlines


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help