Economy

Claims for U.S. jobless aid fall as hurricane impact recedes

Claims for U.S. jobless aid fall as hurricane impact recedes”

New claims for USA jobless benefits fell for the second week in a row despite the massive economic disruptions from back-to-back hurricanes, the Labor Department reported Thursday.

However, there has been a decline in initial claims for state unemployment benefits by 23,000 to a seasonally adjusted 259,000 for the week ended September 16, as per the Labor Department.

Continuing claims, a reading on the number of people receiving ongoing unemployment assistance, jumped by 44,000 to 1.980 million in the week ended September 9th.

The Labor Department said Thursday that the less-volatile four-week average rose by 6,000 to 268,750.

Applications for unemployment insurance last week were estimated for SC and the Virgin Islands.

The decrease suggested September job creation may not suffer as badly as feared from the hurricane destruction in Texas and Florida, since the latest data are from the survey week used to calculate the government's key monthly employment report.

Claims in Texas declined by an unadjusted 23,549 last week. Hurricane Maria made landfall in Puerto Rico on Wednesday, Sept. 20.

Swings in the figures may continue for several weeks, following the pattern seen after major storms such as Sandy in the Northeast in 2012. The Atlantic hurricane season has nonetheless upended a trend that saw dismissals near the lowest level in more than four decades.



Like this

Latest


21 September 2017
Precision Drilling Corporation (PD) EPS Estimated At $
If you are accessing this report on another website, it was stolen and reposted in violation of U.S. & worldwide copyright laws. The brokerage presently has a $4.25 target price on the oil and gas company's stock, up from their prior target price of $3.60.

21 September 2017
(TDS), Live Nation Entertainment, Inc. (LYV)
In other news, Director Ariel Emanuel sold 10,000 shares of the firm's stock in a transaction dated Thursday, September 14th. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink .

21 September 2017
Smith Asset Management Group LP Has Increased By $683184 Its Bank Of New York Mellon (BK) Stake; Brocade
If you are accessing this report on another website, it was stolen and reposted in violation of U.S. & global copyright laws. Wells Fargo & Company assumed coverage on Bank Of New York Mellon Corporation (The ) in a report on Wednesday, August 9th.

21 September 2017
Pulling Back the Layers on Dominion Diamond Corp (DDC)
Howard Capital Management holds 34,082 shares or 0.18% of its portfolio. 7,802 shares were sold by Walker Karen , worth $244,125. It improved, as 81 investors sold CSCO shares while 635 reduced holdings. 54 funds opened positions while 111 raised stakes.

21 September 2017
Stock On the Run: First Potomac Realty Trust (FPO)
First Potomac Realty Trust (FPO ) belonging to the Real Estate sector has surged 0% and closed its last trading session at $11.12. Neuberger Berman Group LLC acquired a new stake in Healthcare Realty Trust in the first quarter worth about $202,000.

21 September 2017
A depression treatment that doesn't require meds
Wake Therapy, first developed in the 1970s, is sometimes administered to patients to jump start improvement in depressive symptoms.

21 September 2017
Workers at Canadian mining company protest in Athens
Differences between Greece and the Canadian miner have dragged on for years, mainly over compliance with environmental regulations.

21 September 2017
NCLAT allows waiver plea of Mistry's two firms
The petition filed by investment companies Cyrus Investments Pvt Ltd and Sterling Investment Corporation Pvt Ltd of Mr. Following the order, the Mistry firms can now move the NCLAT, Mumbai to make a case of oppression and mismanagement.

21 September 2017
Starbucks Reveals Brand-New Maple Pecan Latte
The result is a smooth and well-rounded handcrafted beverage that customers can personalize to truly make theirs. Earlier this year Starbucks bright and colorful Spring Cups were a hit with partners and customers alike.

21 September 2017
Investors Buy AvalonBay Communities, Inc. (AVB) on Weakness
The Company's divisions include Established Communities, Other Stabilized Communities and Development/Redevelopment Communities. The stock of AvalonBay Communities Inc (NYSE:AVB) has " rating given on Friday, July 15 by KeyBanc Capital Markets.



Recommended