US Weekly Jobless Claims Climb More Than Expected

Initial jobless claims, a proxy for layoffs across the USA, increased 10,0000 to a seasonally adjusted 239,000 in the week ended November 4, the Labor Department said Thursday.

"Regardless of shifts in labour demand, the low level of claims is boosting consumers' confidence, by reducing the fear of job loss".

Economists surveyed by The Wall Street Journal expected 230,000 new claims last week. They have declined from an nearly three-year high of 298,000 hit at the start of September in the aftermath of hurricanes that ravaged parts of Texas, Florida, Puerto Rico and the Virgin Islands.

The Labor Department said that claims taking procedures remain severely disrupted in the Virgin Islands, but the application process has improved in hurricane-ravaged Puerto Rico. That is the longest such stretch since 1970, when the labor market was smaller.

Meanwhile, the four week moving average fell by 1,250 from the previous week's unrevised average to 231,250, marking the lowest level for this average since March 1973, when it was 227,750. That suggests ongoing job growth in an economy many regard as near full employment.

The number of claims workers made for longer than a week rose 17,000 to 1,901,000 in the week ended October 28, which is reported along with last week's data because continuing claims are released with a one-week lag. Economists polled by Reuters had expected continuing claims of 1.89 million.

The four-week moving average of continuing claims still edged down to a more than forty-year low of 1,895,250, a decrease of 750 from the previous week's revised average of 1,896,000.

The highest insured unemployment rates in the week ending October 21 were in Puerto Rico (2.8), Alaska (2.7), the Virgin Islands (2.2), New Jersey (2.1), California (1.8), CT (1.8), Pennsylvania (1.6), the District of Columbia (1.5), IL (1.5), MA (1.5), and Nevada (1.5).

Like this


09 November 2017
United Kingdom denies $2bn Aramco deal linked to possible London listing
Britain is among the countries wooing Saudi Aramco, which is considering listing some shares overseas . Last week, USA president Donald Trump called on Saudi Arabia to list the oil firm in NY .

09 November 2017
Some fidget spinners contain high levels of lead
The Fidget Wild Premium Spinner Metal, meanwhile, contained 1,300 ppm of lead in the center circle, and 520 ppm in its arm. CBS News reports that one brand of a toy known as a fidget spinner contains dangerously high levels of lead.

09 November 2017
Toddler allergic to dairy dies after pre-school serves him grilled cheese
His family has said the pre-school was informed of Elijah's allergy. Silvera was rushed to Harlem Hospital but it was too late. We will get to the bottom of what happened here.

09 November 2017
Sleep-deprivation and being drunk equally influence our brain
The same phenomenon can occur when a sleep-deprived driver notices a pedestrian stepping in front of his auto . Fried and his colleagues plan to dive more deeply into the benefits of sleep.

09 November 2017
European Union cuts United Kingdom growth forecasts due to Brexit uncertainty
The EU predicted these reforms would benefit the economy, with French growth to hit 1.6 percent this year, up from the earlier 1.4 percent.

09 November 2017
Tanuja Chandra On Exploring Dating Apps For Qarib Qarib Singlle
The film showcases a love story between two opposite personalities and how they grow fond of each other despite the differences. Actor Irrfan Khan's forthcoming movie " Qarib Qarib Singlle " will be releasing in Germany, Austria and Switzerland.

09 November 2017
Toshiba 1H Profit Jumps on Strong Memory Chip Demand
However, Toshiba agreed to sell the unit for $18bn in September to cover losses at its USA nuclear business. Operating profits at the Japanese conglomerate rose to 231.8bn yen ($2bn; £1.55bn).

09 November 2017
Facebook is encouraging users to send in their nude photos
Two years ago, Twitter and Reddit cracked down on revenge porn , banning the practice on both platforms . The limited pilot program is available in three other countries: the USA , U.K., and Canada.

09 November 2017
Thousands of children referred to antiterror scheme
The Home Office says 381, or 5%, of the 7,631 referred to Prevent actually received support on the Channel scheme in 2015/16. The number supported by the specialist Channel scheme have risen from 159 in 2012-13 to 283 in 2014-15 to 381 past year .

09 November 2017
Man suffered serious burns, as food vendor flings hot oil
An argument broke out between the two following which the customer reportedly vandalised the stall and broke furniture. Soon after the incident, the man called his brother who rushed him to a nearby hospital.