Arab Today, arab today us jobless claims fall to 10month low
Last Updated : GMT 20:50:36
Arab Today, arab today
Arab Today, arab today

US jobless claims fall to 10-month low

Arab Today, arab today

Arab Today, arab today US jobless claims fall to 10-month low

London - AFP

New claims for US unemployment insurance tumbled last week to the lowest level in nearly 10 months, government data showed Thursday in a report suggesting the troubled jobs market is stabilizing. The Labor Department said the number of people filing initial claims for jobless benefits dropped by a sharp 23,000 to 381,000 in the week ending December 3. The better-than-expected claims number was the lowest since the week ending February 26. The Labor Department upwardly revised the prior week's reading by 2,000 to 404,000. The latest report appeared to confirm a downward turn in claims. The four-week moving average last week fell by 3,000 to 393,250, the lowest reading since early April. "The broader picture is now suggesting that jobless claims are beginning to head lower after a period of moving broadly sideways, consistent with the recent improvement in labor market conditions," said Michael Gapen at Barclays Capital. The unemployment rate sank to a 32-month low of 8.6 percent in November as the economy added 120,000 jobs, down from 9.0 percent in October. Sara Kline at Moody's Analytics called the new jobs claims numbers "an encouraging sign," but warned of headwinds coming from Europe, where economic growth is slowing sharply amid a eurozone debt crisis. "Firms are becoming more willing to hold onto existing workers, as renewed profitability and signs the recovery is gaining steam are supporting business confidence," she said, but the outlook has "downside risks, most notably economic worries in Europe." Kline said the world's largest economy was well-positioned to weather a mild European recession, "but a deeper contraction could create drag for the US labor market improvement."

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us jobless claims fall to 10month low Arab Today, arab today us jobless claims fall to 10month low

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us jobless claims fall to 10month low Arab Today, arab today us jobless claims fall to 10month low

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday