us jobless claims tumble to threeyear low
Last Updated : GMT 00:27:23
Arab Today, arab today
Arab Today, arab today

US jobless claims tumble to three-year low

Arab Today, arab today

Arab Today, arab today US jobless claims tumble to three-year low

Washington - AFP

New claims for US unemployment benefits dropped last week to a level last seen more than three years ago, government data showed Thursday in a sign of stabilization in the troubled jobs market. Initial jobless claims fell by 19,000 in the week ending December 10 from the prior week, to 366,000, the Labor Department said. \"This is unexpectedly great news. If claims can remain at this level, payroll growth will strengthen markedly within a month or so,\" said Ian Shepherdson, chief US economist at High Frequency Economics. The downward trend in weekly claims has signaled an improvement in the labor market, where the unemployment rate fell to 8.6 percent in November from 9.0 percent in October. The department upwardly revised the prior week\'s reading to 385,000 from a first estimate of 381,000. Last week\'s claims were the lowest since the 366,000 reading in the week ending May 10, 2008. According to the Labor Department\'s four-week moving average, which helps to smooth volatility, initial jobless claims fell by 6,500 to 387,750 last week. Analysts warned that claims readings during the year-end holiday season typically are more volatile than in the rest of the year. But they welcomed the improvement that could boost economic growth in the fourth quarter. \"The latest unemployment claims readings are among the most promising signs in the recovery to date that the labor market may be seeing an uptick in job creation,\" RDQ Economics analysts said in a research note. However, lackluster hiring as employers are reluctant to add jobs amid economic uncertainty remained a key obstacle to recovery in the labor market. \"Policy measures designed to make adding workers more appealing, including communication from the Federal Reserve that it will hold interest rates at a low level and legislation from President (Barack) Obama to encourage hiring, will help the labor market move toward accelerating growth,\" said Sara Kline at Moody\'s Analytics.

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*

us jobless claims tumble to threeyear low us jobless claims tumble to threeyear low

 



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*

us jobless claims tumble to threeyear low us jobless claims tumble to threeyear low

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today The Big Apple bike boom

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Leaders of Russia, Iran, Turkey meet

GMT 10:12 2017 Wednesday ,22 November

Leaders of Russia, Iran, Turkey meet
Arab Today, arab today 'Advanced' cyber attack targets Saudi Arabia

GMT 10:18 2017 Wednesday ,22 November

'Advanced' cyber attack targets Saudi Arabia
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Singer Jahda Wahba has unlimited ambitions

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 13:41 2017 Tuesday ,21 November

French choke up over proposal

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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