SINGAPORE'S National Wages Council (NWC) said on Friday unemployment and layoffs will be 'substantially higher' this year, and recommended that firms affected by economic downturn institute a wage freeze or wage cuts to stay competitive and save jobs. Singapore was the first Asian economy to fall into a recession in 2008 and the government has warned that the economy may shrink as much as 2 per ce
SYDNEY - AUSTRALIAN unemployment rose to 4.5 per cent in December, its highest level in almost two years, as the global economic slowdown hurt growth, official figures showed on Thursday. The jobless rate was up from 4.4 per cent in November, with 43,900 fewer people in full-time work, taking the jobless rate to its highest level since March 2007. A total of 7.6 million Australians were in full-ti
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims dropped 94,000 to 492,000 from last week’s unrevised 586,000 claims while “continued” claims jumped 140,000 resulting in an “insured” unemployment rate of 3.4%.It’s very important to understand that today’s report continues to reflect employment weakn
Wednesday December 24, 2008
Navivest
Initial Jobless Claims, which tracks those applying for unemployment benefits for the first time, rose to 586,000 for the week ending December 20th. This was an increase of 30,000 from the previous week’s revised figure of 556,000.
The 586,000 number is the highest figure since November 1982 and the ranks of the newly [...]
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims jumped 30,000 to 586,000 from last week’s revised 556,000 claims while “continued” claims declined 17,000 resulting in an “insured” unemployment rate of 3.3%.It’s very important to understand that today’s report continues to reflect employment weaknes
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims declined 21,000 to 554,000 from last week’s revised 575,000 claims while “continued” claims declined 47,000 resulting in an “insured” unemployment rate of 3.3%.It’s very important to understand that today’s report continues to reflect employment weakn
NYT article reports that applications for jobless benefits rose to 542,000 over the last week. The Fed expects unemployment to rise just above 7% going into next year, which I would say is a very wishful thought. Policymakers keep revising their expected figures upward as they keep getting proved wrong by reality. October unepmloyment rate [...]
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims jumped 27,000 to 542,000 from last week’s revised 515,000 claims while “continued” claims increased a whopping 109,000 resulting in an “insured” unemployment rate of 3.0%.It’s very important to understand that today’s report continues to reflect emplo
In an unfortunate turn of events, Citigroup revealed it's plan to cut around 58,000 jobs to help the company adjust better to current economic crisis. These layoffs are planned in addition to 23,000 jobs already eliminated since January 2008. Overall CitiGroup laid off about 300,000 Jobs world wide since the January 2008.
Cost Cut is major concern as credit market squeezes. Citigroup is expected
WASHINGTON (Reuters) - The U.S. economy is in recession and will contract at a faster pace in the fourth quarter, extending the decline into early 2009 as high unemployment crimps consumer spending, a survey showed.
-Jobless claims in the U.S. have jumped to a 7 year high, signaling a rapid deterioration in the labor market.-Oil prices plunged to $50 a barrel on gathering concerns regarding the global economic slowdown and the perilous state of the U.S. auto industry.-Ted Haggard has spoken out publicly about his sex scandal for the first time. Apparently he claims that he was abused as a child.-A new study h
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims jumped 32,000 to 516,000 from last week’s revised 484,000 claims while “continued” claims increased 65,000 resulting in an “insured” unemployment rate of 2.9%.It’s very important to understand that today’s report continues to reflect employment weakne
According to a Bloomberg TV report, DHL has finally decided to close all its express shipment operations in USA. That includes Ground and Air Operations. DHL Express will also close down Scottsdale Center where more than 736 people will lose job. The people include more than 100 IT Professionals. The DHL news did not came as surprise as company has not made any profit from it's DHL Express servi
AP - The nation’s unemployment evaluate latched to a 14-year broad of 6.5 proportionality in Oct as added 240,000 jobs were cut, the polity said Friday. It was stark grounds the frugalness is nearly sure in a recession.
Original place by AP
AP - The sort of out-of-work Americans continuing to entertainer unemployment benefits has surged to a 25-year high, patch shoppers overturned player frugal, boost grounds of the alteration from anxiety economy, assign problems and business stresses.
Original place by AP
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims went unchanged at a level of 479,000 while “continued” claims declined 12,000 resulting in an “insured” unemployment rate of 2.8%.It’s very important to understand that today’s report continues to reflect employment weakness that is strongly consistent
Elderly, retrenched, jobless? Singapore Marina IR wants you
By Lim Wei Chean
The integrated resort starts its first wave of hiring today, with a focus on rank-and-file staff such as housekeepers, security guards, waiters, technicians and cleaners. — PHOTO: LAS VEGAS SANDS
IF YOU are a senior citizen, jobless or in a low-wage [...]
The number of those filing new claims for unemployment benefits for the week ending 10/04/08 came in at 478,000. This was slightly higher than the forecasts of 475,000. However, the Labor Department said about 17,000 of those filings was due to hurricanes Gustav and Ike, so the number can theoretically be discounted.
The 478,000 number was [...]
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims decreased 20,000 to 478,000 from last week’s revised 498,000 claims while “continued” claims jumped 56,000 resulting in an “insured” unemployment rate of 2.7%.It’s very important to understand that today’s report continues to reflect employment weakne
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims increased 1,000 to 497,000 from last week’s revised 496,000 claims while “continued” claims jumped 48,000 resulting in an “insured” unemployment rate of 2.7%.It’s very important to understand that today’s report continues to reflect employment weaknes
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims increased 32,000 to 493,000 from last week’s revised 461,000 claims while “continued” claims jumped 63,000 resulting in an “insured” unemployment rate of 2.6%.It’s very important to understand that today’s report continues to reflect employment weakne
Singapore's jobless rate rose to 2.3% in the second quarter after seasonal adjustments, compared to 2% in the first three months, in line with expectations of rising unemployment amid a slowing economy.For the second consecutive quarter, the overall unemployment rate rose from a seasonally adjusted 1.7% in December to 2% in March and further to 2.3% in June.Construction Industry added most jobsThe
WASHINGTON - THE US unemployment rate jumped to a five-year high of 6.1 per cent as 84,000 jobs were slashed, according to a government report on Friday suggesting fragile economic conditions.The Labour Department report - considered one of the best indicators of economic momentum - marked the eighth consecutive month of shrinking non-farm payrolls, and was worse than expected by private economist
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims increased 15,000 to 444,000 from last week’s revised 429,000 claims while “continued” claims increased 6,000 resulting in an “insured” unemployment rate of 2.6%.It’s very important to understand that today’s report continues to reflect employment weak
Just a quick fyi.
As mentioned in my previous entry - "I AM AT BINTAN!" (Currently sitting in front of Xiao Bai, in my hotel room, with Pris snoring away!)
Anyway.
I haven't been blogging much lately due to work. And for the last few days, also due to work, I haven't been blogging at all.
Was kinda clearing up stuff, handing over what's left of my task.
So yeah. Nothing much. Just a heads up on wh
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims declined 10,000 to 425,000 from last week’s revised 435,000 claims while “continued” claims increased 64,000 resulting in an “insured” unemployment rate of 2.6%.It’s very important to understand that today’s report continues to reflect employment weak
London, Aug 28 (ANI): One in seven children in Britain — almost 1.8million — now live in totally work-free households, the majority with a single parent, according to the Office for National Statistics (ONS).
There has been barely any reduction in the number of households where all adults are out of full-time work in the past [...]
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims declined 13,000 to 432,000 from last week’s revised 445,000 claims while “continued” claims declined 17,000 resulting in an “insured” unemployment rate of 2.5%.It’s very important to understand that today’s report continues to reflect employment weakn
Yesterday, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims declined 10,000 to 450,000 from last week’s revised 460,000 claims while “continued” claims surged 114,000 resulting in an “insured” unemployment rate of 2.6%.It’s very important to understand that today’s report continues to reflect employment we
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims increased 7,000 to 455,000 from last week’s unrevised 448,000 claims while “continued” claims jumped 31,000 resulting in an “insured” unemployment rate of 2.5%.It’s very important to understand that today’s report continues to reflect employment weakn
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims surged dramatically 44,000 to 448,000 from last week’s revised 404,000 claims while “continued” claims absolutely exploded 185,000 resulting in an “insured” unemployment rate of 2.5%.It’s very important to understand that today’s report continues to r
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims surged 34,000 to 406,000 from last week’s upwardly revised 372,000 claims while “continued” claims decreased 9,000 resulting in an “insured” unemployment rate of 2.3%.NOTE: The charts below plot a “monthly” average NOT a 4 week moving average so the l
Expatriates from the UK who complain about high inflation in the UAE and talk of returning to the British Isles should think again. Inflation is just as bad in Britain and job prospects look awful as employers are just beginning huge cut backs in staff numbers, and white collar workers are very much in the [...]
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims increased 18,000 to 366,000 from last week’s 348,000 claims while “continued” claims decreased 81,000 resulting in an “insured” unemployment rate of 2.3%.NOTE: The charts below plot a “monthly” average NOT a 4 week moving average so the latest monthly
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims decreased 58,000 to 346,000 from last week’s 404,000 claims while “continued” claims increased 91,000 resulting in an “insured” unemployment rate of 2.4%.It’s very important to understand that today’s report continues to reflect employment weakness th
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims increased 16,000 to 404,000 from last week’s revised 388,000 claims while “continued” claims decreased 19,000 resulting in an “insured” unemployment rate of 2.3%.It’s very important to understand that today’s report continues to reflect employment wea
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims went unchanged remaining at 384,000 from last week’s revised 384,000 claims while “continued” claims increased a whopping 82,000 resulting in an “insured” unemployment rate of 2.4%.It’s very important to understand that today’s report continues to ref
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims declined 5,000 to 381,000 from last week’s revised 386,000 claims while “continued” claims declined 76,000 resulting in an “insured” unemployment rate of 2.3%.It’s very important to understand that today’s report continues to reflect employment weakne
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims jumped 25,000 to 384,000 from last week’s revised 359,000 claims while “continued” claims increased 58,000 resulting in an “insured” unemployment rate of 2.4%.It’s very important to understand that today’s report continues to reflect employment weakne
The jump in the May jobless rate was the largest one-month increase in 22 years from 5.5% level in april to 5% level in April. Posted By Bruce A. Myers
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims declined 18,000 to 357,000 from last week’s revised 375,000 claims while “continued” claims declined 16,000 resulting in an “insured” unemployment rate of 2.3%.It’s very important to understand that today’s report continues to reflect employment weakn
Jobless US bankers set their sights on Singapore
Huge increase in their job applications here, but most lack Asian experience
By CHOW PENN NEE
(SINGAPORE) Thousands of job cuts in US and European banks - a fallout of the sub-prime mortgage crisis - are forcing bankers in those countries to seek jobs further afield. And they are showing [...]
Weekly jobless claims came in at 357,000 which was lower than the expected 375,000 mark. This should have a negative influence on unemployment numbers for tomorrow. Posted By Bruce A. Myers
Chelsea have now taken the drastic step of sacking their first team assistant manager Ten Cate here today. He was expected to be sacked following the dismissal of Avaram Grant from Chelsea. Ten Cate was the pillair of Chelsea as Grant's right hand and he was previously the manager of Ajax and as an assistant to Rijkaard.
Have I mentioned that I really need a job? I applied at a daycare center called Pokachoag Acres (I may have spelled it wrong; it’s a difficult word). I would make about $8.50 an hour and watch kids all day, which sounds like a good deal to me. I’m just waiting for my cori report [...]
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims increased 4,000 to 372,000 from last week’s revised 368,000 claims and “continued” claims increased 36,000 resulting in an “insured” unemployment rate of 2.3%.It’s very important to understand that today’s report continues to reflect employment weakne
LONDON, May 29 (Reuters) - The dollar rose on Thursday against a basket of six major currencies after Wednesday’s U.S. durable goods data came in less weak than expected, giving some respite to investors worried about U.S. economic health. The euro continue read..
Jobless people will be made to get up and get out of their homes every day to take part in work-based activities, under Tory plans to shake-up benefits. As yet no mention has been made of those on long term incapacity benefit. Under-21s who are unemployed for three months will be sent to employment "boot camps" and community work programmes for those who cannot wear boots due to them being
The dollar in the US session was able to proclaim some strength as the weekly claims fell more than expected, as woes are still surrounding the labor market in the US as the Feds said that further...
More at: http//moneymakinglounge.blogspot.com
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims decreased 9,000 to 365,000 from last week’s upwardly revised 374,000 claims and “continued” claims went unchanged resulting in an “insured” unemployment rate of 2.3%.It’s very important to understand that today’s report continues to reflect employment
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims increased 6,000 to 371,000 from last week’s unrevised 365,000 claims and “continued” claims increased 28,000 resulting in an “insured” unemployment rate of 2.3%.It’s very important to understand that today’s report continues to reflect employment weak
A few days ago, I had sent my superior an email about not renewing my contract after next month. I would be officially declared jobless after then and soon bankrupt.There has to be sacrifices between money and interest; and I choose the latter because of long term plan.Jingkun is confident to help me in reducing my work load when term starts again but there are just too many unexplainable and unso
Previous: 380 Thousand Forecast: 375 Thousand Definition A measure of the number of people filing first-time claims for state unemployment insurance. Issued by the Labor Department on a weekly basis; on Thursday at 8:30 a.m. Eastern time, the data is for the week ended the previous Saturday.General EffectOccasionally moves market, timely. Considered a good gauge of the condition of the labor market and good indicator to the tone of the employment report.the series are volatile and subject to revisions. The four-week average is used to gauge the underlying trend in claims.The effect of the rising number is negative for both the dollar and the indices.Crown Forex
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims declined 18,000 to 365,000 from last week’s revised 383,000 claims and “continued” claims declined 10,000 resulting in an “insured” unemployment rate of 2.3%.It’s very important to understand that today’s report continues to reflect employment weakness that is wholly consistent with past recessionary episodes and that unequivocal clarity will more than likely come in the next few releases.Historically, unemployment claims both “initial” and “continued” (ongoing claims) are a good leading indicator of the unemployment rate and inevitably the overall state of the economy.The following chart (click for larger version) shows “initial”
Am I really getting ready to be jobless? I woke up very early today (Sunday - But first I took shower and walk the Jake.) to make sure I get to Panera Bread on time - by the time they open, I wanted to be their first customer lol, [...]
US jobless rate falls. Yes, you heard it right! US unemployment rate dropped to 5 percent according to US Labor Department. Ain't bad though. Recently, we've been hearing a lot of job hiring freeze, companies cutting bonuses and retrenchment by various big companies, but this news came very surprising to most jobseekers and curious followers.
According to reports, for the fourth month in a row, the economy lost jobs, the Labor Department reported Friday. But in April the losses totaled 20,000, an improvement from the 81,000 reductions in payrolls logged in March. Job losses for both February and March turned out to be a bit deeper than previously reported.
This might be ironic or unconvincing to everyone, but this news surely gave hope to everyone that America is really coping up.
WASHINGTON - Erasing the drop in claims reported last week, first-time filings for state unemployment benefits surged 35,000 to 380,000 in the week ending April 26, the Labor Department reported Thursday. Wall Street economists had expected a result of 360,000. The four-week moving average of initial claims fell 6,500 to 363,750. For the week ending April 19, continuing jobless claims rose 74,000 to 3.02 million - the highest level since April 2004. The four-week average of continuing claims rose 16,750 to 2.98 million - the highest since May 2004.
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims increasing 35,000 to 380,000 from last week’s revised 345,000 claims and “continued” claims increased 74,000 resulting in an “insured” unemployment rate of 2.3%.It’s very important to understand that today’s report continues to reflect employment weakness that is wholly consistent with past recessionary episodes and that unequivocal clarity will more than likely come in the next few releases.Historically, unemployment claims both “initial” and “continued” (ongoing claims) are a good leading indicator of the unemployment rate and inevitably the overall state of the economy.The following chart (click for larger version) shows “initial
Record jobs created but jobless rate inches up - Singapore
Q1 saw an unprecedented 68,400 jobs created
By LEE U-WEN
(SINGAPORE) The Singapore economy picked up more steam in the first quarter of 2008, with a record of 68,400 jobs created - easily beating the previous highest quarterly rise of 64,400 in the second quarter of last year.
Giving [...]
Health insurances are being provided by many agencies nationally and internationally. There are the normal health care services and there is now the availability of the low cost health insurance. If one does not have a job, low cost health insurance is recommended and is a benefit. It is always very important to ask [...]
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims decreased 33,000 to 342,000 from last week’s revised 375,000 claims and “continued” claims declined 65,000 resulting in an “insured” unemployment rate of 2.2%.It’s very important to understand that today’s report continues to reflect employment weakness that is wholly consistent with past recessionary episodes and that unequivocal clarity will more than likely come in the next few releases.Historically, unemployment claims both “initial” and “continued” (ongoing claims) are a good leading indicator of the unemployment rate and inevitably the overall state of the economy.The following chart (click for larger version) shows “initial”
Previous: 357 ThousandForecast: 365 ThousandDefinitionIs and index reported on a weekly basis which track the change in the number of people filing for unemployment benefits in the previous week. Release usually every Thursday at 13:30 GMT and considered a gauge to the health of the labor market; yet mostly the four-week average is the figure looked at the most especially when projecting the renounced labor report in the US, the Nonfarm Payrolls.General EffectOccasionally moves market, timely. Considered a good gauge of the condition of the labor market and good indicator to the tone of the employment report.the series are volatile and subject to revisions. The four-week average is used to gauge the underlying trend in claims.The effect of the rising number is negative for both the dollar
April 17 - More Americans filed first-time jobless claims last week and the total number receiving benefits rose to the highest level in almost four years, a sign the labor market continues to weaken. Initial applications for unemployment insurance increased by 17,000 to 372,000 in the week that ended April 12, the Labor Department said today in Washington. The number of people on benefit rolls climbed to 2.98 million, the most since June 2004. Housing-related businesses are paring workers while others are reluctant to hire as evidence builds that the U.S. is in a recession. Consumer spending, which accounts for two-thirds of the economy, may keep slowing as rising joblessness hurts Americans already burdened by lower home prices and higher fuel costs.
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims increasing 17,000 to 372,000 from last week’s revised 406,000 claims and “continued” claims increased 26,000 resulting in an “insured” unemployment rate of 2.2%.It’s very important to understand that today’s report continues to reflect employment weakness that is wholly consistent with past recessionary episodes and that unequivocal clarity will more than likely come in the next few releases.Historically, unemployment claims both “initial” and “continued” (ongoing claims) are a good leading indicator of the unemployment rate and inevitably the overall state of the economy.The following chart (click for larger version) shows “initial
WASHINGTON (Dow Jones)–The number of idled U.S. workers filing new claims for
unemployment benefits rose last week, a government report said Thursday.
Initial claims for jobless benefits increased by 17,000 to 372,000, after
seasonal adjustments, in the week that ended Apr. 12, the Labor Department said.
The four-week average of new claims last week decreased by 750 to 376,000 [...]
11:50 04/10 (CEP News) – The key releases in the U.S. Thursday morning included jobless claims, which moderated from a previous spike, and the U.S. trade deficit, which unexpectedly grew in February. Overseas, the Bank of England cut its benchmark rate by 25 bps to 5.00% while the European Central Bank held its rate at 4.00%, both as expected.While U.S. initial jobless claims pulled back in the week ending April 5 to 357k from its 2.5-year high reached the week before of an upwardly revised 410k, economists say the overall trend is still creeping up into recession territory. Forecasts were looking for a total of 383k claims. The four-week moving average of initial claims increased to 378,250 from 375,750."As far as we can tell, companies are increasingly taking the view that the slowdown
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims declining 53,000 to 357,000 from last week’s upwardly revised 410,000 claims and “continued” claims increased 3,000 resulting in an “insured” unemployment rate of 2.2%.It’s very important to understand that today’s report reflects employment weakness that is wholly consistent with past recessionary episodes and that unequivocal clarity will more than likely come in the next few releases.Historically, unemployment claims both “initial” and “continued” (ongoing claims) are a good leading indicator of the unemployment rate and inevitably the overall state of the economy.The following chart (click for larger version) shows “initial” an
Earlier today I read an interesting article that discussed the U.S. employment outlook and which jobs may or may not be good bets in a deteriorating economy. Martin Crutsinger of the Associated Press wrote:
While the downturn is expected to be short and mild, economists are still forecasting the unemployment rate, which jumped to 5.1 [...]
By Edward Iwata, USA TODAYIn another scary sign for the sluggish U.S. economy, the Labor Department said Thursday that initial jobless claims last week rose 38,000 to 407,000 — the highest in three years.The surging number of first-time unemployment benefit claims is a clear signal that the U.S. economy has sunk into a recession and more workers have lost jobs, economists say. In its monthly employment report Friday, the Labor Department is expected to announce more U.S. job losses in March for the third month in a row."Our view is that the economy has slipped into a recession, and we're going to see very sluggish growth for the first half of this year," says Michelle Meyer, a Lehman Bros. economist who noted that the 407,000 claims were the most since September 2005, just after Hurrican
By Edward Iwata, USA TODAYIn another scary sign for the sluggish U.S. economy, the Labor Department said Thursday that initial jobless claims last week rose 38,000 to 407,000 — the highest in three years.The surging number of first-time unemployment benefit claims is a clear signal that the U.S. economy has sunk into a recession and more workers have lost jobs, economists say. In its monthly employment report Friday, the Labor Department is expected to announce more U.S. job losses in March for the third month in a row."Our view is that the economy has slipped into a recession, and we're going to see very sluggish growth for the first half of this year," says Michelle Meyer, a Lehman Bros. economist who noted that the 407,000 claims were the most since September 2005, just after Hurrican
By JEANNINE AVERSA, AP Economics Writer
WASHINGTON - The number of new people signing up for unemployment benefits last week shot up to the highest level in more than two years, fresh evidence of the damage to a national economy clobbered by housing, credit and financial crises.
The Labor Department reported Thursday that new applications filed for [...]
April 3 (Bloomberg) — The number of Americans filing first-time claims for unemployment benefits unexpectedly increased last week to the highest level since just after Hurricane Katrina in September 2005.
Initial jobless claims climbed by 38,000 in the week that ended March 29 to 407,000, the Labor Department said today in Washington. The four-week moving average, [...]
AP
WASHINGTON (AP) — The number of new people signing up for unemployment benefits last week shot up to the highest level in more than two years, fresh evidence of the damage to a national economy clobbered by housing, credit and financial crises.
The Labor Department reported Thursday that new applications filed for unemployment insurance jumped by [...]
According to the USA Today:
Jobless claims shoot up 38,000 to highest since Sept. ‘05
WASHINGTON — The number of people signing up for unemployment benefits last week shot to the highest level in more than two years, fresh evidence of the damage to a national economy clobbered by housing, credit and financial crises.
The Labor Department reported [...]
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims increasing 38,000 to 407,000 from last week’s upwardly revised 369,000 claims and “continued” claims increased 97,000 resulting in an “insured” unemployment rate of 2.2%.It’s very important to understand that today’s report reflects employment weakness that is wholly consistent with past recessionary episodes and that unequivocal clarity will more than likely come in the next few releases.Historically, unemployment claims both “initial” and “continued” (ongoing claims) are a good leading indicator of the unemployment rate and inevitably the overall state of the economy.The following chart (click for larger version) shows “initial”
The number of U.S. workers applying for unemployment benefit soared by 38,000 last week, posting the highest reading since September 2005 and reinforcing fears that the U.S. economy has stalled, government data on Thursday showed.
A Labor Department official said there were no special factors to explain the increase in initial claims to 407,000 in the [...]
Japan’s inflation rate climbed at its fastest rate in a decade in February and the jobless rate worsened to 3.9 percent under data released Friday, raising concerns about the health of the world’s second-largest economy.The core consumer price index, which excludes volatile fresh food prices, rose 1.0 percent in February from a year ago - [...]
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims declining 9,000 to 366,000 from last week’s revised 375,000 claims and “continued” claims declined 5,000 resulting in an “insured” unemployment rate of 2.1%.Historically, unemployment claims both “initial” and “continued” (ongoing claims) are a good leading indicator of the unemployment rate and inevitably the overall state of the economy.The following chart (click for larger version) shows “initial” and “continued” claims, averaged monthly, overlaid with U.S. recessions since 1967 and from 2000.As you can see, acceleration to claims generally precedes recessions.Also, acceleration and deceleration of unemployment claims has genera
Peter "Sid" Williamson, the well-known work-avoider, drunk and activities organiser of the British People's Party has been in Redhill, Surrey, today looking for trouble with the town's Moslems, who held a celebratory parade in honour of the Prophet Mohammed's birthday.Spotting a small item in the Surrey Mirror giving notice of the parade, Williamson made a Stormfront post which worked up an inoffensive religious celebration into an anti-Christian demonstration by fundamentalist Moslems.In a post titled Exclusive! Muslims to demonstrate against Easter in Redhill Surrey! Williamson wrote: "It would appear that the Christian celebration of Easter this year is clashing with the birthday of Muslim prophet Mohamed. Because of this one of the UK's most fundamentalist Mosques have organised a demo
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims increasing 22,000 to 378,000 from last week’s upwardly revised 356,000 claims and “continued” claims increased 32,000 resulting in an “insured” unemployment rate of 2.2%.Historically, unemployment claims both “initial” and “continued” (ongoing claims) are a good leading indicator of the unemployment rate and inevitably the overall state of the economy.The following chart (click for larger version) shows “initial” and “continued” claims, averaged monthly, overlaid with U.S. recessions since 1967 and from 2000.As you can see, acceleration to claims generally precedes recessions.Also, acceleration and deceleration of unemployment clai
Previous: 353 ThousandForecast: 357 Thousand Definition A measure of the number of people filing first-time claims for state unemployment insurance. Issued by the Labor Department on a weekly basis; on Thursday at 8:30 a.m. Eastern time, the data is for the week ended the previous Saturday.General Effect Occasionally moves market, timely. Considered a good gauge of the condition of the labor market and good indicator to the tone of the employment report.the series are volatile and subject to revisions. The four-week average is used to gauge the underlying trend in claims.The effect of the rising number is negative for both the dollar and the indices.
WASHINGTON (MarketWatch) — First-time claims for state unemployment benefits remained unchanged in the latest week, staying at a level that signals a weak labor market, the Labor Department reported Thursday.
Claims for the week ending March 8 came in at 353,000, the same as the revised number for the week ending March 1.
Claims for the week [...]
Esha Deol can now be said to a jobless actress in bollywood. Presently she is working on her physique and is binging on her home food. This sexy lasso is also using her free time in learning Jazz and Ballet in USA institute of Ballet and jazz.Speaking about her love life in a recent interview, Esha openly expresses her willingness that she has been attracted to all hunky guys whom she came across. The daughter of Dream Girl Hema Malini has also expressed her inner feeling that from the age of teens she was more attracted to married men a lot and even openly admitted that she wanted them on her bed. But Esha’s mind is changed a lot.Now, the sexy girl is hoping to date a Hunky guy and then get married and after that she would think about children. May be after two years, Esha hinted th
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims decreasing 24,000 to 351,000 from last week’s upwardly revised 375,000 claims and “continued” claims increased 29,000 resulting in an “insured” unemployment rate of 2.1%.Historically, unemployment claims both “initial” and “continued” (ongoing claims) are a good leading indicator of the unemployment rate and inevitably the overall state of the economy.The following chart (click for larger version) shows “initial” and “continued” claims, averaged monthly, overlaid with U.S. recessions since 1967 and from 2000.As you can see, acceleration to claims generally precedes recessions.Also, acceleration and deceleration of unemployment clai
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims increased 19,000 and “continued” claims increased 21,000 resulting in an “insured” unemployment rate of 2.1%.Historically, unemployment claims both “initial” and “continued” (ongoing claims) are a good leading indicator of the unemployment rate and inevitably the overall state of the economy.The following chart (click for larger version) shows “initial” and “continued” claims, averaged monthly, overlaid with U.S. recessions since 1967 and from 2000.As you can see, acceleration to claims generally precedes recessions.Also, acceleration and deceleration of unemployment claims has generally preceded comparable movements to the unemploym
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims decreased 9,000 and “continued” claims increased 48,000 resulting in an “insured” unemployment rate of 2.1%.Historically, unemployment claims both “initial” and “continued” (ongoing claims) are a good leading indicator of the unemployment rate and inevitably the overall state of the economy.The following chart (click for larger version) shows “initial” and “continued” claims, averaged monthly, overlaid with U.S. recessions since 1967 and from 2000.As you can see, acceleration to claims generally precedes recessions.Also, acceleration and deceleration of unemployment claims has generally preceded comparable movements to the unemployme
Initial U.S. jobless claims dropped for the second consecutive week, after a large jump last month, the Labor Department reported Thursday. Claims for the week ended Feb. 9 fell 9,000 to 348,000. The prior weekly claims level was revised to 357,000. The four-week moving average of new claims gained 12,000 to 347,250. U.S. continuing jobless claims fell 9,000 to 2.76 million.
Unemployment is the worst bane of modern life, which leads to depresssion and loss of confidence. Struggle for survival becomes so hard that a person loses all hope and starts to contemplate upon taking drastic steps. If only such a person could be guided into the Sadhana world be could benefit much by employing this time tested method.
For gaining a good job place a Kaarya Siddhi Yantra on a
The number of jobless Filipinos fell in October as the economy created more jobs for laborers and unskilled workers, the government reported Tuesday.
In its latest Labor Force Survey, the National...
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352,000 people filed applications for unemployment last week, as the economy will slow down for this October-December fiscal quarter.Next month, CEOs will still be giving themselves very healthy Christmas bonuses to build spas in their mansions, while the entry-level workers in their companies will be scraping together a few dollars to buy enough Hungry Man dinners to feed their families.
The release of the not so good news from the U.S. economy caused a wave of bullish dollar speculation on Forex with the increased risk aversion sentiments among traders. Going back from stocks to bonds wasn't prevented even by the fear of another possible cut rate before the year's end. EUR/USD fell from almost 1.4700 to the powerful psychological support level of 1.4600.
Bureau of Labor
You may have noticed that I often refer to the US economic indicators to try to predict the local market sentiment.
Just like checking out local weather forecast to see if you need to bring an...
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For the last few economic cycles we heard terms like that tossed around because the economy was getting stronger but it wasn’t showing up in the job numbers.
Now, we are faced with the opposite. We are seeing definite signs of weakening in the economy but the job numbers remain strong.
So, what gives?
Why don’t we see the employment numbers in sync with the rest of the economy?
There was a time when employment was a fairly reliable leading indicator of economic health but that time has passed.
Why?
Because a large segment of our economy is off the books! I’m not talking about whether illegal immigrants pay taxes or not. I’m talking about whether their jobs are traceable by any way we measure the job strength of our economy. Obviously, the answer is there is no reliable way to directly track their jobs. But, there are indirect ways and the data available should scare you.
There is measurable weakness in the retail sector, consumer confidence and durable goods eve
For the last few economic cycles we heard terms like that tossed around because the economy was getting stronger but it wasn’t showing up in the job numbers.
Now, we are faced with the opposite. We are seeing definite signs of weakening in the economy but the job numbers remain strong.
So, what gives?
Why don’t we see the employment numbers in sync with the rest of the economy?
There was a time when employment was a fairly reliable leading indicator of economic health but that time has passed.
Why?
Because a large segment of our economy is off the books! I’m not talking about whether illegal immigrants pay taxes or not. I’m talking about whether their jobs are traceable by any way we measure the job strength of our economy. Obviously, the answer is there is no reliable way to directly track their jobs. But, there are indirect ways and the data available should scare you.
There is measurable weakness in the retail sector, consumer confidence and durable goods eve
Bank of England voted to maintain its Bank Rate (interest rate) at 5.50% level - unchanged. It wasn't a surprise for Forex traders, but there was a slight possibility of interest rate hike from the BoE, so results are more bearish for the pound. From the United States the Initial Jobless Claims data for the previous week came - 309,000 against 315,00 expected - good result which moved EUR/USD back below 1.3450 level returning to the bearish trend.
The number of Americans filing new claims for unemployment benefits rose last week to the highest level in two months.
The unexpected spike was blamed on the Easter holidays rather than fundamental...
