The number of newly laid-off workers seeking unemployment benefits fell last week, the government said Thursday, a sign that the job market is making gradual improvement.
Job losses are likely to slow in coming months, economists said, a trend that could be reflected in the government’s July unemployment report to be released Friday. “We believe the lower claims figures are an important economic development and confirmation that the economy is turning the corner,” Joseph LaVorgna, chief U.S. economist at Deutsche Bank, wrote in a note to clients. First-time claims for jobless benefits dropped to a seasonally adjusted 550,000 for the week ending Aug. 1, down from an upwardly revised figure of 588,000 in the previous week, the Labor Department said.
That was much lower than analysts’ estimates of 580,000, according to a survey by Thomson Reuters. And the four-week average of claims, which smooths out fluctuations, dropped to 555,250, its lowest point since late January.
Among the states, Ohio had the biggest increase in claims, with 891, followed by Oklahoma, Mississippi, Louisiana and Alaska. State data lags behind initial claims data by one week. North Carolina had the largest drop in claims, with 9,809, which it said was due to fewer layoffs in the textile, furniture, rubber and plastics, and industrial machinery industries. Michigan, Florida, Georgia and Alabama had the next-largest declines.
Posted 11 months, 3 weeks ago. Add a comment
Beijing, June 9 - data shows Japan bank bankruptcy number 1 years, while the first business confidence index has climbed to 1 years, these signs that Japan’s economy is beginning to get rid of the world’s worst recession.
According to Hong Kong commercial daily news, according to a Japanese folk credit investigation agencies - the Tokyo note this research Co., LTD. Offers data, the bank of Japan in May this year, the number of bankruptcy was lower than the same period last year, up to 6.7% for one year, reserve for the first time. But according to the Japanese cabinet office directly facing the merchants of consumer survey conducted in May, the economic observers index rose from last month’s 34.2 36.7, its highest level since last march.
In addition, the latest figures show that Japanese imports last April, continuous increase than the first 2 7.2 YueHuanBi increase, April industrial production growth of 56 years the highest level. Recently, Toyota, Canon, and other manufacturing giants have also expressed in the coming months will increase yield.
Japan’s finance ministry published 8 payments quick-reporing also showed that Japan current-account surpluses in April, but keep ShunChaE compared with the same period last year, only for 54.5% dropped 6305 billion yen, 14 consecutive months year level.
According to the speed, Japan in April, compared to reduce export 40.6% 3.9151 trillion yen for continuous seven months year-on-year drop, For the same amount of 3.7308 trillion yen fell for the continuous career-worst 37.8 percent from 6 months year-on-year drop, Merchandise trade surplus for 1843 billion yen, year-on-year drop for 69.2%, 18 consecutive months year-on-year drop.
Posted 1 year, 1 month ago. Add a comment
