HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Jobless Claims in U.S. De...

Thu Jun 27, 2013, 01:13 PM


Jobless Claims in U.S. Declined 9,000 Last Week to 346,000

By Lorraine Woellert - Jun 27, 2013
Fewer Americans filed claims for unemployment benefits last week, indicating employers are slowing the pace of firings as the economic outlook improves.

Jobless claims decreased by 9,000 to 346,000 in the week ended June 22 from a revised 355,000 the prior period, the Labor Department reported today in Washington. The median estimate in a Bloomberg survey of economists called for 345,000 claims.

Smaller reductions in headcounts indicate employers are confident enough that demand will be sustained as the housing market improves and consumers grow more optimistic. Bigger gains in sales may encourage companies to step up hiring and help reduce an unemployment rate the Federal Reserve says “remains elevated.”

“The broad trend still remains lower” for jobless claims, said Jacob Oubina, senior economist at RBC Capital Markets LLC in New York. “That’s going to continue to support net payroll gains.”



1 replies, 423 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 1 replies Author Time Post
Reply Jobless Claims in U.S. Declined 9,000 Last Week to 346,000 (Original post)
Purveyor Jun 2013 OP
leftstreet Jun 2013 #1

Response to Purveyor (Original post)

Thu Jun 27, 2013, 01:15 PM

1. You get fewer 'jobless claims' when you have fewer jobs n/t

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread