Jobless Claims Plummet to 5-Year Low
The number of Americans filing new claims for jobless benefits fell sharply last week to its lowest level since the early days of the 2007-09 recession.
The number of Americans filing new claims for jobless benefits fell sharply last week to its lowest level since the early days of the 2007-09 recession.
The number of Americans lining up for new jobless benefits fell last week by 12,000, dropping for the first time since April and hinting that last month's slowdown in hiring may have been temporary.
U.S. worker productivity fell by the largest amount in a year from January through March. But that may be good news: The drop in production suggests companies may have to hire more in the coming months.
U.S. stock futures are higher with the government reporting that weekly jobless claims edged downward last week, suggesting that employers may accelerate hiring this month.
The number of people seeking U.S. unemployment benefits fell to a four-year low last week, suggesting employers kept hiring in March at a healthy pace. Weekly applications dropped 6,000 to a seasonally adjusted 357,000, the Labor Department said Thursday.
The number of people seeking unemployment aid neared a four-year low last week, a positive sign that strong hiring could continue in the coming months. The Labor Department said Thursday that weekly applications for unemployment benefits fell 15,000 to a seasonally adjusted 358,000. That's the second-lowest level since April 2008.
Many companies have done away with pensions, replacing them with 401(k) plans and related options that put responsibility for retirement saving squarely on you. But those same corporations have also been pushing to keep you in the dark about the plans' costs.
Consumers paid more for food and gas last month, although inflation outside those volatile categories was tame. The Labor Department says the Consumer Price Index rose 0.3% in September, below August's 0.4% rise. Excluding food and energy, so-called core prices increased 0.1%, the smallest rise since March.









