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Jobless claims jump to highest numbers in 8 months
WASHINGTON (Reuters) – New U.S. claims for unemployment aid unexpectedly rose last week to touch their highest level in eight months, pushed up by factors ranging from spring break layoffs to the introduction of an emergency benefits program, a government report showed on Thursday. Initial claims for state unemployment benefits…
US jobless claims jump to January high
WASHINGTON — New claims for US unemployment insurance benefits surged more than expected last week to the highest level since January, official data showed Thursday. The Labor Department reported initial jobless claims rose to a seasonally adjusted 429,000 in the week ending April 23. That was sharply higher than the…
Job center giving superhero capes to the unemployed
Florida’s unemployment agency director has asked for an investigation into a federally funded jobs agency that is giving 6,000 superhero capes to the jobless. Workforce Central Florida spent more than $14,000 on red capes as part of a media campaign to raise awareness of its services, the Orlando Sentinel reported.…
IMF urges US to address debt now
WASHINGTON – The International Monetary Fund on Monday urged the US to begin addressing its yawning budget deficit this year rather than putting off the pain and missing G20 fiscal targets. In its semi-annual measure of global economic health, the IMF said the US will likely grow more slowly than…
Saudi stocks soar on king’s spending spree
RIYADH – Saudi stocks rose sharply at the start of trading on Sunday, in the stock market’s first session since King Abdullah ordered unprecedented economic benefits worth around $100 billion. Tadawul All-Shares Index (TASI) gained 5.6 percent just minutes after trading opened. All 145 listed shares increased as well as…
Jobless claims fall, 4-week average at 2-1/2 year low
WASHINGTON (Reuters) – New U.S. claims for unemployment benefits fell as expected last week, with the four-week moving average dropping to its lowest level in more than 2-1/2 years, pointing to a strengthening labor market. Initial claims for state unemployment benefits fell 16,000 to a seasonally adjusted 385,000, the Labor…
White House, Republicans in new stimulus spat
WASHINGTON – The White House and its Republican foes opened a new skirmish over President Barack Obama’s 800-billion-dollar stimulus plan Thursday, on the second anniversary of the bill’s enactment. Vice President Joe Biden, who was charged with ensuring the massive infrastructure spending and tax cutting bill was not consumed with…
Jobless claims rise 25,000 last week
WASHINGTON (Reuters) – New U.S. claims for unemployment benefits rose more than expected last week, according to a government report on Thursday that still pointed at gradual labor market recovery. Initial claims for state unemployment benefits increased 25,000 to a seasonally adjusted 410,000, the Labor Department said, partially reversing the…
Fed sees firmer US recovery
WASHINGTON — The US economic recovery is now on a firmer footing, with consumers and businesses spending more despite still-high unemployment, according to Federal Reserve’s top policy panel. Minutes of the Fed’s January meeting, published Wednesday, pointed to the bank’s more optimistic view of the US recovery, despite persistent high…
Obama vows to tackle benefit spending
WASHINGTON – President Barack Obama on Tuesday vowed to tackle costly but fiercely guarded medical, retirement and jobless benefits, as he sought to rebuff criticism he is not willing to address tough spending issues. Facing allegations that his 2012 budget does not tackle the main causes of the country’s soaring…
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