The National  Memo Logo

Smart. Sharp. Funny. Fearless.

Monday, December 09, 2019 {{ new Date().getDay() }}

Washington (AFP) – U.S. claims for unemployment insurance rose slightly last week but continued to point to a slowly improving job market, government data released Thursday showed.

Initial jobless claims increased to 308,000 for the week ending September 28 from the prior week’s revised figure of 307,000, the Labor Department reported.

The slight rise of 1,000 claims surprised analysts, who on average estimated they would jump to 315,000.

The four-week moving average of claims dropped to 305,000 from the revised average of 308,750 for the previous week.

The trend in jobless claims, an indicator of the pace of layoffs, has continued to show modest improvement over the past year amid a sluggish economy.

In the corresponding week of 2012, Americans filed 368,000 initial jobless claims.

The latest claims report came on the third day of a partial government shutdown over a budget impasse that has choked off the flow of official economic indicators.

The Labor Department used a special contingency plan to release the data, but Friday’s September jobs report will be delayed as long as the shutdown lasts.

The prospect for a swift resolution of the budget impasse appeared remote early Thursday, as Democrats and Republicans in Congress remain locked in a bitter dispute over the budget.

Photo Credit: AFP/Spencer Platt


Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

Rep. Matt Gaetz

Congressman Matt Gaetz (R-FL) has positioned himself to be Donald Trump's favorite toadie in his bizarre quest to pretend he's one of the defeated president's sons. He's usually the first Republican to parrot all of Trump's most outrageous lies and conspiracies.

But with all his legal drama, Gaetz might as well be related to Trump.

Keep reading... Show less

Steelworker Delivers Speech

Ed Barnette long ago realized that affordable child care and paid sick leave, among other resources, would be essential to helping West Virginians build better lives and save what’s left of the middle class.

He just never expected that when America was finally on the cusp of providing these essentials, West Virginia’s Democratic senator would join pro-corporate Republicans in blocking the way.

Keep reading... Show less
{{ }}