The National  Memo Logo

Smart. Sharp. Funny. Fearless.

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

Washington (AFP) – New U.S. claims for unemployment insurance benefits were little-changed last week from the previous period, suggesting still only modest tightening in the jobs market so far this year.

The Labor Department said Thursday that initial jobless claims, a sign of the pace of layoffs, totaled 312,000 in the week ending June 21, a decrease of 2,000 from the previous week.

The four-week moving average was slightly higher at 314,250, but sharply down from the average of 345,250 a year ago, a decline that has paralleled the sharp decline in the unemployment rate to 6.3 percent.

However, the still-high level of dropouts from the labor market, in addition to those officially unemployed, underpins official views that there remains a lot of slack in the labor force.

AFP Photo/Mark Wilson

Advertising

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

Pat McCrory

Youtube Screenshot

If former North Carolina Gov. Pat McCrory is any indication, the GOP primary wounds wrought in the last several months stand a good chance of bleeding into the general election this fall.

McCrory, who lost his bid Tuesday to become the Republican nominee for the Tar Heel State's open Senate seat, declined to endorse his GOP rival, Rep. Ted Budd, the Trump endorsee.

Keep reading... Show less

Dr. Mehmet Oz

Youtube Screenshot

Senate candidate Mehmet Oz thanked Fox News host Sean Hannity for advising him “behind the scenes,” helping to bring him to the cusp of a potential victory in Tuesday night’s primary in Pennsylvania — a revelation that further illustrates Hannity’s position as a Republican operative who leverages his media presence for political influence.

The Republican primary race could potentially go to a recount, with Oz currently ahead of former hedge fund manager Dave McCormick by a slender margin. The winner will face Democratic nominee Lt. Gov. John Fetterman, who won his primary by a landslide. During a speech on Tuesday night, Oz first thanked his wife, his children, and his campaign staff and then called out two key political figures who endorsed him and advised him throughout the campaign: former President Donald Trump and Hannity.

Keep reading... Show less
{{ post.roar_specific_data.api_data.analytics }}