WASHINGTON (MarketWatch) - In an indication that layoffs haven't increased significantly, the number of U.S. workers filing for unemployment benefits fell by 9,000 last week to a seven-week low of 311,000, the Labor Department reported Thursday. The four-week average of new claims - considered a better gauge than the volatile weekly figure - fell by 3,500 to 320,750, the lowest in four weeks. Meanwhile, the number of former workers collecting unemployment checks fell by 53,000 to 2.54 million in the week ending Sept. 8, also the lowest in seven weeks. The insured unemployment rate - the portion of all workers covered by unemployment insurance who are collecting benefits - stayed at 2%.
Yields jump up to 4.59%. Now equities are going to wonder if they will get more cuts this year. Was the non-farm payroll shock two weeks ago a seasonal aberration? Gold is shooting up on the news, moving above the key 740 level as wage inflation fears grow.
Yields jump up to 4.59%. Now equities are going to wonder if they will get more cuts this year. Was the non-farm payroll shock two weeks ago a seasonal aberration? Gold is shooting up on the news, moving above the key 740 level as wage inflation fears grow.
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on Thursday, September 20, 2007 at 9/20/2007 09:01:00 AM.
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