US jobless total falls to three-month low

first_img US jobless total falls to three-month low Thursday 28 October 2010 8:20 pm More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this Tags: NULL THE US jobless total fell to a three-month low official figures revealed yesterday.Initial unemployment claims fell by 21,000 to 434,000 in the week ended 23 October the US Labour Department said in its weekly report yesterday. The previous week’s figures were revised up from 452,000 to 455,000. The claim figure is the lowest since the week ending 10 July.The four-week moving average, which aims to smooth volatility in the data, fell by 5,500 to 453,250 from the previous week’s revised average of 458,750.Yesterday’s weekly claim data is the last report before voters go to the polls for the midterm elections next Tuesday. The stubbornly high unemployment rate is seen as a key issue. As polling day approaches, Democrats have fought to defend their economic policies in hopes of maintaining their majority in Congress.Meanwhile, the number of continuing claims – those drawn by workers for more than one week in the week ended 16 October – declined by 122,000 to 4,356,000 from the preceding week’s revised level of 4,478,000. Continuing claims are reported with a one-week lag.The Federal Reserve is also believed to be considering a second round of quantitative easing. The Fed is expected to announce a new US Treasury bond purchase programme at the end of its two-day meeting on 3 November. whatsapp whatsapp Share Show Comments ▼ KCS-content last_img read more