1.
Consumer Corner: Foreclosure settlement no magic bullet for economy
WASHINGTON, July 9 (UPI) -- First-time claims for U.S. unemployment insurance dropped 52,000 during the week ending July 4, the U.S. Department of Labor reported Thursday.
The 565,000 initial benefits claims contributed to a four-week rolling average of 606,000, a decrease of 10,000 from the previous week's rolling average of 616,000.
The U.S. unemployment rate remained unchanged at 9.5 percent.
The biggest increases in claims for the week ending June 27 were reported by New Jersey, with 7,876 additional claims; Massachusetts, which added 4,730; and Kansas, which added 4,469, the report said.
State-by-state statistics lag a week behind the national report.
For the week ending June 27, the biggest decreases were reported by Florida, with a decline of 12,493 claims; Illinois, declining by 5,321; and Pennsylvania, with 3,949 fewer claims than the week of June 20.
|
|
|
| Additional Business News Stories | |
BAGHDAD, Feb. 14 (UPI) --
U.S. supermajor Exxon Mobil won't be able to take part in an oil and natural gas licensing auction scheduled for May in Iraq, a spokesman said.
|
WASGHINGTON, D.C., Feb. 13 (UPI) --
Defense industries are weighing the potential impact of proposed defense cuts running into tens of billions of dollars over the next 10 years.
|
Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
|
Investors will not have the distraction of financial reports to look forward to this week. They will have to look at the spot news headlines instead.
|
| Stories | Photos | People | Comments |
View Caption
