News / USA

    Claims for US Jobless Benefits Falling

    FILE - A case worker talks to job seekers at a San Francisco employment center.FILE - A case worker talks to job seekers at a San Francisco employment center.
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    FILE - A case worker talks to job seekers at a San Francisco employment center.
    FILE - A case worker talks to job seekers at a San Francisco employment center.
    VOA News
    The number of Americans seeking unemployment benefits is falling, a new signal that the country's labor market is improving.
     
    The U.S. government said Wednesday that 316,000 jobless workers made initial claims for unemployment compensation last week, 10,000 fewer than the week before and the lowest figure in two months.
     
    Claims for jobless benefits in the world's largest economy have now fallen in six of the last seven weeks, an indication that employers are laying off fewer workers.
     
    Policy makers at the country's central bank, the Federal Reserve, are also watching whether hiring has picked up before deciding whether to cut back on their direct support of the economy. Employers have added an average of more than 200,000 jobs a month since August, but the U.S. jobless rate is still elevated, pegged at 7.3 percent in October.
     
    The Fed has been buying $85 billion of securities a month for more than a year. It is an effort to pump more money into the economy, keep interest rates low and boost job growth, as the U.S. continues to recover from its steepest recession since the Great Depression of the 1930s.
     
    Central bank officials are set to meet again in mid-December. The Fed says it wants to begin to trim the asset purchases "in coming months," but has set no timeline.

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    by: Ian from: USA
    November 28, 2013 1:08 PM
    I am very bad at Math, but here are the two facts that I get from reading the article:

    1) " 316,000 jobless workers made [ initial claims] for unemployment compensation last week, 10,000 fewer than the week before and the lowest figure in two months.

    2) Employers have added an average of more than 200,000 jobs a month

    So the conclusion is on average, every month we have about 300,000 x (4 weeks) = 1,200,000 initial claims , and the employers add 200,000 jobs a month .
    A net lost of 1,200,000 -200,000= 1,000,000 jobs a month
    Our dear country still lose 12 million jobs a year.

    The government does not count the number of workers who are still unemployed but no longer qualified for unemployment benefits , therefore the 7.3% jobless rate is misleading .
    The government does has birth record of all American citizens so we do have an accurate number of legal age employable persons .
    All the government & us have to do is dividing the number of working peoples to the available work force to have the true percentage of how many of us still have a job .
    If individually we still buy more chinese products that those corporations bring back to our shore , we do not support the companies that try to survive here and employ us , we do make our choice and have no right to complain.

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