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.
x
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.
TEXT SIZE - +
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.

You May Like

Multimedia Anti-Keystone XL Protests Continue

Demonstrators are worried about pipeline's effect on climate change, their traditional way of life, health and safety More

Thailand's Political Power Struggle Continues

Court gave Prime Minister Yingluck Shinawatra until May 2 to prepare her defense over abuse of power charges but uncertainty remains over election timing More

Malaysia Plane Search Tests Limits of Ocean Mapping Technology

Expert tells VOA existing equipment’s maximum operating depth is around 6 kilometers as operation continues on ocean bed for any trace of MH370 More

This forum has been closed.
Comment Sorting
Comments
     
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.

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Pet Kangaroo Helps Spread Environmental Messagei
X
Penelope Poulou
April 22, 2014 5:53 PM
Children’s author Julia Heckathorn travels the world to learn about different ecosystems and endangered animals. She pours her knowledge into children’s books, hoping the next generation will right the environmental wrongs of our times. As in many children's books, the main character in Heckathorn's stories is an animal. Unlike those other characters, though, this one is real - a kangaroo, that lives in the author’s backyard. VOA’s Penelope Poulou has more.
Video

Video Pet Kangaroo Helps Spread Environmental Message

Children’s author Julia Heckathorn travels the world to learn about different ecosystems and endangered animals. She pours her knowledge into children’s books, hoping the next generation will right the environmental wrongs of our times. As in many children's books, the main character in Heckathorn's stories is an animal. Unlike those other characters, though, this one is real - a kangaroo, that lives in the author’s backyard. VOA’s Penelope Poulou has more.
Video

Video Pro-Russian Separatists Plan 'Federalization Referendum' in Eastern Ukraine

Pro-Russian separatists in eastern Ukraine say they plan to move forward next month with a referendum vote for greater autonomy, despite the Geneva agreement reached with Russia, the U.S. and Ukraine to end the political conflict. VOA's Brian Padden reports from the city of Donetsk in Eastern Ukraine.
Video

Video Pope Francis Hopes Dual Canonizations Will Reconcile Church

On April 27, two popes - John the XXIII and John Paul II - will be made saints in a ceremony at St. Peter’s Square. VOA religion correspondent Jerome Socolovsky says the dual canonization is part of the current pope’s program to reconcile liberals and conservatives in the Roman Catholic Church.
Video

Video In Capturing Nature's Majesty, Film Makes Case for Its Survival

French filmmaker Luc Jacquet won worldwide acclaim for his 2005 Academy Award-winning documentary "March of the Penguins". Now Jacquet is back with a new film that takes movie-goers deep into the heart of a tropical rainforest - not only to celebrate its grandeur, but to make the case for its survival. VOA's Rosanne Skirble reports.
Video

Video Boston Marathon Bittersweet for Many Runners

Monday's running of the Boston Marathon was bittersweet for many of the 36,000 participants as they finished the run that was interrupted by a double bombing last year. Many gathered along the route paid respect to the four people killed as a result of two bombings near the finish line. VOA's Carolyn Presutti returned to Boston this year to follow two runners, forever changed because of the crimes.
Video

Video International Students Learn Film Production in World's Movie Capital

Hollywood - which is part of Los Angeles - is the movie capital of the world, and many aspiring filmmakers go there in hopes of breaking into the movie business. Mike O'Sullivan reports that regional universities are also a magnet for students who hope to become producers or directors.
Video

Video Pacific Rim Trade Deal Proves Elusive

With the U.S.-led war in Iraq ended and American military involvement in Afghanistan winding down, President Barack Obama has sought to pivot the country's foreign policy focus towards Asia. One aspect of that pivot is the negotiation of a free-trade agreement among 12 Pacific Rim nations. But as Obama leaves this week on a trip to four Asian countries he has found it very difficult to complete the trade pact. VOA's Ken Bredemeier has more from Washington.
Video

Video Autistic Adults Face Housing, Job Challenges

Many parents of children with disabilities fear for the future of their adult child. It can be difficult to find services to help adults with disabilities - physical, mental or emotional - find work or live on their own. The mother of an autistic boy set up a foundation to advocate for the estimated 1.2 million American adults with autism, a developmental disorder that causes communication difficulties and often social difficulties. VOA's Faiza Elmasry reports.
AppleAndroid