September 16, 2010 News Corp
Thursday, September 16, 2010
Jobless Claims Fall, Wholesale Prices Stay Tame
Unemployment claims dropped for the third time in four weeks and wholesale inflation remained tame, adding to evidence that the economy is gradually improving. (Sept. 16)
Chinese Currency Rises To Record Against Dollar
The Chinese RMB currency rises to a record high against the U.S. Dollar. This comes as a U.S. Congress committee begins a 2-day session addressing the currency valuation issue.
The Labor Department : New Claims For Jobless Benefits Fell By 3,000
The Labor Department said Thursday that new claims for jobless benefits fell by 3,000 to a seasonally adjusted 450,000, which is the third decline in four weeks. Economists had expected an increase.
Claims have fallen by 11% in the past month. The decline indicates that layoffs are easing despite the slowing pace of economic growth.
The four-week average of new claims, which reduces volatility, fell sharply to 464,750, down 13.500 from the previous week.
Claims have fallen by 11% in the past month. The decline indicates that layoffs are easing despite the slowing pace of economic growth.
The four-week average of new claims, which reduces volatility, fell sharply to 464,750, down 13.500 from the previous week.
Obama Backs Down on Elizabeth Warren Nomination
NBC Nightly News--Sept. 15, 2010--The White House will NOT nominate consumer advocate and Wall Street critic Elizabeth Warren to head the new Consumer Protection Agency created by the financial reform bill. NBC's Brian Williams reports.
Subscribe to:
Posts (Atom)