Originally Posted by WakingTheBull
Source: By CHRISTOPHER S. RUGABER
"WASHINGTON (AP) — The number of people applying for unemployment benefits fell last week to the lowest level since early April, a sign that layoffs are easing and hiring may pick up.
Weekly applications dropped by 5,000 to a seasonally adjusted 388,000, the Labor Department said Thursday. It was the fourth decline in five weeks.
The four-week average, a less volatile measure, dropped to 396,750. That's the first time the average been below 400,000 in seven months.
Applications need to consistently drop below 375,000 to signal sustained job gains. They haven't been that low since February.
The job market "is still weak but there are hopeful signs of some modest improvement," Steven Wood, an economist at Insight Economics, in a note to clients."
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Originally Posted by WakingTheBull
Economy grew at slower 1 pct. rate this spring
Economy grew 1 pct. this spring, slower than first estimated; likely to fuel recession fears
Christopher S. Rugaber, AP Economics Writer, On Friday August 26, 2011, 8:31 am
WASHINGTON (AP) -- The U.S. economy grew at a meager 1 percent pace this spring, a slower rate than previously estimated. The downward revision will likely increase fears that the economy is at risk of another recession.
Fewer exports and weaker growth in business stockpiles led the Commerce Department to lower its estimate for the April-June quarter from its previous annual rate of 1.3 percent growth. That means the economy expanded only 0.7 percent in the first six months of the year.
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Jobless claims fall, near lowest level of the year
Applications for unemployment benefits fall to 421K; mortgage rates rise for 4th straight week
Christopher S. Rugaber, AP Economics Writer, On Thursday December 9, 2010, 1:59 pm EST
WASHINGTON (AP) -- Applications for unemployment benefits dropped last week to the second-lowest level this year, fresh evidence that companies are cutting fewer jobs.
First-time claims for jobless aid fell by 17,000 to a seasonally-adjusted 421,000 in the week ending Dec. 4, the Labor Department said Thursday.
The four-week average of claims, a less-volatile measure, dropped for the fifth straight week to 427,500. That's the lowest since August 2008, just before the financial crisis intensified with the collapse of Lehman Brothers.
Separately, the Commerce Department said businesses boosted wholesale inventories for the tenth straight month in
Online sales see 16 percent spike on Black Friday
Mae Anderson and Michael Lee, AP Business Writers, On Saturday November 27, 2010, 10:34 am
NEW YORK (AP) -- Shoppers who skipped the crowds on Black Friday gave online merchants a 16 percent spike in revenue, according to data released Saturday.
That increase came partly from shoppers who spent more per online purchase during the traditional opening day of the holiday shopping season, according to Web research company Coremetrics. The average order rose to $190.80. That's a 12 percent increase over $170.19 on the same day last year.
The solid increase adds to a 33 percent online spending spike on Thanksgiving day, and signs of bigger-than-expected crowds in stores.
Shopping on smart phones remained a small piece of the pie. Coremetrics said about 5.6 percent of people logged onto a retailer's website using a mobile device.
China's Manufacturing Growth Accelerates More Than Estimates in October
Updated: 2010-11-01 10:01
China's manufacturing expanded at the fastest pace in six months in October, adding to signs that economic growth is withstanding government efforts to curb property speculation and improve energy efficiency.
The Purchasing Managers' Index rose to 54.7, China's logistics federation said in an e-mailed statement. The reading compared with 53.8 for both the previous month and the median forecast of 13 economists surveyed by Bloomberg News.
Premier Wen Jiabao aims to restrain inflation and limit the risk of asset bubbles without
Video: Gerald Celente Presidential porn, no happy ending
GM IPO filing expected Tuesday (Reuters)
GM Expecting to IPO Tuesday... Will have to see how the market responds.
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7-30-2010 8:30 am GDP Q2
Could be the catalyst to push markets higher.
The Beige Book numbers were out today, however they did report a increase in labor markets. GDP report is due on Friday and could make or break this current bull run.
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