Connect with us

World

World News: US Jobless claims fall

Published

 on 

PHUKET MEDIA WATCH
– World news selected by Gazette editors for Phuket’s international community

U.S. businesses step up hiring as jobless claims fall
Phuket Gazette / News Wires
PHUKET: Initial claims for unemployment insurance in the United States fell to 365,000 in the week ending September 1, a decrease of 12,000 compared to the previous week, according to figures released by the U.S. Labor Department (DOL) yesterday.

Despite the positive numbers, which is represent a one-month low, the DOL report reveals only little progress in the U.S. economy as it continues to struggle to create new employment opportunities. But a private survey by payroll provider ADP suggests businesses did step up hiring in August.

The 4-week moving average for unemployment benefits, a less volatile measure, was 371,250, an increase of 250 from the previous week’s revised average of 371,000, the report said. It also showed that the number of unemployed with unemployment insurance for the week ending August 25 remained the same, at 2.6 percent, when compared to the previous week.

However, there was also a decrease of 6,000 in the number of workers who claimed benefits under regular state unemployment programs, totaling 3,322,000 during the week ending August 25, according to the latest DOL report. The 4-week moving average was 3,320,750, a decrease of 3,500 from the preceding week’s revised average of 3,324,250.

And the ADP survey, which is derived from actual payroll data and measures the change in total non-farm private employment each month, showed private-sector employment increased by 201,000 from July to August on a seasonally adjusted basis. The estimated gain from June to July was revised up from the initial estimate of 163,000 to 173,000.

“According to this month’s ADP National Employment Report, the U.S. economy added 201,000 jobs in August, the largest increase in five months,” said Carlos A. Rodriguez, president and chief executive officer of ADP. “The improvement in job creation this month is encouraging and we hope it continues across all sectors of the U.S. economy.”

Joel Prakken, chairman of Macroeconomic Advisers, LLC, added: “The August increase of 201,000, following a solid gain in July, supports the notion that the underlying trend in hiring has picked back up after slowing sharply during the spring. The August increase was well above the consensus forecast for today’s release and for the official jobs number due out Friday from The Bureau of Labor Statistics.”

Prakken said the gain in private employment in August is strong enough to suggest that the national unemployment rate may have declined. “Today’s estimate, if matched by a similar reading on employment from the BLS on Friday, will alleviate concerns that the economy has slipped into a downturn,” he said.

— Phuket Gazette Editors

 

Get more from The Thaiger

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Archiving articles from the Phuket Gazette circa 1998 - 2017. View the Phuket Gazette online archive and Digital Gazette PDF Prints.

Follow Thaiger by email:

Chon Buri9 mins ago

Cheap sound absorption panels believed to be cause of Mountain B fire

Thailand54 mins ago

Thailand amongst Top 10 Best Countries for Expats | GMT

Tourism57 mins ago

55 tourists from Thailand go AWOL in South Korea

Sponsored3 days ago

The return of the most important coffee event in Thailand

Eastern Thailand16 hours ago

German man believed to have monkeypox briefly fled police

Thailand17 hours ago

New app to help migrant women in Thailand facing abuse

Cambodia18 hours ago

Nigerian man recovers from monkeypox, handed to Cambodian authorities

Join the conversation on the Thaiger Talk forums today!
World18 hours ago

Unusually heavy floods in Pakistan kill 549, thousands of homes damaged

Thailand19 hours ago

How to get the Thailand Elite Visa?

Transport19 hours ago

BTS is offering a free ride… with your mom

Bangkok20 hours ago

Fire at Energy Ministry’s compound in Bangkok

Phuket21 hours ago

2 meth busts in Phuket this past week

Politics21 hours ago

NIDA Poll: PM Prayut should not extend term after August 24

Chon Buri22 hours ago

Mountain Pub fire: 15 victims dead, owner arrested, club uninsured

Chon Buri23 hours ago

Police transferred, safety measures enacted in wake of Mountain B fire

Bangkok23 hours ago

Bangkok taxi driver who snapped himself raping teen gets jailed

Thailand11 months ago

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14

Thailand1 year ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism1 year ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket1 year ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism1 year ago

Phuket Thai food treats you need to try | VIDEO

Thailand1 year ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism1 year ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand2 years ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand2 years ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand2 years ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand2 years ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand2 years ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand2 years ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand2 years ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand2 years ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Trending