That stock News

WASHINGTON - in the less people applied for unemployment benefits last week, the second decline in a row and a sign of hope in the labour market could improve.

However, economists warned that the trend should continue for several weeks before a solid conclusion could be drawn that hiring is picking up.

Claims for unemployment benefits declined by 21,000 to be seasonally in the week ended on 23 October, the Ministry of labour said Thursday.

History: Some, unemployment benefits take on a job

This is the second lowest number for claims for the first time this once année.La wherever it was lower than has been the week of July 10, and this week has been affected by the anniversary of the independence party when the State unemployment offices were closed.

Unemployment benefits have fluctuated around 450,000 for most of this year and dropped below this level of seven times. But they were always bounced back in the next weeks and have not remained less than 450,000 for more than two weeks.

"The decline was unexpected and is a step in the right direction, but it must be duplicated in the weeks to come to indicate that the recovery of the labour market is gathering momentum," Andrew Gledhill, an economist at Moody, parsing said in a note to clients.

Rivalry electric car you distracted?Pilot commands: Nissan and GM took a top in electric offers it may be preferable to promote all cars électriques.Mise updated 10/28/2010 2: 58: 27 PM + 00 55 minutes ago: 00 Foreclosure mess will be finally years Life.: before you shop, join a crowd

Claims falling partly reflects a decrease of layoffs in the construction sector said Julia Coronado, an economist at BNP Paribas.Ce sector saw high set on foot to the month of August.But if less put foot in construction are one reason claims are going down, which means hiring cannot be collect much elsewhere in the economy, said Coronado.

It expects that the economy has generated a net gain of 60 000 jobs in October, while that checked unemployment up to 9.7% 9.6% month dernier.Le Government publish its report job October November 5.

The average of four weeks for claims less volatile measure, decreased by 5 500 to 453,250, the lowest level since the week of July 24.

Applications for unemployment assistance falls regularly last year after the end of the recession in June 2009, abandonment of 600,000 to approximately 450,000 in January of this year.

Employers did not much hiring in recent months with a low economic growth .the ' economy grew by 1.7 per cent during the period April-June, a worse sluggish pace in normal times and even from the great depression.

Economists expect the Department of commerce Friday will report slightly better growth of 2% for the period from July to septembre.Mais was still sluggish after a deep recession.

Economy needs to increase to at least 5% for a full year to lower the unemployment rate by one percentage point, believe économistes.Le unemployment rate is currently 9.6%, down only slightly from 9.7% in January.

Some companies add to travailleurs.Produits pharmaceutical company Novartis AG said Wednesday it will add 300 new jobs and invest 600 million over the next five years in his seat of research at Cambridge Mass.Et manufacturer of engines Cummins, Inc. said Tuesday it will expand its headquarters in Columbus, Ind., and add at least 350 jobs by 2012.

The number of people continue to receive assistance also fell last week dropped by 122,000 to 4.36 million unemployed, is déclaré.Mais which does not include an additional group receives additional benefits under an emergency programme approved by the Congress during the recession.

Rolls of emergency benefits declined by more than 400,000 approximately 4.7 million for the week ending October 9, the latest large disponibles.Une part of lower data is likely due to people using all unemployment aid they are eligible.

All told, approximately 8.8 million people received unemployment benefits this week.

The Associated Press and Reuters have contributed to this report.

View the original article here