Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

9/21/2012 (3 years ago)

Catholic Online (

Figures causes concern that labor market maybe slackening

A previous median forecast of 49 economists surveyed by Bloomberg projected 375,000 Americans filing for unemployment last week. However, it was later learned that 382,000 Americans had filed for jobless benefits, a margin of an additional 7,000 people who suddenly found themselves out of work. This figure has caused concern that the domestic job market may in fact be slackening.

States and territories that reported an increase in claims as a result of Tropical Storm Isaac two weeks ago, including Louisiana and Puerto Rico, didn't indicate the weather had any influence last week. There is also no indication that the teachers strike in Illinois had any influence.

States and territories that reported an increase in claims as a result of Tropical Storm Isaac two weeks ago, including Louisiana and Puerto Rico, didn't indicate the weather had any influence last week. There is also no indication that the teachers strike in Illinois had any influence.


By Catholic Online (NEWS CONSORTIUM)

Catholic Online (

9/21/2012 (3 years ago)

Published in Business & Economics

Keywords: Jobless, unemployment insurance, Hurricane Isaac, Chicago teacher's strike

LOS ANGELES, CA (Catholic Online) - Tax increases due to take place in the near future coupled with government spending cuts slated to take effect in 2013 -- should lawmakers fail to act, may block any uptick in hiring following last month's smaller-than-projected gain in payrolls.

The Federal Reserve began a third round of asset purchases last week in a bid to reduce joblessness that has held above eight percent for more than three years.

"The problems are more on the hiring side than the layoffs side," Ryan Sweet, a senior economist at Moody's Analytics Inc. says. Sweet has projected a rise to 385,000 claims. "If they panic and start cutting workers, which would raise an immediate red flag because layoffs would be a recipe for another recession."

Stock-index futures held earlier losses after the report. The contract on the Standard & Poor's 500 Index maturing in December fell 0.4 percent to 1,446.8 in New York. Economic data from China to Japan and Europe increased concern a global slowdown is growing even direr.

Bloomberg estimates range from 360,000 to 390,000. The Labor Department revised the previous week's figure to 385,000 from an initially reported 382,000.

However, a Labor Department spokesman said there was nothing unusual in the state data last week, noting that states and territories that reported an increase in claims as a result of Tropical Storm Isaac two weeks ago, including Louisiana and Puerto Rico, didn't indicate the weather had any influence last week.

There is also no indication that the teachers strike in Illinois had any influence.

The four-week moving average, a less volatile measure than the weekly figures, climbed to 377,750 last week from 375,750.

Today's report showed the number of people continuing to receive jobless benefits dropped by 332,000 in the week ended Sept. 8 to 3.27 million.

It must be noted that the continuing claims figure does not include the number of Americans receiving extended benefits under federal programs.



Pope Francis: end world hunger through 'Prayer and Action'

Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for October 2015
That human trafficking, the modern form of slavery, may be eradicated.
Evangelization: That with a missionary spirit the Christian communities of Asia may announce the Gospel to those who are still awaiting it.


More Business & Economics

Three BILLION barrels of excess oil available now - but is this a good thing? Watch

Image of Inflated inventories and oil wealth has spread globally, from the United States to the developed economies of Europe, and now China, according to the agency.


With the price of gas comfortably lower than $3 a gallon at many gas pumps across the land, consumers are enjoying a price break. The reason behind this windfall is largely because there are now more than three billion barrels of excess oil in the world. This ... continue reading

HARD NEWS HEADED FOR EXTINCTION! Filters turning off certain information imperil journalism Watch

Image of Daily newspapers have gone from nearly 1,800 in 1945 to about 400.


Newspapers, along with print media in general is in rapid decline - while Internet news, groomed and curried for special interest groups is on the rise. The fallout is that hard news, presented objectively is in dire threat of virtual extinction. "Opinion ... continue reading

The 'WAR ON CHRISTMAS' continues as Starbucks' new seasonal cups spark public outrage Watch

Image of Starbucks is the center of a mass controversy when it decided to release plain red cups this holiday season instead of its traditional Christmas and general holiday-themed cups (Rozzieland blogs).


When coffee giant Starbucks released red cups in place of their traditionally holiday-themed cups this winter, Arizona-based evangelist Joshua Feuerstein cried bigotry. LOS ANGELES, CA (Catholic Online) - In a Facebook video rant, Feuerstein wrote, "I think in the age ... continue reading

Pretty much all you could ask for from the month of October - unemployment at five percent, new hires Watch

Image of The 271,000 jump in payroll was surprisingly robust, far better than the Labor Department expected last week.


"It was pretty much everything you could ask for in a jobs report," Michelle Meyer, deputy head of United States economics at Bank of America Merrill Lynch says. Unemployment was at five percent and there were significant job hires for the month of October. ... continue reading

Invest as a Catholic - without selling your soul! Watch

Image of

By Kevin Jones (CNA News)

For Catholics who want to invest in a retirement plan but hesitate for fear of unintentionally supporting causes contradicting their faith, a financial advisor group is now offering a new option. Washington D.C. (CNA) - "We'd like to see every Catholic organization ... continue reading

SOMETHING IS BREWING: Agreement could lead to biggest beer deal - and top five business deals EVER Watch

Image of The prevailing trend among younger beer drinkers is for smaller, more specialized labels from independent breweries. In response, bigger beer brands are struggling to hold on to their market share.


Something big is brewing in the world of brew. AB InBev or Budweiser is offering SABMiller shareholders $67.59 per share. The maker of Miller Lite, Pilsner Urquell and Peroni, this represents a premium of roughly 50 percent over the share price. The agreement, ... continue reading

Overworked Wall Street employees experience seizures, are hospitalized, and have died Watch

Image of John Hughes in Thomas' bedroom (Damon Winter).


Wall Street has always been a very demanding place to work and with recent work-related deaths, it seems that Wall Street must find a way to provide work-life balance to its employees.  NEW YORK CITY, NY (Catholic Online) - Thomas Hughes was a 29-year-old ... continue reading

7 ways to bring your family out of debt Watch

Image of


There are a lot of ways the improper handling of finances can jeopardize you and your family. The cost-of-living continues to get higher yet your income doesn't. How can you make ends meet? LOS ANGELES, CA (Catholic Online) - Fear not! You can regain control of your ... continue reading

3 easy ways to save money and pay off debt Watch

Image of


Work and play, earn and spend -It's the way the economy survives, but what about your survival? If you're having trouble saving money, don't have a dedicated savings account or just don't know how to stop spending, you may have a problem. LOS ANGELES, CA (Catholic ... continue reading

Is the stock market in trouble? Historical market turndowns following papal visits Watch

Image of Papal visits versus the stock market were reviewed.


As Pope Francis visits the United States, historical data of visits from his predecessors to the United States were linked to several market downturns in the US. MUNTINLUPA CITY, PHILIPPINES (Catholic Online) - Pope Francis made his historical visit to the United ... continue reading

All Business & Economics News


Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Subscribe to Catholic OnlineYouTube Channel

the FEED
by Catholic Online

  • Daily Readings for Sunday, November 29, 2015
  • Prayer For Courage HD Video
  • St. Saturninus: Saint of the Day for Sunday, November 29, 2015
  • Who Needs Advent? I do!
  • President likens Syrian refugees to pilgrims on Mayflower in ...
  • The Miracle Prayer HD Video
  • BIGGER THAN ISIS - There's a hidden power behind ISIS and it's so big ...

Daily Readings

Reading 1, Jeremiah 33:14-16
14 "Look, the days are coming, Yahweh declares, when I shall fulfil the ... Read More

Psalm, Psalms 25:4-5, 8-9, 10, 14
4 DIRECT me in your ways, Yahweh, and teach me your paths.5 ... Read More

Gospel, Luke 21:25-28, 34-36
25 'There will be signs in the sun and moon and stars; on earth nations ... Read More

Reading 2, First Thessalonians 3:12--4:2
12 May the Lord increase and enrich your love for each other and for all, ... Read More

Saint of the Day

Saint of the Day for November 29th, 2015 Image

St. Saturninus
November 29: St. Saturninus Bishop of Toulouse and Martyr ... Read More