Delaware Supreme Court Rejects Wal-Mart in Bribery Information Case
Delaware Supreme Court Rejects Wal-Mart in Bribery Information Case
Partners HealthCare System Takeover Being Fought by Antitrust Experts
Partners HealthCare System Takeover Being Fought by Antitrust Experts
Sale of East Hampton Mansion Ignites Legal Battle
Sale of East Hampton Mansion Ignites Legal Battle
ExxonMobil Accused of Unlawful Discrimination in Hiring by LGBT Rights Group
ExxonMobil Accused of Unlawful Discrimination in Hiring by LGBT Rights...
Job Listings

With Markets Getting Better, Jobless Claims Hit 7-Year Low

There are two sides to every coin, and while analysts keep warning of rising inflation with prices of consumer commodities rising and at a 10-month high,  jobless claims fell to a 7-year low. It looks as if things are truly getting better, even though retail giant Wal-Mart posted a loss for its fifth consecutive quarter.

Of course, Wal-Mart points out that the reasons for its losses are really due to large investments made in e-commerce, higher health care costs in the US and increased investments in Sam’s Club membership, and have little to do with rising prices of consumer commodities – consumers are clearly feeling otherwise. Traffic at its U.S. stores dropped by 1.4%, and that is the sixth consecutive decline – hardly something that can be tied solely to increased investments and not to rising prices or inflation.

The only good that seems to have happened is that new applications for U.S. unemployment benefits hit a seven-year low last week. Though there are many experts who claim a recuperating economy is not the only factor behind such statistics, but that the numbers of employable adults are shrinking.

The claims for state unemployment benefits saw a seasonally adjusted decline by 24,000, which according to the Labor Department signified an improving job market. In a separate report, the federal authorities said that the Consumer Price Index has increased by 0.3 percent last month with rising food prices and gasoline costs, and the rise was the biggest since June last year.



Get JD Journal in Your Mail
Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!


However, the central bank is still keeping overnight interest rates near zero, with little indication of raising the rates before 2015.

All in all, the best news is of stronger job markets. The winter had been hard on many industries, especially those dealing with construction and outdoor activities. Nonfarm payrolls increased 288,000 in April and the year is expected to continue in an overall better jobs-situation than before.

Looking for jobs in law firms? Click here to find them at LawCrossing.

Did you like this? Share it:
With Markets Getting Better, Jobless Claims Hit 7-Year Low by

Tagged: ,

Posted by on May 15, 2014. Filed under Business News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

 

 

Job of the Day
Capital Markets Counsel 3 Attorney
USA-NC-Charlotte

Wells Fargo & Company, a diversified financial services company, is seeking an experienced capital markets Attorney to join its Law Department in its Charlotte, NC office. The individual selected...