Blog

U.S. jobless claims fall to eight-week low

The number of Americans filing new applications for unemployment benefits fell last week to the lowest level in eight weeks, suggesting the labor market continued to strengthen despite the recent tightening in financial market conditions. Initial claims for state unemployment benefits dropped 11,000 to a seasonally adjusted 264,000 for the week ended Sept. 12, the Labor Department said on Thursday. It was the 28th straight week that claims remained below

Republican presidential candidates egg on gov. shutdown strategy

If the federal government shuts down on October 1, one thing will be clear: The Republican presidential debate on Thursday night didn’t help the Republican congressional leaders who want to stop it. On Thursday, Texas Senator Ted Cruz took his longstanding call to shut the government down rather than fund Planned Parenthood to a national audience of millions of Americans. “Republican leadership in both houses has begun this discussion by