VOA
Posted 1 hour ago
Posted 1 hour ago
Thursday, March 17th, 2011 at 1:50 pm UTC
The number of Americans filing for new unemployment benefits fell again last week, continuing a trend that shows a slowly improving labor market in the United States.
A separate government report showed a steep rise in prices for food and fuel contributing to the biggest gain in the Consumer Price Index since June 2009.
The jobless claims report from the U.S. Labor Department Thursday said the number of applications for unemployment insurance fell for the third time in four weeks – to a seasonally adjusted figure of 385,000. The four-week average of new unemployment claims was the lowest since July 2008, which was early in the recent economic crisis.
The U.S. central bank said earlier in the week that the job market was improving and the economy was on a “firmer footing,” although the recovery was continuing slowly.
The inflation figures reported by the Labor Department showed a half-percent increase in the overall Consumer Price Index for February. Most of the increase was blamed on higher prices for food and gasoline. The so-called “core” inflation rate, which does not include food and fuel, was two-tenth’s of one percent for February.
Tags: Economy, USA separate government report showed a steep rise in prices for food and fuel contributing to the biggest gain in the Consumer Price Index since June 2009.
The jobless claims report from the U.S. Labor Department Thursday said the number of applications for unemployment insurance fell for the third time in four weeks – to a seasonally adjusted figure of 385,000. The four-week average of new unemployment claims was the lowest since July 2008, which was early in the recent economic crisis.
The U.S. central bank said earlier in the week that the job market was improving and the economy was on a “firmer footing,” although the recovery was continuing slowly.
The inflation figures reported by the Labor Department showed a half-percent increase in the overall Consumer Price Index for February. Most of the increase was blamed on higher prices for food and gasoline. The so-called “core” inflation rate, which does not include food and fuel, was two-tenth’s of one percent for February.
Posted in Economy, US
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