US – Initial Claims
12/10/2018 09:02 am MYT
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Layoffs remained on a downtrend amidst the tight labour market. The seasonally adjusted initial claims for the week ending 6 Oct 2018 were 214,000, up 7,000 from the previous week. The 4-week moving average increased 2,500 from the previous week to 209,500 – see figure 1. Continuing jobless claims for the week ending 29 Sep 2018 registered a seasonally adjusted 1.660 mln, up 4,000 from the previous week, while the 4-week moving average decreased by 10,000 to 1.656 mln, making for its lowest level since 18 Aug 1973.

 

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Note from Publisher
This month marked the 74th anniversary of the end of World War II (WW II). WW II was the deadliest military conflict in history, claiming 50-60 mln lives. The number of civilian casualties, estimated to be 45 mln, is greater than that of the military. Millions were injured and about 30 mln civilians were displaced. Certain races were nearly decimated. Poland and the Soviet Union respectively lost 16% and14% of their populations. Although the Allied powers emerged as the eventual victor, in actual fact, no one is a winner; in a war, everyone is a loser.

Between WW I and WW II, there were about two decades of uneasy and fragile peace. From the end of WW II until now, the human race has managed to live together largely in peace for about three quarters of a century. After WW II, many international organisations were set up to promote inter-governmental corporations and serve as platforms for settling disputes in a peaceful manner. The stable and peaceful environments have allowed the accumulation of knowledge and much technological breakthrough to take place, which in turn has significantly lifted the quality of lives for the human race.

However, the memory of the horrors of war is fast fading. Many politicians and people have been taking peace for granted and are playing with fires which seriously threaten the fragile global peace. The commemoration of the end of WW II should receive more prominence, lest the world forgets the cruelty of war and the preciousness of fragile peace.
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