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.


Note from Publisher
After occupying the front pages of the world’s media for about four months, the Covid-19 pandemic has finally handed the spotlight over to the eruption of nationwide riots in the US this week. The scenes of civilian protests turning into flimsy grounds for explicitly racist state violence are a sobering reminder that the US is no land of the free and equal, especially if you are black or a coloured minority. However, British, Canadians, Australians and Europeans too quick to put themselves on a pedestal must remember the anti-blackness endemic in their own societies, and understand that their own law enforcement agencies also manifests this prejudice with violence and impunity. It is not just the white Americans who need to change.
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