US – Initial Claims
11/01/2019 09:29 am MYT
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The seasonally adjusted initial claims for the week ending 5 Jan 2019 were 216,000, down 17,000 from the previous week. The 4-week moving average increased 2,500 from the previous week to 221,750 – see figure 1. Continuing jobless claims for the week ending 29 Dec 2018 registered a seasonally adjusted 1.722 mln, down 28,000 from the previous week, while the 4-week moving average increased by 15,250 to 1.721 mln. Layoffs continued to veer at historically low levels despite a noticeable rise. The underlying trend remained consistent with a tight labour market.

 

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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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