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Business arrow Financial Services arrow Applications for jobless benefits in the U.S. most attacks of Sept. 11


Applications for jobless benefits in the U.S. most attacks of Sept. 11
Monday, 17 November 2008
The number of initial requests for aid in the U.S. last week has risen to the highest level of the terrorist attacks of Sept. 11, 2001 and the number of permanently unemployed has reached a maximum of 25 years, announced CNNMoney.

Labor of the United States reported that initial applications for aid had reached 516 thousand for the week to November 8. In comparison, for the week to September 29, 2001 their number was 517 thousand. Compared with the previous week applications have increased by 32 thousand were expected to increase to 479 thousand, for the same period of last year the number was 338 thousand

The number of permanently unemployed rose to C 65 thousand million in 3897 to Nov. 1. In comparison, at the same time last year they were 2587 million

Average for the past four weeks initial requests for assistance have increased by 13 250 to 491 thousand data over 400 thousand were recorded during the last two recession.

Most initial claims rose in Ohio and Michigan because of reductions in the automotive industry.

Retail sales in the U.S. by a record decline

Retail sales in the U.S. in October reported a record fall, reported Bloomberg. Reduction indicator of 2.8 percent was the fourth consecutive monthly decline and the biggest of 1992, when the U.S. Department of Commerce began to keep these statistics.

Retail sales, excluding automobiles, are also registered its worst result.

Consumption may continue to decline because of growing job losses, collapse of stock prices and housing. Companies for retail sales decreased earnings forecasts, expecting the worst holiday season in six years.

Average expectations were for a decline in sales in October by 2.1 percent. For the September decline in the indicator was revised in a negative direction to 1.3 percent.

By excluding automobiles, sales fell by 2.2 percent.

Sales of luxury goods reported the biggest decrease since banks refuse loans.

Sales at filling stations fell by 13 percent, partly due to reduction in the price of petrol on average $ 1 a gallon.

Sales growth was recorded in restaurants.
 
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