02192019Tue
Last updateTue, 19 Feb 2019 5pm

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Jobless Claims Decline, Productivity Increases

Fewer Americans filed claims for unemployment benefits last week and workers were more productive in the first quarter, signs that the worst of the job cuts may be over.

Applications for jobless benefits unexpectedly dropped by 34,000 to 601,000 in the week ended May 2, the least since late January, figures from the Labor Department showed today in Washington. Productivity rose at a 0.8 percent annual rate from January through March, rebounding from a 0.6 percent decline in the fourth quarter, Labor also reported.

Source: Bloomberg

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Senator Signals EFCA Compromise Without 'Card Check'

The controversial "card check" provision in the Employee Free Choice Act (EFCA) may be dropped in a compromise, one of the bill's Democratic sponsors in the Senate said Monday.

"Compromises are going to be made," Sen. Tom Harkin (D-Iowa) told Bloomberg News. "It [the bill] probably wont be card-check because too many people are opposed to it now."

Source: The Hill

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Private-Sector Employment Falls by 491,000 in April

Private-sector employment in the United States fell by 491,000 jobs in April, the smallest decline in six months, according to the ADP employment index released Wednesday.

The relative improvement was widespread across industries, said Joel Prakken, chairman of Macroeconomic Advisers, the consulting firm that computes the index for payroll giant Automatic Data Processing Inc. from hundreds of thousands of anonymous payroll reports.

Source: Market Watch

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NAM Praises New Consumer Safety Appointments

President Obama will nominate Inez Moore Tenenbaum, South Carolina’s former school superintendent, to head the Consumer Product Safety Commission, the White House announced on Tuesday.

Mr. Obama also is asking that the troubled agency, which has been criticized as being too close to corporate America, receive $107 million — a 71 percent increase since fiscal 2007, the statement said.

Source: New York Times

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Global Manufacturing Contraction Stabilizes in April

The global manufacturing recession continued in April, with rates of contraction for output, new orders and employment all showing what are effectively sharp contractions by historical standards. The rates of contraction however moderated almost universally, and this is now the fourth month where this moderation has been evident.

Source: Seeking Alpha

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