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By Peter Stevenson MEMBERS of Volunteer Doctors Cyprus have treated around 350 people at their free clinic in Nicosia since it opened three months ago, while two more, one in Paphos and one in Polis are due to open today. Limassol also has a free clinic, which was opened only last month, and plans have been drawn ...
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SOME 10 days ago, foreign minister Ioannis Kasoulides raised expectations by announcing the possibility of a deal with Turkey for the opening of the fenced off area of Famagusta, for the return of its inhabitants. In exchange the Cyprus government would agree to the opening of Tymbou airport to direct flights. ...
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By George Psyllides PRIVATE auditors have expressed doubt the electricity authority (EAC) could be considered a going concern and have asked its board to draft a credible plan to tackle the problem, according to the auditor-general’s 2012 report on the semi-state company. Among other issues, ...
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Cyprus Internet Directory [ Jobless claims unexpectedly rose last week ]

Jobless claims unexpectedly rose last week

Jobless claims unexpectedly rose last week
February 04, 2010 - Reuters

The number of workers filing new applications for jobless benefits unexpectedly rose last week, according to a government report on Thursday that pointed to a labor market still under stress even as the economy grows.

Initial claims for state unemployment benefits increased 8,000 to a seasonally adjusted 480,000 in the week ended January 30, the Labor Department said.

Analysts polled by Reuters had forecast claims falling to 460,000 from a previously reported 470,000.

A Labor Department official described the report as "straight forward." Delays in processing applications due to short staffing at some state employment offices over the holidays resulted in a backlog that distorted claims data over the past weeks.

Unemployment, which is lagging the broader economic recovery, is one of President Barack Obama's toughest challenges. Unhappiness over unemployment cost Obama's Democrats a crucial Senate seat last month and threatens big losses for the party in the November congressional elections.

The four-week moving average for new claims rose 11,750 to 468,750 last week. The four-week moving average, considered a better gauge of underlying trends, rose for a third week after falling for 19 weeks.

The number of workers still collecting benefits after an initial week of aid increased 2,000 to 4.60 million in the week ended January 23. This was above market expectations for 4.58 million. So-called continuing claims remained below 5 million for the sixth week.

The insured unemployment rate, which measures the percentage of the insured labor force that is jobless, was unchanged at 3.5 percent in the week ended January 23.


(Source: Financial Mirror, http://www.financialmirror.com/News/Cyprus_and_World_News/19257)



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