Subscribe Login
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Business Bites
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup
      • Olympics
      • #
    • Videos
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obits
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Business Bites
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup
      • Olympics
      • #
    • Videos
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obits
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
  • Home
  • News
    • International News
  • Latest
  • Business
    • Business Bites
  • Cartoon
  • Games
  • Food Awards
  • Health
  • Entertainment
    • Bookends
  • Regional
  • Sports
    • Sports
    • World Cup
    • World Champs
    • Olympics
  • Videos
  • Career & Education
  • Classifieds
  • All Woman
  • Environment
  • Webinars
  • More
    • Football
    • Elections
    • Letters
    • Advertorial
    • Columns
    • Editorial
    • Supplements
  • Epaper
  • Design Week
Business
May 2, 2013

US economic reports hold out hope for hiring gains

WASHINGTON, USA — Fewer Americans are losing their jobs. Employers are struggling to squeeze more work from their staffs. The US is producing so much oil that imports are plunging, narrowing the trade deficit.

A string of data Thursday raised hopes for stronger hiring and US growth in coming months. More jobs would spur spending and help energize the economy, which has yet to regain full health nearly four years after the Great Recession officially ended.

And an interest rate cut Thursday by the European Central Bank, if it helps bolster the European economy, could also contribute to US growth.

The US economic reports came one day before the government will report how many jobs employers added in April. Economists think the gain will exceed the 88,000 jobs added in March, the fewest in nine months.

The government said Thursday that the number of Americans applying for unemployment aid fell last week to a seasonally adjusted 324,000 — the fewest since January 2008. Unemployment applications reflect the pace of layoffs: A steady drop means companies are shedding fewer workers. Eventually, they’ll need to hire to meet customer demand or to replace workers who quit.

The four-week average of unemployment applications, which is less volatile than the weekly figure, sank to 342,250. That was near a five-year low.

The figures for unemployment applications “point to potential improvement moving into May,” said Ted Wieseman, executive director of Morgan Stanley Research.

The government also said Thursday that the productivity of US workers barely grew from January through March after shrinking in the last three months of 2012. Productivity shows how much employees produce per hour of work. When it remains weak, employers can’t keep pulling more output from their staffs. As customer demand strengthens, they’ll need to hire.

{"website":"website"}{"jamaica-observer":"Jamaica Observer"}
0 Comments · Make a comment

ALSO ON JAMAICA OBSERVER

Leaders set blistering pace at Sandals US Travel Advisors Golf Tournament
Latest News, Sports
Leaders set blistering pace at Sandals US Travel Advisors Golf Tournament
ANDRE LOWE Sports content manager lowea@jamaicaobserver.com 
September 11, 2026
The Nicklaus team produced a remarkable opening round of 60 to establish an early lead at the 22nd staging of the Sandals US Travel Advisors Golf Tour...
{"jamaica-observer":"Jamaica Observer"}
‘Chicken’ killed in St Andrew police shootout; illegal gun seized
Latest News, News
‘Chicken’ killed in St Andrew police shootout; illegal gun seized
September 11, 2026
KINGSTON, Jamaica —A man was shot dead during a alleged confrontation with the police at Lincoln Alley in St Andrew on Friday morning. The dead man ha...
{"jamaica-observer":"Jamaica Observer"}
JPS Freezer Swap Initiative in Riverton Meadows empowers small business operators
Advertisement, Latest News, Social Love
JPS Freezer Swap Initiative in Riverton Meadows empowers small business operators
September 11, 2026
JPS, through its Community Renewal Department, has taken another step to empower residents in the Riverton Meadows community, more popularly known as ...
{"jamaica-observer":"Jamaica Observer"}
Jamaican boxers make weight ahead of Caribbean showdown
Latest News, News
Jamaican boxers make weight ahead of Caribbean showdown
September 11, 2026
GEORGETOWN, Guyana — Jamaicans Daniel Hylton and Toriano Nicholas have successfully made weight ahead of their respective bouts at the Caribbean Boxin...
{"jamaica-observer":"Jamaica Observer"}
CPFSA removes five abandoned babies from Spanish Town Hospital
Latest News, News
CPFSA removes five abandoned babies from Spanish Town Hospital
September 11, 2026
KINGSTON, Jamaica —The Child Protection and Family Services Agency (CPFSA) has removed all five babies who were previously abandoned by their parents ...
{"jamaica-observer":"Jamaica Observer"}
Latest News, News, Videos
Market Bag: Peppers hit $700, lettuce now $1,500 as food prices continue to soar
September 11, 2026
KINGSTON, Jamaica — Food prices continue to rise at the Coronation Market in downtown Kingston as farmers struggle with the effects of a worsening dro...
{"jamaica-observer":"Jamaica Observer"}
APB recovers $17.6m in stolen agriculture produce
Latest News, News
APB recovers $17.6m in stolen agriculture produce
September 11, 2026
KINGSTON, Jamaica   — The Agricultural Protection Branch (APB) of the Jamaica Constabulary Force (JCF) is reporting the recovery of more than $17.6 mi...
{"jamaica-observer":"Jamaica Observer"}
Cashan urges fans to ‘Take It Easy’ amid social media pressure
Entertainment, Latest News
Cashan urges fans to ‘Take It Easy’ amid social media pressure
September 11, 2026
Reggae singer Cashan is encouraging listeners to resist the pressure of social media and allow success to unfold naturally with her latest single, Tak...
{"jamaica-observer":"Jamaica Observer"}
❮ ❯

Polls

HOUSE RULES

  1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper; email addresses will not be published.
  2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
  3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
  4. Please do not write in block capitals since this makes your comment hard to read.
  5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.
  6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.
  7. Lastly, read our Terms and Conditions and Privacy Policy

Recent Posts

Archives

Facebook
Twitter
Instagram
Tweets

Polls

Recent Posts

Archives

Logo Jamaica Observer
Breaking news from the premier Jamaican newspaper, the Jamaica Observer. Follow Jamaican news online for free and stay informed on what's happening in the Caribbean
Featured Tags
  • Editorial
  • Columns
  • Health
  • Auto
  • Business
  • Letters
  • Page2
  • Football
Categories
  • Business
  • Politics
  • Entertainment
  • Page2
  • Business
  • Politics
  • Entertainment
  • Page2
Ads
img
Jamaica Observer, © All Rights Reserved
  • Home
  • Contact Us
  • RSS Feeds
  • Feedback
  • Privacy Policy
  • Editorial Code of Conduct