Applications for unemployment advantages fell to their lowest degree in eight months final week as companies proceed to retain employees regardless of elevated rates of interest meant to chill the economic system and labor market.
Jobless claims fell by 13,000 to 198,000 for the week ending Oct. 14, the Labor Department reported. That’s the fewest since January and about 14,000 fewer than analysts anticipated.
Despite the low degree of weekly first-time jobless profit functions, the variety of Americans remaining on the unemployment rolls — generally known as “continuing claims” — jumped to its highest degree in three months.
Overall, 1.73 million individuals had been amassing unemployment advantages the week that ended Oct. 7, about 29,000 greater than the earlier week and essentially the most since early July.
Netflix subscribers surge
Netflix added 9 million subscribers in the course of the third quarter, the Los Gatos, Calif.-based streaming video large mentioned, citing widespread unique reveals and older licensed content material, in addition to the corporate’s crackdown on password sharing.
Revenue was $8.5 billion within the quarter, up 8% from the identical time frame final yr, which was consistent with analyst estimates. Net revenue was $1.68 billion, in comparison with $1.4 billion a yr in the past.
In an effort to usher in much more income, Netflix additionally introduced it’s elevating the worth for its most costly streaming service by $2 to $23 per thirty days within the U.S. — a ten% improve — and its lowest-priced, ad-free streaming plan to $12 — one other $2 bump. The $15.50 per thirty days worth for Netflix’s hottest streaming possibility within the U.S. will stay unchanged, as will a $7 month-to-month plan that features intermittent commercials.
Source: www.bostonherald.com”