Jobless claims fall to 7-year low
First-time claims for unemployment benefits suddenly fell to the lowest level since early 2006, according to CNNMoney. About 292,000 people filed initial claims for unemployment benefits in the week ended Sept. 7, the article said. That's a 31,000 drop to the lowest level since April 2006. However, the U.S. Labor Department noted that two states reported incomplete results due to possible complications with computer systems. Once those states submit their final data, the article said, the total is likely to be revised higher in the next few weeks.
Thrifty spending habits seen dying hard even as economy lifts
Consumers are sticking to frugal shopping habits developed in the recession even though the economy is showing signs of recovery, Reuters reports. This news has industry executives thinking some behavior changes begun during that time could be permanent. Since the financial crisis of 2008, consumers have flocked to discount stores, shifted from branded goods to private-label alternatives and shopped more often at convenience stores or online rather than spending on expensive fuel to drive to out-of-town hypermarkets, the article said. These trends have benefited discounters including Aldi and Lidl, as well as stores that carry a variety of own-label products.
Stocks ease back from record highs
Markets are staging a mild retreat from near-record highs, CNNMoney reports. U.S. stock futures were slightly lower Thursday, and the September rally may lose some steam after recent gains pushed major indexes close to record levels. Markets around the world also ticked down, the article said.
Top female editor leaving publishing
Tina Brown, one of America's and the world's most visible female editors, is leaving her latest creation - the website The Daily Beast - to start her own conference company, reports The New York Times. Brown, former editor of Vanity Fair and The New Yorker magazines, is speaking in Altoona next month at the annual IWLC conference.