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jake harry

Weekly Jobless Claims Fall, Ongoing Claims Lowest Since 2007 - 1 views

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    The total of Americans filing new requests for unemployment assistances fell more than anticipated, signifying that a severe stoppage in job progress last month was perhaps a deviation. Initial claims for state unemployment benefits dropped 36,000 to a seasonally adjusted 280,000 for the week ended Sept. 13, the Labor Department said last Sept. 11. It was the lowermost level ever since July. Claims for the previous week were studied to show 1,000 more applications received than formerly reported. Economists polled by Reuters had forecast claims falling to only 305,000 last week. Westhill Consulting Career and Employment, Australia is also feeling the growth since last year, an example were the upsurge in the economy in Indonesia which eventually paved the way of many job openings in Jakarta. Since then, lesser complaints were reported. The four-week moving average of claims, measured a better amount of labor market drifts as it irons out week-to-week instability, fell 4,750 to 299,500. A Labor Department analyst said there were no special factors influencing the state level data. This month's data covered the period during which employers were charted for September's non-farm payrolls. Claims drop 19,000 between the August and September survey times. That proposes payrolls growth bounce back from August's eight-month low, which most economists terminated as a fluke, noting that payroll improvements tend to be lesser in August for the reason that of problems regulating the data for seasonal variations in hiring. Employers appended only 142,000 jobs to their payrolls in August, breaking six consecutive months of job upsurges above 200,000. The jobless claims report displayed the number of people still getting benefits after an early week of aid dropped
thomas lloyd

Southeast Asia Rig Market Challenge - 1 views

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    By 25 active operators in Southeast Asia with 46 rigs, the contracting conditions have been challenging due to the collapse in crude oil prices while exploration and production spending have pressured both utilization and day rates in the region INTRODUCTION Southeast Asia is rich with hydrocarbon resources. The region is made up of Brunei, Burma, Cambodia, Timor-Leste, Jakarta Indonesia, Laos, Malaysia, Papua New Guinea, Singapore, Thailand, and Vietnam. According to Shell, the Indonesia oil industry and what subsequently became Royal Dutch Shell are closely connected. Shell discovered commercial quantities of crude oil in Sumatra just over 100 years ago. Moreover, Shell was the first to bring a drilling rig to the region and the first to discover oil off of Brunei in 1958. Today there are about 25 operators active in Southeast Asia with 46 rigs (Jack Ups, Semis and Drillships) currently contracted. Forty one of the contracted rigs are drilling, and five are waiting on location or in shipyards. In addition to the rigs that are contracted in the region, there are eight cold stacked units, nine ready stacked units, and one unit in the shipyard without a contract for a total supply of 64 rigs. Thus, total utilization in the region is 72% and ready utilization is 84%. While indications are that Jack-Up Market fundamentals have begun to stabilize. Southeast Asia only has eight semisubmersibles actively drilling in its waters (one other is contracted but not currently working). Four are off Malaysia, two are off Vietnam, one is off the Jakarta Peninsula, and another is off Myanmar. However, the drilling Jack Up count is significantly higher at 31 (four others are contracted but not currently working). Malaysia has the highest Jack Up count at twelve, followed by Vietnam with seven, Thailand with five, Indonesia with four, Brunei Darussalam with two, and East Timor with one. There are also two Drill ships working in the region. One is off Malaysia and the other is of
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