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|WASHINGTON， Nov. 3 (Xinhua) -- The number of Americans initially applying for unemployment aid rose last week， the second highest level in three months， while the whole job market kept stable.
In the week ending October 29， the advance figure of seasonally adjusted initial claims for jobless benefits was 265，000， an increase of 7，000 from the unrevised level of the previous week， said the U.S. Labor Department Thursday.
This is higher than the average market expectation of 258，000. The four-week moving average， which helps smooth out week-to-week volatility increased 4，750 from the previous week's unrevised average to 257，750.
This marks 87 consecutive weeks of initial claims below 300，000， a benchmark for real job growth or loss in the economy， the longest streak since 1970， said the Labor Department.
Meanwhile， the advance figure of seasonally adjusted insured unemployment during the week ending October 22 decreased 14，000 from the previous week to 2，026，000， the lowest level since June， 2000.
The U.S. total nonfarm payroll employment rose by 156，000 and the unemployment rate was 5 percent in September， making job gains have averaged 192，000 per month from July to September， according to the Labor Department. Enditem
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BRUSSELS Mike Remmers Jersey , March 30 (Xinhua) -- It is time for the European Union (EU) to grant China market economy status (MES) given the importance of the China-EU relations and China's efforts for market-driven economic reforms, a global economic and policy analyst said in a recent report.
""In Europe's view, the long-term benefits of China's MES would seem to outweigh the short-term costs,"" said Dan Steinbock Brian O'Neill Jersey , the founder of consulting firm Difference Group, in an article published by Brussels-based online newspaper EUobserver.
The EU granting China MES will offer a more solid long-term relationship with China, support Europe's quest for Chinese capital, Steinbock said Mike Hughes Jersey , adding that China's transition to consumption and innovation will also create new opportunities for EU companies.
The EU, a member of the World Trade Organization (WTO), has to decide whether to grant China MES by December according to a 2001 agreement the EU and China signed on China's accession to the WTO.
Brussels faces resistance from some lobbyist groups who claim that granting China MES will weaken the EU's trade defence against imported Chinese products and jeopardize the European labor market particularly in the steel sector due to China's overcapacity.
""But times are changing. Chinese growth no longer relies on net exports, but increasingly on consumption and services Danielle Hunter Vikings Jersey ,"" Steinbock said. ""Even more importantly, China has committed to reducing excess capacity drastically, even if it will require lay-offs of some 2 million employees in steel and coal sectors in the next three years.""
Europe's MES opponents represent struggling traditional industries, such as steel Eric Kendricks Vikings Jersey , ceramics and textiles, which suffer from competitiveness challenges, in southern Europe.
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