U.S. jobless claims declined for 3rd consecutive week

New applications for U.S. jobless benefits unexpectedly fell last week and the number of Americans on unemployment rolls tumbled to a 28-1/2-year low, pointing to rapidly shrinking labor market slack. The economy’s brightening prospects were further boosted by other data on Thursday showing a sharp acceleration in factory activity in the mid-Atlantic region this month…

U.S. jobless claims drop to 263,000 last week, hit near 42-year low

The number of Americans filing new applications for jobless benefits fell more than expected to near a 42-year low last week, pointing to ongoing tightening in the labor market despite the recent slowdown in hiring. The data released on Thursday provides an upbeat check on the health of the labor market after last week’s monthly employment report increased doubts the Federal Reserve would raise interest rates by the end of this year…

U.S. NFP misses forecasts, employers add a mere 142,000 jobs in September

Employers added a mere 142,000 jobs in September, the Labor Department said on Friday, suggesting that the American economy is losing momentum after a similarly lackluster report for the previous month. The official unemployment rate held steady at 5.1 percent, but hourly wages for private sector workers actually fell slightly after jumping by a relatively robust 0.4 percent in August…

U.S. unemployment rate is now at 5.1%. So why are wages still stagnating?

Americans want higher wages. Pay hasn’t budged in years. It’s a problem that goes far beyond those earning minimum wage and fighting for $15 an hour. The middle class is stagnating too. American household income is just shy of $54,000. It’s barely moved from where it was 20 years ago. In recent years, many economists and the Federal Reserve have said: Don’t worry! Wage increases are coming along with a better economy…

U.S. jobless claims rise by 12,000 but trend still shows strength in the labor market

WASHINGTON, Sept 3 (Reuters) – The number of Americans filing new applications for unemployment benefits rose more than expected last week, but the underlying trend remained consistent with a strengthening labor market. Initial claims for state unemployment benefits increased 12,000 to a seasonally adjusted 282,000 for the week ended Aug. 29, the Labor Department said on Thursday…

U.S. jobless claims fall, homebuilder confidence hits 9-1/2 year high

The number of Americans filing new applications for unemployment benefits fell more than expected last week and confidence among homebuilders held at a more than 9-1/2-year high in July, indicating underlying momentum in the economy…

Fed likely to stick to rate hike plans later this year

The U.S. Federal Reserve is likely to stick with plans to raise interest rates later this year, with progress toward its employment and inflation goals helping allay concerns over the economy’s recent weakness, current and former Fed officials say. Fed Chair Janet Yellen, who on Friday will talk about the economy’s prospects, is expected to acknowledge the recent sluggishness, including near stagnant performance in the first few months of the year…

U.S. economic growth struggles to rebound but labor market tightening

The number of Americans filing new claims for unemployment benefits rose slightly more than expected last week, but the underlying trend continued to point to a rapidly tightening labor market. Despite the strength in the jobs market, the broader economy is struggling to kick into higher gear after growth braked sharply at the start of the year amid tepid consumer spending, as well as weak business investment and factory activity…

U.S. adds 223,000 jobs in April, unemployment lowest since 2008

America can breathe a sigh of relief. The economy is improving with the spring weather. The U.S. added 223,000 jobs in April, a healthy pick up after a disappointing March and about in line with what economists surveyed by CNNMoney projected. April’s strong job gains reflect a trend the country saw last year: job growth cooling in the winter months, then gaining momentum into the spring…

U.S. jobless claims, consumer spending data point to economy regaining momentum

(Reuters) – The number of Americans filing new claims for jobless benefits tumbled to a 15-year low last week and consumer spending rose in March, signs the economy was regaining momentum after stumbling badly in the first quarter. The economic outlook was brightened further by another report on Thursday showing a solid increase in wages in the first quarter…

U.S. jobless claims rose last week, but week before revised down to 15-year low

(Reuters) – The number of Americans filing new claims for jobless benefits rose less than expected last week and the four-week moving average of claims hit its lowest level since 2000, suggesting an abrupt slowdown in job growth in March was likely a fluke. Initial claims for state unemployment benefits increased 14,000 to a seasonally adjusted 281,000 for the week ended April 4, the Labor Department said on Thursday…

Initial jobless claims unexpectedly dropped 20,000 to 268,000 last week

(Reuters) – The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting the labor market continues to expand at a solid clip even as economic growth has stalled. Sustained labor market strength supports views that the sharp slowdown in activity is probably temporary. A host of factors ranging from bad weather to a strong dollar sucked momentum from the economy in the first quarter…

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