In another setback on employment, initial jobless claims jumped a larger than anticipated 20,000 to 457,000, the Labor Department announced Thursday. Economists had predicted initial jobless claims would total 443,000.
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Despite a decent 2% rise in third-quarter GDP growth and plunging initial jobless claims, consumer sentiment dipped to an 11-month low of 67.7 in its final October reading, down from the preliminary 67.9 October tally, and 68.2 level in September.
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New claims fell by 23,000 to 452,000 last week, but that’s offset somewhat by the prior week’s total being revised upward by 13,000. The numbers were a little better than expected, but still not enough to indicate a recovery g…
Initial jobless claims unexpectedly rose 13,000 to 462,000, but continuing claims plunged another 112,000 to 4.4 million, the Labor Department announced Thursday. Some of the decline in continuing claims comes from people who have exhausted their benef…
The recent stream of modestly positive economic news means the Fed probably won’t take any further action to stimulate the economy at its upcoming meeting. But nobody is calling the economy healthy yet.
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