Initial jobless claims rose 26,000 to 436,000 in the latest week, but Labor Department officials caution that the report contains a seasonal adjustment associated with the Thanksgiving Day holiday. The more-telling four week av…
Initial jobless claims rose more than expected last week.
Claims increased to 26,000 to 436,000 in the week ending Nov. 27, The Department of Labor said. The revised average for the previous week was 410,000.
A survey of economist by Reuters foreca…
The consumer sentiment index rose a better than expected 3.9 points in November to 71.6 — its highest level since June, as Americans sensed modest improvement in the job market. Its still below historic norms, though, and sust…
Initial jobless claims dropped by 34,000 to 407,000, much lower than expected. The numbers suggest that the labor market is slowly improving, and nearing the point of reversing the negative trend driven by the deep recession.
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Initial jobless claims fell to the lowest level since July 2008 last week, dropping 34,000 to 407,000 in the week ending Nov. 20, the Department of Labor said Wednesday.
The figures were sharply lower than economists’ forecast of 435,000.
Employers…