U.S. Weekly Jobless Claims Drop Much More Than Expected To 204,000

First-time claims for U.S. unemployment benefits dropped by much more than expected in the week ended September 7th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 204,000, a decrease of 15,000 from the previous week’s revised level of 219,000. Economists had expected jobless claims to edge down to 215,000 […]

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Jobless claims fall to nearly 5-month low of 204,000 around Labor Day holiday

The numbers: The number of people who applied for unemployment benefits around Labor Day fell sharply to a nearly five-month low of 204,000, an extremely low reading that was likely exaggerated by the holiday and possibly Hurricane Dorian. Initial jobless claims, a rough way to measure layoffs, dropped 15,000 to 204,000 in the seven days ended Sept. 7, the government […]

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Americans’ View of the Current Economy Is the Highest in 19 Years

U.S. consumer confidence declined in August by less than forecast as Americans’ assessment of current conditions climbed to the highest level in almost 19 years, helped by a job market that remains robust. The Conference Board’s index eased to 135.1 this month from a revised 135.8, according to data from the New York-based group Tuesday that exceeded all estimates in […]

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ADP says 156,000 private-sector jobs added created in July

The numbers: The nation’s businesses created 156,000 private-sector jobs in July, payroll processor ADP said Wednesday, showing that companies are still willing to hire despite stiffer headwinds for the economy such as the ongoing trade spat with China. Economists polled by Econoday had forecast a gain of 155,000. Some 112,000 private-sector jobs were added in June, according to revised figures. […]

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