In a recent study, the number of Americans filing new claims for jobless benefits unexpectedly fell last week, indicating a resilient labor market that continues to defy expectations of a significant slowdown. Initial claims for state jobless benefits fell by 3,000 to a seasonally adjusted 217,000 for the week ended… Read More »The surprising decline in US jobless claims reveals a resilient labor market
The US economy has defied expectations and is on track for its fastest growth in nearly two years. According to the Commerce Department’s advance estimate, third quarter GDP is expected to increase at an impressive annualized rate of 4.3%. This would exceed the previous high of 4.1% recorded in the… Read More »The US economy surprises with the strongest growth in two years
The red hot US job market was not as blistering as originally reported in the year to March, after the Labor Department on Wednesday cut its estimate of total payrolls for this month by 306,000 and private employment by even more. The cut, the first of two annual “benchmark” reviews… Read More »Labor market not as hot as US cuts job creation by 306K
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