U.S. jobless claims at 43-year low; import prices edge up

U.S. jobless claims at 43-year low; import prices edge up
 

The number of Americans filing for unemployment benefits held at a 43-year low last week, pointing to sustained labour market strength that could pave the way for the Federal Reserve to raise interest rates in December.
Thursday's report from the Labor Department added to data such as September automobile sales and manufacturing and services sector surveys in reinforcing the view that economic growth picked up in the third quarter after a sluggish performance in the first half of the year.
Initial claims for state unemployment benefits were unchanged at a seasonally adjusted 246,000 for the... read more

 
13 October 2016 in Business, Views: 38
Source: Reuters
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