US weekly jobless claims fall to 11-month low as labor market remains stable
The number of Americans filing new applications for unemployment benefits fell to an 11-month low last week, pointing to a stable labor market.
The number of Americans filing new applications for unemployment benefits fell to an 11-month low last week, pointing to a stable labor market.
Wall Street’s main indexes rose in the first trading session of 2025 as investors pinned their hopes on a fresh political landscape and more interest rate cuts.
More people continued to collect unemployment checks at the end of November relative to the beginning of the year as demand for labor cools.
The latest report revealed by the Labor Department showed that U.S. inflation rose in November from the pace it set a month earlier, going up for the second month in a row.
U.S. unit labor costs grew far less than initially thought in the third quarter, pointing to a still favorable inflation outlook even though price increases have not moderated much.
Retail sales increased slightly more than expected in October as households boosted purchases of motor vehicles and electronic goods.
The number of Americans filing new applications for unemployment benefits fell last week, suggesting the labor market continued to chug along.
The latest jobs report shows that job growth slowed in the month of October, coming in under economists’ expectations, while the unemployment rate was unchanged.
The number of Americans filing new applications for unemployment benefits fell to a five-month low last week and consumer spending increased more than expected in September.
U.S. job openings fell to the lowest level in more than 3-1/2 years in September, pointing to a considerable easing in labor market conditions.