Drop in jobless claims points to labor market strength

June 9, 2016 12:35 PM

11 0

Drop in jobless claims points to labor market strength

WASHINGTON The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to sustained strength in the labor market despite a sharp slowdown in hiring last month.

Initial claims for state unemployment benefits declined 4,000 to a seasonally adjusted 264,000 for the week ended June 4, the Labor Department said on Thursday. Claims for the prior week were revised to show 1,000 more applications received than previously reported.

Also read: MOVES-ING hires Tay to head Asian debt syndicate

Read more

To category page

Loading...