Last week, U.S. jobless claims decreased by 5,000 to 343,000.
Last week, U.S. jobless claims decreased by 5,000 to 343,000, reports Bloomberg.
The fact that fewer Americans are claiming unemployment benefits suggests employers are holding off on firings as the economy continues to improve. The demand for consumer goods, such as automobiles, is increasing, adds Bloomberg. This means employers need additional staff.
Almost all the gains were in the historically volatile education sector, economist explains
This sustained strength makes it likelier that the Federal Reserve will raise its key rate again before year's end
Higher borrowing costs could lead Federal Reserve to forgo another hike
Exports of gold and crude oil helped drive results
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