Posted on 10/09/2015 4:22:26 AM PDT by John W
WASHINGTON (Reuters) - The number of Americans filing new applications for jobless benefits fell more than expected to near a 42-year low last week, pointing to ongoing tightening in the labor market despite the recent slowdown in hiring.
The data released on Thursday provides an upbeat check on the health of the labor market after last week's monthly employment report increased doubts the Federal Reserve would raise interest rates by the end of this year.
Initial claims for state unemployment benefits dropped 13,000 to a seasonally adjusted 263,000 for the week ended Oct. 3, the Labor Department said.
That was the lowest since mid-July when the number of claims was at its lowest since 1973. Hitting such a historical low is remarkable considering the U.S. workforce has grown considerably since the 1970s.
(Excerpt) Read more at finance.yahoo.com ...
Good grief, I quit the danged things when I was 29 but I was smoking three packs a day then. I would need to make nearly three hundred a week now after taxes just to smoke those same cigarettes.
Nasty habit, but the dividends are decent.
Nobody is working so how can they lose a job they don’t have?
But if you want to push the obozo agenda, I shant let facts stand in your way.
With 142.3 million employed.
But if you want to push the obozo agenda,
Pointing out your factual error isn't pushing the obozo agenda.
I shant let facts stand in your way.
Irony is ironic.
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