FINANCIAL TIMES: The US labour market displayed a sign of improvement on Thursday when government figures showed new claims for jobless benefits falling sharply and the overall number of Americans collecting unemployment insurance dropping to the lowest level in more than two years…
Initial jobless claims went down 37,000 to 404,000 last week, the labour department said in the latest release of weekly figures. That was a steeper decrease than Wall Street analysts expected and brought the less volatile measure of the four-week average of claims down to 411,750…
Economists have argued that unemployment claims need to fall to the low 400,000s before the economy can generate meaningful job creation… (more)
