Despite the positive news, certain industries, such as hospitality and construction, continue to experience labor shortages.
Jobless claims dropped by 9,000 to 211,000 last week, the Labor Department reported Thursday. The four-week average of claims, which strips out week-to-week ups and downs, fell by 3,500 to 223,250.
Treasury yields got support from labor data to start the new year, as layoffs in the U.S. remained subdued. Weekly jobless claims fell to 211,000 from an upwardly revised 220,000. Economists surveyed ...
The Labor Department issues its weekly tally of new unemployment benefit claims on Thursday. The number of Americans applying ...