Americans filing for unemployment benefits unexpectedly rose but remained near a 49 year low. This increase appeared unlikely to make a dent in the US labor market which remains strong. The claims for state unemployment benefits increased by 7,000 and adjusted to 214,000 for the week. Earlier, economists suggested that the clai.... Read more »
The September unemployment rate declined to 3.7% in September and the total nonfarm payroll employment increased by 134,000. The main job gains were in the professional and business services which includes health care, transportation and warehousing. Hurricane Florence affected sections of the East Coast in the month of Sept.... Read more »