Business

U.S. Jobs Picture Improving, Manufacturing May be Slowing

In this Thursday, Nov. 14, 2013, file photo, retired U.S. Army Sgt. 1st Class Duane Stubbs, right, of Morrow, Ga., shakes hands with retired U.S. Army 1st Sgt. Leland Smith, CEO of SolidHires, during a job fair for veterans at the VFW Post 2681, in Marietta, Ga. The Labor Department reports on the number of Americans who applied for unemployment benefits last week on Wednesday, Nov. 27, 2013. (AP Photo/David Goldman, File)
In this Thursday, Nov. 14, 2013, file photo, retired U.S. Army Sgt. 1st Class Duane Stubbs, right, of Morrow, Ga., shakes hands with retired U.S. Army 1st Sgt. Leland Smith, CEO of SolidHires, during a job fair for veterans at the VFW Post 2681, in Marietta, Ga. The Labor Department reports on the number of Americans who applied for unemployment benefits last week on Wednesday, Nov. 27, 2013. (AP Photo/David Goldman, File)

(Reuters) – The number of Americans filing new claims for unemployment aid unexpectedly fell last week, but continued weakness in business spending on capital goods suggested slower economic growth in the fourth quarter.

Initial claims for state jobless benefits fell 10,000 to a seasonally adjusted 316,000, the Labor Department said on Wednesday. The second straight week of declines defied economists’ expectations for a rise in claims to 330,000 and raised hopes for strong payroll growth in November.

“We are at a level that, if sustained, would point to solid job gains ahead. There is also a good chance that the October payroll gain may not have been an aberration,” said Joel Naroff, chief economist at Naroff Economic Advisors in Holland, Pennsylvania.

Employers added 204,000 new jobs to their payrolls last month, far more than expected, fanning speculation that the U.S. Federal Reserve might start to wind down its economic stimulus sooner rather than later.

READ MORE

Tags
Show More

Related Articles

Back to top button

My News Matters to me - Washington Informer Donations

Be a Part of The Washington Informer Legacy

A donation of your choice empowers our journalists to continue the work to better inform, educate and empower you through technology and resources that you use.

Click Here Today to Support Black Press and be a part of the Legacy!

Subscribe today for free and be the first to have news and information delivered directly to your inbox.


By submitting this form, you are consenting to receive marketing emails from: Washington Informer Newspaper, 3117 Martin Luther King Jr. Ave SE, Washington, DC, 20032, http://www.washingtoninformer.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact
Close

Adblock Detected

Please consider supporting us by disabling your ad blocker