Job seekers line up to apply during "Amazon Jobs Day," a job fair at the Amazon.com Fulfillment Center in Fall River, Massachusetts, U.S., August 2, 2017. REUTERS/Brian Snyder
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
The number of Americans filing for unemployment benefits unexpectedly fell last week, dropping to its lowest level in nearly 45 years as the labor market tightened further, bolstering expectations of faster wage growth this year.Initial claims for state unemployment benefits decreased 9,000 to a seasonally adjusted 221,000 for the week ended Feb. 3, the Labor Department said.Last week marked the 153rd straight week that claims remained below the 300,000 threshold, which is associated with a strong labor market.The labor market is near full employment, with the jobless rate at a 17-year low of 4.1 percent. Prices for U.S. Treasuries fell, with the yield on the benchmark 10-year note rising to a near four-year high also as the Bank of England said interest rates probably need to rise sooner.
FOLLOW THIS ARTICLE