WASHINGTON (Reuters) - New claims for unemployment benefits fell slightly last week but a trend reading rose to its highest since January, the latest sign of a weaker pace of healing in the still-struggling labor market.
WASHINGTON — U.S. job growth rose more than expected in February, which could ease fears of an abrupt slowdown in economic growth and keep the Federal Reserve on track in reducing its monetary stimulus.
Employers added 175,000 jobs to their payrolls last month after creating 129,000 new positions in December, the Labor Department said on Friday. The unemployment rate, however, rose to 6.7% from a five-year low of 6.6%.
Economists polled by Reuters had expected nonfarm payrolls to rise 149,000 and the unemployment rate to hold steady at 6.6%.
WASHINGTON — The number of Americans filing new claims for unemployment benefits fell more than expected last week, which could ease fears of a marked deterioration in labour market conditions after a surprise stumble in job growth in March.
A raft of economic data out this morning boosted North American markets this morning as news on everything from retails sales to the labour market came in better than expected. Here’s the roundup:
Americans brave weather to buy, buy, buy
WASHINGTON — U.S. retail sales rose slightly more than expected in February, pointing to some strength in the economy after harsh weather abruptly slowed activity in recent months.
WASHINGTON — The number of Americans filing new claims for unemployment benefits fell last week, pointing to moderate job growth despite slowing economic activity.
Initial claims for state unemployment benefits declined 11,000 to a seasonally adjusted 346,000, the Labor Department said on Thursday. Claims for the prior week were revised to show 3,000 more applications received than previously reported.
Economists polled by Reuters had expected first-time applications to fall to 345,000 last week.