US Weekly Jobless Claims Hit More Than 48-1/2-Year Low

Labor News

Job seekers and recruiters gather at TechFair in Los Angeles, California on March 8, 2018. REUTERS/Monica Almeida

Reprinted from The New York Times by Reuters on July 19, 2018.

The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting its lowest level in more than 48-1/2 years, as the labour market continues to strengthen.

Other data on Thursday showed manufacturing activity in the mid-Atlantic region accelerated in July, driven by a surge in new orders received by factories. But manufacturers reported paying more for inputs.

They were less upbeat about business conditions and capital expenditures over the next six months, a sign that import tariffs were starting to hurt business sentiment. …

NY Times 7/19

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