Factory, Labor Market | featured news

Jobless claims signal tepid labor market

Factory activity in the U.S. Mid-Atlantic region in July contracted for a third straight month and the number of Americans filing new claims for jobless aid surged last week, heightening worries about the economy's health.

 

Jobless claims fall as plants put off retooling

Jobless Claims

The number of Americans signing up for new jobless benefits last week fell to a four-year low but an unusual pattern for summer factory shutdowns marred what would have been a hopeful sign for the struggling labor market.

 

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