April 21, 2016

THE ECONOMY IS NOT GOING TO BE AN ISSUE:

U.S. jobless claims hit 42-1/2-year low as labor market firms (LUCIA MUTIKANI, 4/21/16, Reuters)


The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting its lowest level since 1973, suggesting an apparent sharp slowdown in economic growth in the first quarter could be temporary.

While another report on Thursday showed a mild weakening in factory activity in the mid-Atlantic region in April, manufacturers were fairly upbeat about business prospects in the next six months. This, together with labor market buoyancy bodes well for a pick-up in economic growth in the second quarter.

Posted by at April 21, 2016 7:52 PM

  

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