July 7, 2016
OBOOMA:
Private payrolls, low jobless claims underscore U.S. labor market strength (LUCIA MUTIKANI, 7/07/16, Reuters)
U.S. private payrolls increased more than expected in June and fewer Americans applied for unemployment benefits last week, suggesting a rebound in job growth after May's paltry gains.
Thursday's reports underscored the economy's strength and supported views that the United States would weather the impact of last month's British referendum to leave the European Union. [...]
Claims have now been below 300,000, a threshold associated with a healthy labor market, for 70 straight weeks, the longest stretch since 1973.
Posted by Orrin Judd at July 7, 2016 11:05 AM