AppId is over the quota
AppId is over the quota
ECONOMYSEPTEMBER 1, 2011, 3:50 P.M. ET
The number of people claiming new jobless benefits dropped last week, but the still-elevated level reflects a continued weakness in the U.S. labor market.
Separately, U.S. labor costs rose last spring even more than first thought as worker productivity fell, threatening to hurt corporate profits and job growth amid the economy's fight to recover.
Initial jobless claims fell by 12,000 to a seasonally adjusted 409,000 in the week ended Aug. 27, the Labor Department said Thursday. Claims filed in the previous week were revised to 421,000 from an originally reported 417,000.
Economists had forecast claims would drop by less than ...
The number of people claiming new jobless benefits dropped last week, but the still-elevated level reflects a continued weakness in the U.S. labor market.
Separately, U.S. labor costs rose last spring even more than first thought as worker productivity fell, threatening to hurt corporate profits and job growth amid the economy's fight to recover.
Initial jobless claims fell by 12,000 to a seasonally adjusted 409,000 in the week ended Aug. 27, the Labor Department said Thursday. Claims filed in the previous week were revised to 421,000 from an originally reported 417,000.
Economists had forecast claims would drop by less than ...
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