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U.S. jobless claims near 43-year low; new home sales decline
June 23, 2016 by elegant · Leave a Comment
The number of Americans filing for unemployment benefits fell last week to near a 43-year low, suggesting labor market resilience even though hiring slowed sharply in May. The drop in jobless claims could give Federal Reserve officials more confidence that job growth will pick up. “Overall labor market conditions are not as bad as one might assume based on May's non-farm payroll print alone,” said Jim Baird, chief investment officer at Plante Moran Financial Advisors in Kalamazoo, Michigan.
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U.S. jobless claims near 43-year low; new home sales decline