Shobhana Chandra
ReporterShobhana Chandra is a reporter with Bloomberg.
Shobhana Chandra is a reporter with Bloomberg.
Jobless claims rose by 10,000 to 247,000 in the week ended Jan. 7 from the lowest level since 1973, a report from the Labor Department showed Thursday in Washington.
The U.S. labor market turned in a solid performance at the end of 2016, putting job gains above 2 million for a sixth year as paychecks rose by the most during the current expansion.
Fewer Americans filed applications for unemployment benefits last week, reinforcing the picture of a healthy job market.
A steady job market signals employers were willing to keep hiring in the days before and after the Nov. 8 presidential election.
Wages rise less than estimated; manufacturing jobs decline
Fewer Americans than forecast filed applications for unemployment benefits last week, indicating the U.S. job market remains healthy.
Almost one of every four employees loses interest in an opening if they don’t hear back from a prospective employer within a week of being interviewed.