Ryan Sweet

U.S. Jobless Claims Near 44-Year Low; Rate Hike Expected This Month

by

The number of Americans filing for unemployment benefits fell to near a 44-year low last week, pointing to further tightening of the labor market even as economic growth appears to have remained moderate in the first quarter. The stronger labor market and rising inflation could push the Federal Reserve to raise interest rates this month. … Read more

U.S. November Payrolls Seen Strong, To Cement Rate Hike Views

by

U. S. employers likely boosted hiring in November amid growing confidence in the economy, making it almost certain that the Federal Reserve will raise interest rates later this month. Nonfarm payrolls probably increased by 175,000 jobs last month after rising by 161,000 in October, according to a Reuters survey of economists. The Labor Department will … Read more