US jobless claims fall as labor market strengthens

US jobless claims fall as labor market strengthens

Americans are having more success when it comes to job hunting as the labor market strengthens, according to the US Department of Labor. Jobless claims have been below 300,000 per week for 76 straight weeks now, the longest stretch since 1973. However, this could result in the Federal Reserve raising interest rates in the near future.

 

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