US jobless claims decline for third straight week as labor market tightens

US jobless claims decline for third straight week as labor market tightens

The number of Americans filing for unemployment benefits unexpectedly fell last week, suggesting a rapid tightening of the labor market that bolsters expectations the Federal Reserve will raise interest rates next week. While another report on Thursday showed layoffs announced by U.S.-based employers rising to a seven-month high in November, the overall trend in job […]

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