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Jobless claims, hiring data brighten US labor market view

Thursday's reports underscored the economy's strength and supported views that the United States would weather the impact of last month's British referendum to leave the EU

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Jobless Claims

Reuters  |  Washington 

US private payrolls increased more than expected in June as small businesses ramped up hiring, and fewer Americans applied for unemployment benefits last week, suggesting a rebound in job growth after May's paltry gains. Thursday's reports underscored the economy's strength and supported views that the United States would weather the impact of last month's British referendum to leave the European Union. "The labor market does not seem to be faltering. The apparent willingness of small business owners to bring on new workers is a clear sign that the economy is ...

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First Published: Thu, July 07 2016. 20:59 IST
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