The Traderszone Network

Published in TZ Latest News 2 October, 2014 by The TZ Newswire Staff

Jobless claims drop, point to stronger labor market

The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, a sign the labor market may be tightening. Initial claims for state unemployment benefits dropped 8,000 to a seasonally adjusted 287,000 in the week ended Sept. 27, the Labor Department said on Thursday. The trend suggest “labor market slack is on the decline,” said Gennadiy Goldberg, an strategist at TD Securities.

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