The Traderszone Network

Published in TZ Latest News 4 February, 2016 by The TZ Newswire Staff

U.S. jobs market signals loss of momentum; productivity plunges

Initial claims for state unemployment benefits increased 8,000 to a seasonally adjusted 285,000 for the week ended Jan. 30, the Labor Department said. The four-week moving average of claims, considered a better measure of labor market trends as it irons out week-to-week volatility, rose 2,000 to 284,750 last week. At the same time, a stock market rout sparked by fears of a global economic slump has caused financial conditions to tighten.