The number of Americans filing applications for unemployment benefits last week remained elevated, indicating the partial federal shutdown this month weakened the world’s largest economy.
Orders for durable goods dropped in October, pointing to a slowdown in U.S. business investment that will curb U.S. economic growth this quarter.
Fewer Americans applied for unemployment benefits over the past month than at any time in seven years, a sign of a healthier labor market that’s helping brighten consumer sentiment.
Employment costs rose at a slower pace in the third quarter compared with the prior three months, indicating workers have limited scope to bargain for higher wages as the U.S. economy struggles to pick up.
"The labor market will continue to improve."
- Ryan Sweet on Jan 15, 2015
Moody’s Sweet Sees Retail Sales `Holding Up'
Moody’s Analytics's Sweet Says Consumers Holding Up
Sweet Says Latest Economic Data Is `Worrying'
Sweet Says Job Market Has `Taken a Step Back'