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.
Fewer Americans are filing applications for unemployment benefits, consumer confidence is rising and manufacturing is picking up as the world’s largest economy shows additional signs of strengthening.
Fewer Americans filed applications for unemployment benefits last week, a sign of steady progress in the labor market.
"If we start to see stronger wage growth, that will turn up the heat on the Fed to possibly raise rates sooner."
- Ryan Sweet on Jul 31, 2014
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'