The number of new jobless claimants in the US rose last week to an unexpected 480,00 for the week ending December 12th from a revised 473,000 the week before.
Ã¢â‚¬Å“The level of new claims remains elevated,Ã¢â‚¬Â said Steven Wood, president of Insight Economics LLC in Danville, California. Ã¢â‚¬Å“The labor market is improving, but remains soft.Ã¢â‚¬Â
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