The number of new claims for unemployment benefits for the week ended February 19th fell more than expected to 391,000. This is a decrease of 22,000 from the previous week and is the third week in the past month where climas have decreased.
Ã¢â‚¬Å“The labor market has been on the upswing,Ã¢â‚¬Â Millan Mulraine, a senior U.S. strategist at TD Securities Inc. in New York. Ã¢â‚¬Å“As the pace of layoffs continues to decline, it is an indication that not only are businesses not firing as fast they used to, but they may in fact begin hiring.Ã¢â‚¬Â
Source: Bloomberg 
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