Recent improvements in the fight against unemployment in the US took a step backwards last week as the number of new claims for jobless benefits rose by 26,000 to 397,000.
Ã¢â‚¬Å“WeÃ¢â‚¬â„¢re just giving back the distortions from the holiday in the prior week,Ã¢â‚¬Â said Mike Englund, chief economist at Action Economics LLC in Boulder, Colorado. Ã¢â‚¬Å“It does appear that tightening in the labor market has gained a little steam.Ã¢â‚¬Â
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