The number of new applications for unemployment benefits for the week ending December 3rd fell by 38,000 from the previous week to 381,000. This represents a nine-month low and beat forecasts of 395,000 new claims.
Ã¢â‚¬Å“The labor market is improving,Ã¢â‚¬Â said Brian Jones, a senior U.S. economist at Societe Generale in New York. Ã¢â‚¬Å“The numbers are moving in the right direction. You have to be careful because weÃ¢â‚¬â„¢re around the Thanksgiving holiday and the Department of Labor has a hard time adjusting around floating holidays.Ã¢â‚¬Â
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