Payroll growth slows in November as labor market tightens

Private payrolls grew by 179,000 in November, below Wall Street estimates of 195,000, according to ADP and Moody’s Analytics. The service sector added 163,000, led by professional and business services. Medium-size businesses were the biggest job creators. “This month’s report is free of significant weather effects and suggests slowing underlying job creation,” says Mark Zandi,…

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US weekly jobless claims fall, while continuing claims drop to the lowest level since 1973

New applications for U.S. unemployment benefits dropped last week and the number of Americans on jobless rolls fell back to levels last seen in 1973. The data suggested a further tightening in labor market conditions. Initial claims for state unemployment benefits decreased 5,000 to 210,000 for the week ended Oct. 13, the Labor Department said….

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US weekly jobless claims increase more than expected

New applications for U.S. unemployment benefits increased more than expected last week. The number of claims remained below a level consistent with a healthy labor market, however. Initial claims for state unemployment benefits rose 11,000 to a seasonally adjusted 234,000 for the week ended May 19. New applications for U.S. unemployment benefits increased more than…

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