the-backdrop
U.S. labor market firming; inflation remains benign
August 12, 2016 by creative · Leave a Comment
The number of Americans filing for unemployment benefits fell last week, pointing to sustained labor market strength in early August that could help spur faster economic growth. Other data on Thursday showed an unexpected rise in import prices in July as a drop in petroleum prices was offset by gains in the cost of other goods. “The data remain consistent with a still-strong trend in employment growth, which means …
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U.S. labor market firming; inflation remains benign