US weekly jobless claims drop to fresh 13-mth low ...Qatar

Gulf Times - News
US weekly jobless claims drop to fresh 13-mth low
source : Gulf Times ( Qatar ) () 27
Fewer Americans filed new claims for unemployment benefits last week as the labour market recovery gains steam amid an economic boom, which is being fuelled by a rapidly improving public health situation and massive government financial assistance. Labour market strength was reinforced by other data yesterday showing US-based employers in April announced the fewest job cuts in nearly 21 years. The reports added to other upbeat employment data in suggesting that the economy enjoyed another blockbuster month of job growth in April. But the labour market is not out of the woods yet, with about 16.2mn people still on unemployment benefits. “Claims are signalling a new stage in the labour market

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