1 month ago
The Economic Times
Economists polled by Reuters had forecast 200,000 claims for the latest week. Claims were unchanged between the January and February survey weeks.Economists expect strong employment growth in February, though the pace probably slowed from last month's eye-popping 517,000 jobs. The unemployment rate at 3.4% in January was the lowest in more than 53 years. That was revised down from the 2.9% pace reported last month.Economists had expected GDP growth to be unrevised. The housing market slump looks to be nearing a bottom, with sales of previously owned homes falling moderately last month.
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