The number of Americans filing new applications for unemployment benefits fell to a five-month low last week and consumer spending increased more than expected in September.
Read More Weekly jobless claims at five-month low; consumer spending rises solidly
U.S. job openings fell to the lowest level in more than 3-1/2 years in September, pointing to a considerable easing in labor market conditions.
Read More US job openings drop to more than 3-1/2 year low in September
Boeing workers voted to reject the company’s latest contract proposal on Wednesday that would’ve ended a strike that has lasted over 40 days.
Read More Boeing Machinists Reject Latest Contract Proposal, Strike Continues Into 6th Week
Boeing recently announced a third-quarter loss of $6 billion following some 33,000 employees going on strike, as well as quality control issues which have crippled the struggling aviation corporation.
Read More Boeing Reports $6B Third-Quarter Loss As Striking Workers Negotiate A New Contract
Retail sales increased solidly in September likely as lower gasoline prices gave consumers more money to spend at restaurants and bars.
Read More Strong discretionary spending lifts US retail sales in September
Thousands of Boeing employees will be given their pink slips within the next few weeks, multiple union and industry sources claimed.
Read More Boeing To Layoff Thousands Of Workers As Strike Continues