The number of Americans applying for unemployment benefits declined last week, remaining within the historically low levels seen since the COVID-19 pandemic, economists say.
Read More Dept. of Labor: U.S. unemployment claims drop, remaining in ‘healthy’ range
U.S. job openings dropped sharply in March, but a decline in layoffs suggested that the labor market remained on solid footing.
Read More US job openings fall in March; layoffs decline
The ADP National Employment Report on Wednesday also showed a moderation in wage growth for workers changing jobs.
Read More US private payrolls post smallest gain in seven months
More people continued to collect unemployment checks at the end of November relative to the beginning of the year as demand for labor cools.
Read More US weekly jobless claims unexpectedly rise
Consumer prices increased by the most in seven months, but that is unlikely to discourage the Federal Reserve from delivering a third consecutive interest rate cut next week.
Read More US consumer prices post largest gain in seven months; cost of rent subsides
Rick Scott has won Florida’s Senate race.
Read More Florida Senate Race Results