Business Irish

Sunday 17 December 2017

Fewer Americans signing on

FEWER Americans filed claims for unemployment benefits last week, showing employers are holding off on firings as growth prospects improve. Jobless claims decreased by 5,000 to 343,000 from a revised 348,000. Muted staff reductions are a sign that companies are keeping headcount steady even as economic growth struggles to gain strength. Greater demand may persuade employers to add to staff as the Federal Reserve weighs whether labour market progress is enough to reduce its monthly bond-buying. (Bloomberg)

FEWER Americans filed claims for unemployment benefits last week, showing employers are holding off on firings as growth prospects improve. Jobless claims decreased by 5,000 to 343,000 from a revised 348,000. Muted staff reductions are a sign that companies are keeping headcount steady even as economic growth struggles to gain strength. Greater demand may persuade employers to add to staff as the Federal Reserve weighs whether labour market progress is enough to reduce its monthly bond-buying. (Bloomberg)

Irish Independent

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