The number of Americans filing applications for unemployment benefits was unexpe...
WASHINGTON, - The number of Americans filing applications for unemployment benefits was unexpectedly unchanged at a five-month high last week, suggesting some softening in the labor market.
Economists polled by Reuters had forecast claims decreasing to 219,000 in the latest week. The Labor Department said only claims for Pennsylvania were estimated last week. While that would suggest little change in job gains this month, employment growth will be boosted by the return to payrolls of about 46,000 workers at General Motors .
Minutes of the Federal Reserve’s Oct. 29-30 policy meeting published on Wednesday showed that while officials at the U.S. central bank viewed labor market conditions as remaining strong, they also acknowledged the slowdown in the pace of job gains.
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