Economic Outlook Brightens as Unemployment Rolls Near 29-Year Low

New applications for U.S. jobless benefits unexpectedly fell last week and the number of Americans on unemployment rolls tumbled to a 28-1/2-year low, pointing to rapidly shrinking labor market slack.

The economy’s brightening prospects were further boosted by other data on Thursday showing a sharp acceleration in factory activity in the mid-Atlantic region in May as manufacturers reported a jump in goods shipments and more hours for workers.

In addition, a gauge of future U.S. economic activity rose again in April.

The raft of upbeat economic data supports an interest rate hike next month, though the Federal Reserve’s decision could also hinge on the state of financial markets, which have been rattled in recent days by President Donald Trump’s scandals.

The cloud over Trump, stemming from his firing last week of the FBI chief and reports that the U.S. leader disclosed national security information to Russian officials, is seen as

admin

admin

Leave a Reply

Recent Posts

Trump Supporters: Get Your 2020 'Keep America Great' Shirts Now!

Are you a proud supporter of President Donald Trump?

If so, you’ll want to grab your 2020 re-election shirt now and be the first on your block to show your support for Trump 2020!

These shirts are going fast so click here to check for availability in your area!

-> CHECK AVAILABILITY HERE


More Popular Stuff for Trump Supporters!

MUST SEE: Full Color Trump Presidential Coin (limited!)

Hilarious Pro Trump 'You are Fake News' Tee Shirt!

[Exclusive] Get Your HUGE Trump 2020 Yard or House Flag!

<