While you were sleeping Jobs data bolster record streak

Thu, 14 Mar 2013

By Margreet Dietz March 15 (BusinessDesk) - Wall Street advanced, pushing the Dow Jones Industrial Average to another record, as jobless claims posted a surprise drop last week, offering the latest clue that the labour market is gathering strength along with the rest of the economy. Initial claims for state unemployment benefits declined 10,000 to a seasonally adjusted 332,000, according to Labor Department data. Economists had expected claims to rise. "The recent labour market data signal at least steady, and potentially improving, job grow...

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