While you were sleeping Solid US jobless claims

Thu, 06 Mar 2014

By Margreet Dietz March 7 (BusinessDesk) – Wall Street climbed, pushing the Standard & Poor’s 500 Index to a fresh record high, after better-than-expected US jobs data bolstered optimism about the pace of recovery in the world’s largest economy. Initial jobless claims dropped by 26,000 to 323,000 in the week ended March 1, according to Labor Department data. "Initial claims returned to a more normal level, consistent with a healthy labour market turnover," said Yelena Shulyatyeva, an economist at BNP Paribas in New York, told Reuters. The...

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