While you were sleeping US jobs, consumers surprise

Thu, 01 Nov 2012

By Margreet Dietz Nov 2 (BusinessDesk) - Wall Street received much-needed good news in the form of better-than-expected data on the American jobs market and consumer confidence, bolstering optimism about a recovery in the world's largest economy. Applications for unemployment benefits declined 9,000 to 363,000 in the week ended October 27. That bettered expectations of economists polled by Bloomberg News, who had forecast 370,000. Data for New Jersey and the District of Columbia were estimated because those offices were closed due to Hurrican...

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