Jobless Claims in U.S. Hold Below 300,000 for a 16th Week
U.S. Personal Spending Surges 0.9%, Boosted by Incomes
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Filings for U.S. unemployment benefits held below 300,000 for the 16th straight week, signaling a tighter labor market that will help propel growth in the second half of 2015.
Jobless claims rose by 3,000 to 271,000 in the week ended June 20, a Labor Department report showed Thursday in Washington. The median forecast of economists surveyed by Bloomberg called for 273,000 new applications.