The number of Americans getting fired is hovering near the lowest levels in almost 15 years, indicating the slowdown in hiring last month will prove temporary.
Fewer than 300,000 American workers filed applications for unemployment benefits for the sixth consecutive week, pointing to labor-market strength even as hiring cooled last month.
ewer Americans applied for unemployment benefits over the past four weeks than at any time in almost 15 years, signaling underlying strength in the labor market even as hiring cooled last month.
Wages and salaries rose at a slower pace in the fourth quarter, indicating workers have limited success bargaining for pay increases even as the labor market improves.
The fewest Americans in almost 15 years filed applications for unemployment benefits during a holiday- shortened week that typically makes the data more volatile.