Comment on Applications for US jobless aid fell sharply last week

Applications for US jobless aid fell sharply last week

WASHINGTON (AP) — Fewer Americans applied for unemployment benefits last week in a sign of a stable job market despite the slowing global economy hitting stocks and commodities. The domestic economy appears to have withstood the pressures created by a slowing Chinese economy, fragile growth in Europe and a meltdown in developing economies such as Brazil, Russia and Venezuela. Retailers and restaurants accounted for roughly two-thirds of the net job gains last month, while wage growth has accelerated over the past year.

 

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