Weekly jobless claims grew at lower-than-expected rate

Filed under: AM Roundup |

The number of jobless claims rose to lower levels than expected last week as seasonal auto shutdowns continued to influence the number of first-time unemployment benefit applicants, said Bloomberg.

The job market may take time to grow as a global slowdown and looming U.S. fiscal policy changes in the world’s biggest economy keep employers reluctant to add workers.

Read more at Bloomberg.