Re: 2018 midterm elections catch-all thread
The good and the bad from the labor report....The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting its lowest level in more than 48 1/2 years, as the labor market continues to strengthen.
Other data on Thursday showed manufacturing activity in the mid-Atlantic region accelerated in July, driven by a surge in new orders received by factories. But manufacturers reported paying more for inputs.
They were less upbeat about business conditions and capital expenditures over the next six months, a sign that import tariffs were starting to hurt business sentiment.
Initial claims for state unemployment benefits dropped 8,000 to a seasonally adjusted 207,000 for the week ended July 14, the lowest reading since early December 1969, the Labor Department said.