From Bloomberg Business:
The number of applications for unemployment benefits unexpectedly increased last week to a six-month high, indicating tempered progress in the labor market...
“Overall, I wouldn’t be too concerned,” said Gregory Daco, head of U.S. macroeconomics at Oxford Economics USA in New York. “As long as the trend continues to be gradual, it’s not excessively worrying. We are going to see more moderate job growth as the labor market continues to tighten.”
Read the article here.