The U.S. labor market continues to show strength as jobless claims remain near historic lows. The Department of Labor reported that jobless claims rose slightly to 267,000 from the previous week’s number of 255,000. This result came in below consensus forecasts of 272,000 and is still within range of lows last achieved in 2000.
Clearly, the labor market has fully recovered from the recession and is experiencing the type of employment that suggests a boom period. But with recent GDP numbers only at 2.3% and wage growth stagnant at 2%, is the U.S. economy really getting anywhere or is it just running in place?
 Weekly Unemployment Claims

Written by

Apex Advisors
Apex Advisors is a tax specialty services firm dedicated to helping businesses innovate and grow in today’s increasingly competitive global marketplace. Founded in 2001 and headquartered in Los Angeles, California, Apex Advisors helps businesses claim valuable tax credits through a variety of federal and state programs, including Research & Development Tax Credits, Work Opportunity Tax Credits, Enterprise Zone Tax Credits, Sec. 179(d) and many others. Our experienced staff of accountants, tax attorneys, engineers, and former IRS agents and attorneys work closely with clients to provide the extensive research necessary to maximize tax benefits and provide rigorous defense against audits. At Apex Advisors, we invest in strong relationships that deliver better results. For more information, visit www.apexadvisorsus.com.

Related Posts