The jobs market may be showing serious signs of improvement, in new statistics out Thursday morning.
The Department of Labor said that unemployment applications fell last week by 12,000, down to a seasonally adjusted 365,000. According to the Associated Press, a consistent number below 375,000 is seen as the number that suggests hiring is strong enough to lower the unemployment rate.
In addition, the ADP National Employment Report announced that employers added an estimated 201,000 private-sector jobs in August, according to Reuters, far surpassing the original expectation of 140,000. The payroll processing company’s figure for July was also revised to 173,000, up from 163,000.
