Morning Business Report: Unemployment claims fall, markets slide, and major corporate moves shape the economy
New economic data shows jobless claims remain well below expectations.
(LILAMAX)- New economic data shows jobless claims remain well below expectations. First-time unemployment filings totaled 218,000 last week — significantly lower than the Dow Jones estimate — easing fears of a weakening labor market. Despite that good news, U.S. markets fell in Thursday trading. Meanwhile, the government collected $31 billion in tariffs for August, putting the U.S. on pace for…