UK car sales suffer big fall in September; Hammond’s war chest ‘shrinks’ – business live – The Guardian

President Trump will be quick to point towards the strength of the labour market on the back of today’s positive jobless claims data. The initial impact of hurricanes Harvey, Irma and Maria have typically increased the number of new applications for unemployment benefits. However, today’s dip dampens fears of job growth restraint in the coming months.

Initial jobless claims are unlikely to return to August’s record lows for a while yet, though. Weekly claims had previously been operating at their lowest level since the early 1970s, but with many businesses yet to reopen in the wake of the natural disasters, a number of Americans are still faced with little choice but to seek unemployment benefits.

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