jobless

In the wake of promising retail sales and jobless claims data, Goldman Sachs Group Inc. economists have revised the risk of a U.S. recession in the next year from 25% to 20%. What Happened: The team of economists at Goldman Sachs reassessed the recession risk due to positive economic data released...

Initial jobless claims increased by 6,000 over last week, according to Department of Labor data released Thursday morning. 278,000 people filed for unemployment insurance for the first time last week. Estimates pegged the number at 271,000. The four-week moving jobless claim fell 1,750 to 207,250....