NEW YORK, Oct 11 (Reuters) - The number of Americans filing new claims for unemployment benefits fell sharply last week to the lowest level in more than four and a half years, according government data on Thursday that suggested improvement in the labor market.
STORY: TABLE COMMENTS:
JORDAN WAXMAN, MANAGING DIRECTOR AND PARTNER AT HIGHTOWER IN NEW YORK
"Claims looked pretty strong, definitely a big drop down. We're starting to hear noise about companies hiring, and that's what the market is waiting for. Without labor market improvement, we can't get a sustainable rally. The numbers seem to be moving in the right direction."
MARKET REACTION: STOCKS: U.S. stock index futures added to their gains
(Americas Economics and Markets Desk; +1-646 223-6300)
Keywords: USA ECONOMY/JOBLESS CLAIMS