U.S. Surges 11-Year High

Consumer Sentiment in U.S. Surges to 11-Year High

Payrolls climbed by 252,000 workers in December following a 353,000 increase the prior month, and the jobless rate declined to 5.6 percent, the lowest level since June 2008. Meanwhile, more Americans filed applications for unemployment benefits last week, probably an indication that companies let go of seasonal workers after the holidays. Jobless claims climbed by 19,000 to 316,000 in the week ended Jan. 10.

The cheapest gas in more than five years is expected to lift consumers’ spirits by helping stretch paychecks a little further.

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