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WASHINGTON (AP) — One economist says it's "just a matter of time" before there's a "run of big gains" in monthly hiring figures.
Ian Shepherdson of Pantheon Macroeconomics is reacting to today's report that the number of people seeking unemployment benefits last week fell by 8,000 -- and that the total number of people on unemployment is at its lowest level in more than eight years.
The government's September jobs report is due out tomorrow. Economists say it will show a rebound from the numbers in August -- when employers added 142,000 jobs, down from an average of 212,000 in the preceding 12 months.
The consensus forecast is that employers added 215,000 jobs last month.
128-c-22-(David Melendy, AP correspondent)-"possible hiring ahead"-AP correspondent David Melendy reports that declining unemployment benefits have reached a new milestone. (2 Oct 2014)
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127-v-30-(David Melendy, AP correspondent)--The number of Americans collecting unemployment benefits has dropped to an eight-year low. AP correspondent David Melendy reports. (2 Oct 2014)
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