Labor market firming, but inflation still benign

By using Lucia Mutikani WASHINGTON (Reuters) – The selection of American citizens filing new claims for unemployment benefits fell greater than expected ultimate week, suggesting some strengthening of labor market prerequisites. Other knowledge on Thursday confirmed wholesale prices fell for a second straight month in October. Initial claims for state unemployment benefits dropped 21,000 to a seasonally adjusted 323,000, the Labor Department said. "We have a market that's no longer creating plenty of jobs and we’re not dropping quite a few jobs," stated Craig Dismuke, chief economic strategist at Vining Sparks in Memphis.