One day before the big Labor Department report, a trio of reports show promising signs of a recovery.
A trio employment-related reports released Thursday offered promising data about the country's recovering jobs market--and instilled expectations that Friday's Labor Department report will announce significant employment gains for August.
The number of new jobless claims fell by 12,000 to 365,000 for the week of September 1, the Department of Labor said. That's the lowest number of new claims in four weeks, and the sharpest weekly drop in six weeks.
And while the ADP report suggests that firms are increasing staffing, outplacement company Challenger, Gray & Christmas reports a drop in layoffs as well. The Challenger report said employers planned to cut 32,239 workers from their payrolls in August--the fewest number of layoffs for U.S. firms since December 2010.
JOHN MCDERMOTT is a business and culture reporter whose work has appeared in the Chicago Tribune and Playboy and on AOL.com. He recently moved from Chicago to Brooklyn, New York, to work for Inc.com. @J_M_McDermott