Initial claims for state unemployment benefits dropped 19,000 to a seasonally adjusted 235,000 for the week ended November 12, the lowest level since November 1973, the Labor Department said.
Prospects for a rate hike next month also got a boost from other data on Thursday showing first-time applications for unemployment benefits tumbling to a 43-year low last week and housing starts surging to a nine-year high in October.
Core inflation still lacks a convincing upward trend and wage growth has been unexpectedly subdued, but the Eurozone economy is developing along the path seen earlier so it was premature to make a call either way, minutes of the October 20 meeting showed, repeating policymakers widely discussed view.
Janet Yellen said Fed policymakers at their meeting earlier in November judged that the case for a rate hike had strengthened.
Investors were also reluctant to push yields higher for now, after they rose so sharply in a short space of time, analysts said.
Saudi officials have repeatedly sought to refute speculation on maintaining the currency's peg to the dollar as the country battles slowing growth and slumping oil income.
Consumer prices rose 0.9% compared with a year ago, the Office for National Statistics said, below economists' expectation for a 1.1% annual rise.
According to WTO's World Trade Outlook Indicator, "global trade will pick up slightly in the fourth quarter of 2016".
Asserting that H-1B visa creates more jobs, a Silicon Valley-based CEO has urged US President- elect Donald Trump to reform the system and increase the quota of this speciality work visa.
UK India Business Council chair Patricia Hewitt said this agreement should be forward-looking, considering the economic drivers of the future rather than the current or past.
Republican presidential candidate Donald Trump has said his contract with the American voter begins with a plan to end government corruption and to take back the country from the special interests.
It was the 87th straight week that claims remained below 300,000, a threshold associated with a healthy labour market.
With six days before Americans choose a new president, the Federal Reserve sent a dual message on Wednesday.
The Commerce Department said consumer spending, which accounts for about 70% of US economic activity, increased 0.5% after a downwardly revised 0.1% drop in August.
The biggest shock would be a victory by Republican Donald Trump or a sweep by Hillary Clinton and the Democrats.
Stronger-than-expected growth figures published on Thursday further diminished the likelihood of the Bank of England cutting rates as soon as next week, prompting investors to sell British government bonds.
Countries like Britain and Germany could breathe life into an academic theory intended to offer poorer, emerging economies some respite if they fall on hard times.
The kingdom's post-oil plan is nothing more than window dressing for unpopular austerity measures, the minister said.
But the risks are to the downside, ECB President Mario Draghi said, meaning performance is more likely to be worse than better.