US stock indexes slid for the fifth straight session on Thursday as fresh signs of a tight labor market raised expectations of an aggressive approach by the Federal Reserve, lifting bond yields and pressuring growth stocks. The weekly jobless claims fell more-than-expected last week and layoffs dropped in August, consistent with strong demand for workers. Investors now await the monthly nonfarm payrolls report on Friday for more evidence on the labor market. “The data coming out still keeps reaffirming how strong the labor market is… even if you get 200,000-250,000 job numbers (tomorrow), that is still a labor market that …
