Filings for U.S. unemployment benefits fell last week to the second-lowest level since 1973, as employers show scant willingness to fire workers amid a tightening labor market. Jobless claims dropped by 5,000 to 249,000 in the week ended Oct. 1, a Labor Department report showed Thursday in Washington. The median forecast in a Bloomberg survey called for 256,000. Continuing claims declined to the lowest level since 2000.
Filings were just a hair above the four-decade low of 248,000 from April, a sign of minimal layoffs ahead of Friday’s monthly employment report. Companies are going head-to-head in finding skilled applicants amid record job openings, indications of a healthy labor market that may encourage Federal Reserve officials to raise the benchmark interest rate before the end of the year.
Euro is currently being traded around 1.1180 area, Sterling is at 1.2630 level, while Aussie is around 0.7570 handle.
UK still likely to leave the EU with a negotiated agreement, says Number 10
Sentix Investors Confidence rose to 14.7 in August
German factory orders -4.0% seasonally adjusted on the previous month
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
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