Even with the slight uptick in jobless claims, the average over the past month is at its lowest level since 1973. Employers remain optimistic and are choosing to retain rather than fire staff, despite lackluster economic growth in the first three months of the year. That indicates the labor market remains solid and will contribute to a U.S. economy that’s widely expected to accelerate in the second quarter.
Unemployment Claims increased to 234,000
U.S. jobless-benefit claims are hovering near levels that continue to reflect a strong labor market, with figures little changed last week, Labor Department data showed Thursday. Initial benefit filings increased 1k to 234k (forecast was 238k). Continuing claims rose 24k to 1.923m in week ended May 13 (data reported with one-week lag). Four-week average of initial claims, a less-volatile measure than the weekly figure, decreased to 235,250 from 241,000 in the prior week.
- Popular
-
UK still likely to leave the EU with a negotiated agreement, says Number 10
A successful deal with the European Union remains the “most… -
Sentix Investors Confidence rose to 14.7 in August
The summer heat in Europe is also causing economic temperatures… -
German factory orders -4.0% seasonally adjusted on the previous month
Based on provisional data, the Federal Statistical Office (Destatis) reports… -
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
China's exports are expected to have maintained solid growth in…
Tags
aud/usd2605
boe106
brexit96
china122
cpi147
daily fundamental2278
daily technical2199
ecb113
eur/usd1497
eurozone88
EurUsd1227
forex8896
gbp/usd1447
GbpUsd1111
gdp95
industrial production106
inflation73
interest rates219
ppi93
rba91
resistance71
retail sales125
support71
trade balance108
uk188
unemployment claims160
unemployment rate122
usd1004
weekly fundamental565
weekly technical419