FOREX TradingCharts.com

Financial News: U.S. Weekly Jobless Claims Drop More Than Expected

U.S. Weekly Jobless Claims Drop More Than Expected To 214,000

07/12/2018 - 09:19:00 (RTTNews)

(RTTNews) - First-time claims for U.S. unemployment benefits fell by more than expected in the week ended July 7th, according to a report released by the Labor Department on Thursday.

The report said initial jobless claims dropped to 214,000, a decrease of 18,000 from the previous week's revised level of 232,000.

Economists had expected jobless claims to edge down to 225,000 from the 231,000 originally reported for the previous week.

The Labor Department said the less volatile four-week moving average also dipped to 223,000, a decrease of 1,750 from the previous week's revised average of 224,750.

Continuing claims, a reading on the number of people receiving ongoing unemployment assistance, also slipped by 3,000 to 1.739 million in the week ended June 30th.

The four-week moving average of continuing claims still rose to 1,728,500, an increase of 9,500 from the previous week's revised average of 1,719,000.

Last Friday, the Labor Department released a separate report showing employment in the U.S. increased by more than expected in the month of June.

The report said non-farm payroll employment jumped by 213,000 jobs in June after surging up by an upwardly revised 244,000 jobs in May.

Economists had expected employment to climb by 195,000 jobs compared to the addition of 223,000 jobs originally reported for the previous month.

Despite the stronger than expected job growth, the unemployment rate rose to 4.0 percent in June from 3.8 percent in May. The unemployment rate was expected to be unchanged.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


BRAZIL: DI Rates Close Slightly Lower On Powell Remarks (10 min(s), 59 sec(s) ago)
(RTTNews) - The one-day interbank deposit futures rates (DI rates) in Brazil ended lower, reflecti ...Full Story»

Australia Leading Index On Tap For Wednesday (04 min(s), 59 sec(s) ago)
(RTTNews) - Australia will on Wednesday release June results for the leading economic index from W ...Full Story»

Powell: Gradually Raising Interest Rates The Best Way Forward (32 min(s), 59 sec(s) ago)
(RTTNews) - Federal Reserve Chairman Jerome Powell reiterated during testimony on Capitol Hill on ...Full Story»

U.S. Homebuilder Confidence Holds Steady In July (36 min(s), 59 sec(s) ago)
(RTTNews) - Homebuilder confidence in the U.S. has held steady in the month of July, according to ...Full Story»

U.S. Industrial Production Rebounds In Line With Estimates In June (34 min(s), 59 sec(s) ago)
(RTTNews) - Partly reflecting a rebound in auto production, the Federal Reserve released a report ...Full Story»

UK Pay Growth Slows Amid Record Employment (32 min(s), 59 sec(s) ago)
(RTTNews) - Britain's employment level set a fresh record in the three months to May and unemp ...Full Story»

Poland's Avg Gross Wages Rise More Than Forecast (10 min(s), 59 sec(s) ago)
(RTTNews) - Poland's average gross wages increased more than expected in June, figures from St ...Full Story»

Croatia Inflation Highest Since Apr 2013 (58 min(s), 59 sec(s) ago)
(RTTNews) - Croatia's consumer price inflation accelerated further in June to the highest leve ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

BRAZIL: DI Rates Close Slightly Lower On Powell Remarks

07/17/2018 - 20:06 PM (RTTNews)
(RTTNews) - The one-day interbank deposit futures rates (DI rates) in Brazil ended lower, reflecti ...Full Story>>

Australia Leading Index On Tap For Wednesday

07/17/2018 - 18:00 PM (RTTNews)
(RTTNews) - Australia will on Wednesday release June results for the leading economic index from W ...Full Story>>

Powell: Gradually Raising Interest Rates The Best Way Forward

07/17/2018 - 11:28 AM (RTTNews)
(RTTNews) - Federal Reserve Chairman Jerome Powell reiterated during testimony on Capitol Hill on ...Full Story>>

U.S. Homebuilder Confidence Holds Steady In July

07/17/2018 - 10:32 AM (RTTNews)
(RTTNews) - Homebuilder confidence in the U.S. has held steady in the month of July, according to ...Full Story>>

U.S. Industrial Production Rebounds In Line With Estimates In June

07/17/2018 - 09:30 AM (RTTNews)
(RTTNews) - Partly reflecting a rebound in auto production, the Federal Reserve released a report ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.