FOREX TradingCharts.com

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

U.S. Jobless Claims Drop More Than Expected To 246,000

02/02/2017 - 09:16:00 (RTTNews)

(RTTNews) - A day ahead of the closely watched monthly jobs report, the Labor Department released a report on Thursday showing a bigger than expected drop in first-time claims for U.S. unemployment benefits in the week ended January 28th.

The report said initial jobless claims dropped to 246,000, a decrease of 14,000 from the previous week's revised level of 260,000.

Economists had expected jobless claims to dip to 253,000 from the 259,000 originally reported for the previous week.

Meanwhile, the Labor Department said the less volatile four-week moving average rose to 248,000, an increase of 2,250 from the previous week's revised average of 245,750.

The report also said continuing claims, a reading on the number of people receiving ongoing unemployment assistance, fell by 39,000 to 2.064 million in the week ended January 21st.

The four-week moving average of continuing claims also declined to 2,079,750, a decrease of 13,000 from the previous week's revised average of 2,092,750.

Friday morning, the Labor Department is scheduled to release its more closely watched monthly employment report for January.

The report is expected to show that employment increased by 175,000 jobs in January after climbing by 156,000 jobs in December. The unemployment rate is expected to hold at 4.7 percent.

Payroll processor ADP released a report on Wednesday showing much stronger than expected private sector job growth in the month of January.

The report said private sector employment jumped by 246,000 jobs in January after climbing by a revised 151,000 jobs in December.

Economists had expected an increase of about 168,000 jobs compared to the addition of 153,000 jobs originally reported for the previous month.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Eurozone Inflation Climbs To ECB Target (14 min(s), 19 sec(s) ago)
(RTTNews) - Eurozone inflation accelerated more-than-expected in April, returning within the Europ ...Full Story»

U.S. Economic Growth Slows More Than Expected In Q1 (54 min(s), 19 sec(s) ago)
(RTTNews) - Economic growth in the U.S. slowed by more than anticipated in the first three months ...Full Story»

ECB Forecasters Revise Up Growth & Inflation Expectations (01 hr(s), 10 min(s), 19 sec(s) ago)
(RTTNews) - Professional forecasters expect euro area consumer prices to rise faster than earlier ...Full Story»

UK Growth At 1-Year Low As 'Brexit' Weighs On Spending (01 hr(s), 20 min(s), 19 sec(s) ago)
(RTTNews) - The U.K. economy expanded the least in a year at the start of 2017, reflecting a notab ...Full Story»

U.S. GDP Increases Less Than Expected In Q1 (01 hr(s), 27 min(s), 19 sec(s) ago)
(RTTNews) - Economic growth in the U.S. slowed by more than anticipated in the first three months ...Full Story»

Sweden Retail Sales Growth Eases Unexpectedly (01 hr(s), 47 min(s), 19 sec(s) ago)
(RTTNews) - Sweden's retail sales growth eased unexpectedly in March, after accelerating in th ...Full Story»

Hungary PPI Climbs For Fourth Month (01 hr(s), 59 min(s), 19 sec(s) ago)
(RTTNews) - Hungary's producer prices increased for the fourth straight month in March, figure ...Full Story»

Ireland Retail Sales Decline In March (02 hr(s), 12 min(s), 19 sec(s) ago)
(RTTNews) - Ireland's retail sales decreased in March after rising in the previous two months, ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Eurozone Inflation Climbs To ECB Target

04/28/2017 - 09:50 AM (RTTNews)
(RTTNews) - Eurozone inflation accelerated more-than-expected in April, returning within the Europ ...Full Story>>

U.S. Economic Growth Slows More Than Expected In Q1

04/28/2017 - 09:10 AM (RTTNews)
(RTTNews) - Economic growth in the U.S. slowed by more than anticipated in the first three months ...Full Story>>

ECB Forecasters Revise Up Growth & Inflation Expectations

04/28/2017 - 08:54 AM (RTTNews)
(RTTNews) - Professional forecasters expect euro area consumer prices to rise faster than earlier ...Full Story>>

UK Growth At 1-Year Low As 'Brexit' Weighs On Spending

04/28/2017 - 08:44 AM (RTTNews)
(RTTNews) - The U.K. economy expanded the least in a year at the start of 2017, reflecting a notab ...Full Story>>

U.S. GDP Increases Less Than Expected In Q1

04/28/2017 - 08:37 AM (RTTNews)
(RTTNews) - Economic growth in the U.S. slowed by more than anticipated in the first three months ...Full Story>>
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.