FOREX TradingCharts.com

Financial News: U.S. Jobless Claims Unexpectedly Drop To Nearly Three-Mont

U.S. Jobless Claims Unexpectedly Drop To Nearly Three-Month Low

07/11/2019 - 09:36:00 (RTTNews)

(RTTNews) - First-time claims for U.S. unemployment benefits unexpectedly fell in the week ended July 6th, according to a report released by the Labor Department on Thursday.

The report said initial jobless claims dropped to 209,000, a decrease of 13,000 from the previous week's revised level of 222,000.

Economists had expected jobless claims to inch up to 223,000 from the 221,000 originally reported for the previous week.

With the unexpected decrease, jobless claims dropped to their lowest level since hitting 193,000 in the week ended April 13th.

The Labor Department said the less volatile four-week moving average also slipped to 219,250, a decrease of 3,250 from the previous week's revised average of 222,500.

Meanwhile, the report said continuing claims, a reading on the number of people receiving ongoing unemployment assistance, climbed by 27,000 to 1.723 million in the week ended June 29th.

The four-week moving average of continuing claims also rose to 1,694,750, an increase of 5,750 from the previous week's revised average of 1,689,000.

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

The report said employment surged up by 224,000 jobs in June after edging up by a downwardly revised 72,000 jobs in May.

Economists had expected employment to increase by about 160,000 jobs compared to the addition of 75,000 jobs originally reported for the previous month.

Despite the stronger than expected job growth, the unemployment rate inched up to 3.7 percent in June from 3.6 percent in May. The unemployment rate had been expected to hold steady.

The uptick in the unemployment rate reflected an increase in the size of the labor force, which expanded by 335,000 people compared to the 247,000-person jump in the household survey measure of employment.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


UK Budget Deficit Widens In June (36 min(s), 49 sec(s) ago)
(RTTNews) - The UK budget deficit widened to the highest June level since 2015, the Office for Nat ...Full Story»

Eurozone Current Account Surplus Increases In May (48 min(s), 49 sec(s) ago)
(RTTNews) - The euro area current account surplus increased in May, data from the European Central ...Full Story»

New Zealand Credit Card Spending Rises In June (02 hr(s), 25 min(s), 49 sec(s) ago)
(RTTNews) - New Zealand's credit card spending growth improved in June, figures from Reserve B ...Full Story»

Germany's Producer Price Inflation Eases In June (02 hr(s), 42 min(s), 49 sec(s) ago)
(RTTNews) - Germany's producer price inflation slowed in June, figures from Destatis showed Fr ...Full Story»

Japan All Industry Activity Growth Slows In May (03 hr(s), 20 min(s), 49 sec(s) ago)
(RTTNews) - Japan's all industrial activity rose for the second month in May but the pace of e ...Full Story»

South Korea Producer Price Inflation Slows In June (05 hr(s), 01 min(s), 49 sec(s) ago)
(RTTNews) - South Korea's producer price inflation slowed in June, data from Bank of Korea sho ...Full Story»

China's Rising Household Debt Likely To Weigh On Growth: Fitch (05 hr(s), 14 min(s), 49 sec(s) ago)
(RTTNews) - Chinese households' rising debt servicing costs could weigh on the medium-term eco ...Full Story»

European Economics Preview: UK Public Sector Finance Data Due (12 min(s), 11 sec(s) ago)
(RTTNews) - Public sector finance data from the UK is due on Friday, headlining a light day for th ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

UK Budget Deficit Widens In June

07/19/2019 - 04:51 AM (RTTNews)
(RTTNews) - The UK budget deficit widened to the highest June level since 2015, the Office for Nat ...Full Story>>

Eurozone Current Account Surplus Increases In May

07/19/2019 - 04:39 AM (RTTNews)
(RTTNews) - The euro area current account surplus increased in May, data from the European Central ...Full Story>>

New Zealand Credit Card Spending Rises In June

07/19/2019 - 03:02 AM (RTTNews)
(RTTNews) - New Zealand's credit card spending growth improved in June, figures from Reserve B ...Full Story>>

Germany's Producer Price Inflation Eases In June

07/19/2019 - 02:45 AM (RTTNews)
(RTTNews) - Germany's producer price inflation slowed in June, figures from Destatis showed Fr ...Full Story>>

Japan All Industry Activity Growth Slows In May

07/19/2019 - 02:07 AM (RTTNews)
(RTTNews) - Japan's all industrial activity rose for the second month in May but the pace of e ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.