FOREX TradingCharts.com

Financial News: U.S. Weekly Jobless Claims Unexpectedly Show Modest Increa

U.S. Weekly Jobless Claims Unexpectedly Show Modest Increase

10/11/2018 - 09:11:00 (RTTNews)

(RTTNews) - A report released by the Labor Department on Thursday unexpectedly showed a modest increase in first-time claims for U.S. unemployment benefits in the week ended October 6th.

The report said initial jobless claims rose to 214,000, an increase of 7,000 from the previous week's unrevised level of 207,000. Economists had expected jobless claims to edge down to 206,000.

The Labor Department said the less volatile four-week moving average also crept up to 209,500, an increase of 2,500 from the previous week's unrevised average of 207,000.

Continuing claims, a reading on the number of people receiving ongoing unemployment assistance, also inched up by 4,000 to 1.660 million in the week ended September 29th.

The four-week moving average of continuing claims still fell by 10,000 to 1.656 million, its lowest level since August of 1973.

Last Friday, the Labor Department released a separate report showing weaker than expected job growth in the month of September, although the unemployment rate still fell to its lowest level since December of 1969.

The Labor Department said non-farm payroll employment climbed by 134,000 jobs in September, while economists had expected an increase of about 185,000 jobs.

However, the report also showed a significant upward revision to the pace of job growth in August, with employment spiking by 270,000 jobs compared to the originally reported jump of 201,000 jobs.

The Labor Department also said the unemployment rate fell to 3.7 percent in September from 3.9 percent in August. The unemployment rate had been expected to edge down to 3.8 percent.

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


RBI Minutes Suggest India's Tightening Cycle Not Over Yet: Capital Economics (02 hr(s), 11 min(s), 27 sec(s) ago)
(RTTNews) - The minutes of the Reserve Bank of India's policy session - ended October 5, sugge ...Full Story»

Taiwan's Jobless Rate Remains Stable In September (02 hr(s), 28 min(s), 27 sec(s) ago)
(RTTNews) - Taiwan's unemployment rate remained unchanged in September, the Directorate Genera ...Full Story»

Thailand Logs Dismal Export Performance In September (03 hr(s), 14 min(s), 27 sec(s) ago)
(RTTNews) - Thailand's trade surplus missed consensus expectations in September as both export ...Full Story»

Greece Current Account Surplus Declines In August (04 hr(s), 21 min(s), 27 sec(s) ago)
(RTTNews) - Greece's current account surplus decreased in August on widening shortfall in prim ...Full Story»

Ireland Wholesale Prices Fall Most In 4 Months (04 hr(s), 48 min(s), 27 sec(s) ago)
(RTTNews) - Ireland's wholesale prices declined at the fastest pace in four months in Septembe ...Full Story»

UK Firms Say Brexit Had Negative Impact On Investment Decisions: CBI (06 hr(s), 28 min(s), 27 sec(s) ago)
(RTTNews) - A majority of British firms said Brexit had a negative effect on investment decision, ...Full Story»

Swiss M3 Growth Weakens In September (07 hr(s), 05 min(s), 27 sec(s) ago)
(RTTNews) - Switzerland's money supply growth weakened in September, the Swiss National Bank r ...Full Story»

Estonia's Producer Price Inflation Eases (08 hr(s), 50 min(s), 27 sec(s) ago)
(RTTNews) - Estonia's producer price inflation slowed notably in September, data from Statisti ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

RBI Minutes Suggest India's Tightening Cycle Not Over Yet: Capital Economics

10/22/2018 - 08:51 AM (RTTNews)
(RTTNews) - The minutes of the Reserve Bank of India's policy session - ended October 5, sugge ...Full Story>>

Taiwan's Jobless Rate Remains Stable In September

10/22/2018 - 08:34 AM (RTTNews)
(RTTNews) - Taiwan's unemployment rate remained unchanged in September, the Directorate Genera ...Full Story>>

Thailand Logs Dismal Export Performance In September

10/22/2018 - 07:48 AM (RTTNews)
(RTTNews) - Thailand's trade surplus missed consensus expectations in September as both export ...Full Story>>

Greece Current Account Surplus Declines In August

10/22/2018 - 06:41 AM (RTTNews)
(RTTNews) - Greece's current account surplus decreased in August on widening shortfall in prim ...Full Story>>

Ireland Wholesale Prices Fall Most In 4 Months

10/22/2018 - 06:14 AM (RTTNews)
(RTTNews) - Ireland's wholesale prices declined at the fastest pace in four months in Septembe ...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.