FOREX TradingCharts.com

Financial News: U.S. Weekly Jobless Pull Back To 245,000

U.S. Weekly Jobless Pull Back To 245,000

06/08/2017 - 09:08:00 (RTTNews)

(RTTNews) - After reporting increases in first-time claims for U.S. unemployment benefits in the two previous weeks, the Labor Department released a report on Thursday showing a pullback in initial jobless claims in the week ended June 3rd.

The report said initial jobless claims fell to 245,000, a decrease of 10,000 from the previous week's revised level of 255,000.

Economists had expected jobless claims to drop to 240,000 from the 248,000 originally reported for the previous week.

Meanwhile, the Labor Department said the less volatile four-week moving average rose to 242,000, an increase of 2,250 from the previous week's revised average of 239,750.

Continuing claims, a reading on the number of people receiving ongoing unemployment assistance, edged down by 2,000 to 1.917 million in the week ended May 27th.

The four-week moving average of continuing claims also dipped by 750 to 1,914,750, hitting its lowest level since January of 1974.

Last Friday, the Labor Department released a separate report showing much weaker than expected job growth in the month of May.

The report said non-farm payroll employment rose by 138,000 jobs in May after climbing by a downwardly revised 174,000 jobs in April.

Economists had expected an increase of about 185,000 jobs compared to the jump of 211,000 jobs originally reported for the previous month.

Despite the weaker than expected job growth, the unemployment rate edged down to 4.3 percent in May from 4.4 percent in April. The unemployment rate had been expected to come in unchanged.

With the unexpected decrease, the unemployment rate fell to its lowest level since hitting a matching rate in May of 2001.

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


U.S. Durable Goods Orders Drop 1.1% In May, More Than Expected (11 min(s), 08 sec(s) ago)
(RTTNews) - New orders for U.S. manufactured durable goods fell by more than expected in the month ...Full Story»

U.S. Durable Goods Orders Drop More Than Expected In May (01 hr(s), 05 min(s), 08 sec(s) ago)
(RTTNews) - New orders for U.S. manufactured durable goods fell by more than expected in the month ...Full Story»

ARGENTINA: Annual Inflation Will Slow To 22% In July, Says Central Bank Head (01 hr(s), 23 min(s), 08 sec(s) ago)
(RTTNews) - Inflation in Argentina will be around 21% or 22% per year in July and decline in the c ...Full Story»

German Ifo Business Confidence At Record High (03 hr(s), 0 min(s),08 sec(s) ago)
(RTTNews) - German business confidence strengthened to a record high in June, breaking last month& ...Full Story»

Poland Jobless Rate Declines As Expected In May (04 hr(s), 21 min(s), 08 sec(s) ago)
(RTTNews) - Poland's unemployment rate decreased for the fourth straight month in May, in line ...Full Story»

UK Mortgage Approvals At 8-Month Low: BBA (04 hr(s), 33 min(s), 08 sec(s) ago)
(RTTNews) - UK mortgage approvals declined to an eight-month low in May, the British Bankers' ...Full Story»

Hong Kong Trade Deficit Widens In May (04 hr(s), 39 min(s), 08 sec(s) ago)
(RTTNews) - Hong Kong's foreign trade gap widened in May from a year ago, as imports grew fast ...Full Story»

Germany's Ifo Business Confidence Strengthens In June (05 hr(s), 26 min(s), 08 sec(s) ago)
(RTTNews) - German business confidence strengthened in June, the Ifo Institute reportedly said Mon ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Durable Goods Orders Drop 1.1% In May, More Than Expected

06/26/2017 - 09:39 AM (RTTNews)
(RTTNews) - New orders for U.S. manufactured durable goods fell by more than expected in the month ...Full Story>>

U.S. Durable Goods Orders Drop More Than Expected In May

06/26/2017 - 08:45 AM (RTTNews)
(RTTNews) - New orders for U.S. manufactured durable goods fell by more than expected in the month ...Full Story>>

ARGENTINA: Annual Inflation Will Slow To 22% In July, Says Central Bank Head

06/26/2017 - 08:27 AM (RTTNews)
(RTTNews) - Inflation in Argentina will be around 21% or 22% per year in July and decline in the c ...Full Story>>

German Ifo Business Confidence At Record High

06/26/2017 - 06:50 AM (RTTNews)
(RTTNews) - German business confidence strengthened to a record high in June, breaking last month& ...Full Story>>

Poland Jobless Rate Declines As Expected In May

06/26/2017 - 05:29 AM (RTTNews)
(RTTNews) - Poland's unemployment rate decreased for the fourth straight month in May, in line ...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.