FOREX TradingCharts.com

Financial News: U.S. Jobless Claims Edge Slightly Lower To 184,000

U.S. Jobless Claims Edge Slightly Lower To 184,000

04/21/2022 - 09:22:00 (RTTNews)

(RTTNews) - The Labor Department released a report on Thursday showing a slight decrease in first-time claims for U.S. unemployment benefits in the week ended April 16th.

The report showed initial jobless claims edged down to 184,000, a decrease of 2,000 from the previous week's revised level of 186,000.

Economists had expected jobless claims to dip to 180,000 from the 185,000 originally reported for the previous week.

"We expect initial claims to remain below 200k in the weeks ahead, as employers, who continue to struggle to attract and retain workers, will keep layoffs to a minimum," said Nancy Vanden Houten, Lead U.S. Economist at Oxford Economics.

She added, "Even as the economy slows in response to high inflation and rising interest rates, we expect employers will be more likely to slow the pace of hiring than to let go of workers."

Meanwhile, the Labor Department said the less volatile four-week moving average rose to 177,250, an increase of 4,500 from the previous week's revised average of 172,750.

The report also showed continuing claims, a reading on the number of people receiving ongoing unemployment assistance, fell by 58,000 to 1.417 million in the week ended April 9th, hitting the lowest level since February 1970.

The four-week moving average of continuing claims also dropped to a 52-year-low of 1,481,750, a decrease of 31,250 from the previous week's revised average of 1,513,000.

"We think continued claims can decline from these revised levels as job growth continues and as more workers return to the labor markets," said Vanden Houten.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Hong Kong Jobless Rate Rises In April (28 min(s), 17 sec(s) ago)
(RTTNews) - Hong Kong's unemployment and underemployment rate increased in April, the labor fo ...Full Story»

South Africa Wholesale Sales Growth Slows In March (01 hr(s), 43 min(s), 17 sec(s) ago)
(RTTNews) - South Africa's wholesale trade rose for the fifth month in a row in March, albeit ...Full Story»

Malaysia Trade Surplus Falls In April (03 hr(s), 22 min(s), 17 sec(s) ago)
(RTTNews) - Malaysia's trade surplus decreased in April with exports and imports increasing at ...Full Story»

Sweden Capacity Utilization Increases In Q1 (04 hr(s), 29 min(s), 17 sec(s) ago)
(RTTNews) - Sweden's capacity utilization rose marginally in the first quarter, data from Stat ...Full Story»

Australia Jobless Rate Eases To 3.9% In April (30 min(s), 43 sec(s) ago)
(RTTNews) - The unemployment rate in Australia came in at a seasonally adjusted 3.9 percent in Apr ...Full Story»

Japan Core Machine Orders Jump 7.6% On Year In March (13 min(s), 43 sec(s) ago)
(RTTNews) - The value of core machine orders in Japan was up 7.6 percent on year in March, the Cab ...Full Story»

Japan Has Y839.2 Billion Trade Deficit In April (03 min(s), 43 sec(s) ago)
(RTTNews) - Japan posted a merchandise trade deficit of 839.2 billion yen in April, the Ministry o ...Full Story»

New Zealand PPI Inputs +3.6% On Quarter, Outputs +2.6% In Q1 (58 min(s), 43 sec(s) ago)
(RTTNews) - Producer price inputs in New Zealand were up 3.6 percent on quarter in the first quart ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Hong Kong Jobless Rate Rises In April

05/19/2022 - 07:38 AM (RTTNews)
(RTTNews) - Hong Kong's unemployment and underemployment rate increased in April, the labor fo ...Full Story>>

South Africa Wholesale Sales Growth Slows In March

05/19/2022 - 06:23 AM (RTTNews)
(RTTNews) - South Africa's wholesale trade rose for the fifth month in a row in March, albeit ...Full Story>>

Malaysia Trade Surplus Falls In April

05/19/2022 - 04:44 AM (RTTNews)
(RTTNews) - Malaysia's trade surplus decreased in April with exports and imports increasing at ...Full Story>>

Sweden Capacity Utilization Increases In Q1

05/19/2022 - 03:37 AM (RTTNews)
(RTTNews) - Sweden's capacity utilization rose marginally in the first quarter, data from Stat ...Full Story>>

Australia Jobless Rate Eases To 3.9% In April

05/18/2022 - 21:37 PM (RTTNews)
(RTTNews) - The unemployment rate in Australia came in at a seasonally adjusted 3.9 percent in Apr ...Full Story>>

Do not sell my personal information

Copyright © 2022. 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.