FOREX TradingCharts.com

Financial News: U.S. Jobless Claims Unexpectedly Dip To Four-Month Low

U.S. Jobless Claims Unexpectedly Dip To Four-Month Low

09/26/2024 - 10:09:00 (RTTNews)

(RTTNews) - A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ended September 21st.

The Labor Department said initial jobless claims slipped to 218,000, a decrease of 4,000 from the previous week's revised level of 222,000.

The dip surprised economists, who had expected jobless claims to rise to 225,000 from the 219,000 originally reported for the previous week.

With the unexpected decrease, jobless claims fell to their lowest level since hitting 216,000 in the week ended May 18th.

"Overall, the claims data are consistent with a labor market that has cooled but is still healthy as it continues to be characterized by a low pace of layoffs," said Grace Zwemmer, Associate U.S. Economist at Oxford Economics.

She added, "Last week's FOMC meeting showed that the Fed officials see the labor market roughly the same way but will lower rates more aggressively than previously thought to prevent any further softening in labor market conditions."

The report said the less volatile four-week moving average also edged down to 224,750, a decrease of 3,500 from the previous week's revised average of 228,250.

Meanwhile, the Labor Department said continuing claims, a reading on the number of people receiving ongoing unemployment assistance, rose by 13,000 to 1.834 million in the week ended September 14th.

The four-week moving average of continuing claims still fell to 1,835,750, a decrease of 6,500 from the previous week's revised average of 1,842,250.

Next Friday, the Labor Department is scheduled to release its more closely watched report on employment in the month of September.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2024 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Producer Prices Unexpectedly Unchanged In September (01 hr(s), 32 min(s), 13 sec(s) ago)
(RTTNews) - With a decrease in prices for goods offsetting an increase in prices for services, the ...Full Story»

India Industrial Output Shrinks 0.1% In August (01 hr(s), 35 min(s), 13 sec(s) ago)
(RTTNews) - India's industrial production declined slightly in August, largely led by weaker m ...Full Story»

Turkey Retail Sales Growth Strongest In 5 Months (04 hr(s), 29 min(s), 13 sec(s) ago)
(RTTNews) - Turkey's retail sales increased at the quickest pace in five months in August, the ...Full Story»

Romania Inflation Eases To 4.6%, Lowest In Over 3 Years (05 hr(s), 23 min(s), 13 sec(s) ago)
(RTTNews) - Romania's consumer price inflation moderated further in September to the lowest le ...Full Story»

UK Economy Returns To Growth (05 hr(s), 44 min(s), 13 sec(s) ago)
(RTTNews) - The UK economy returned to growth in August but the pace of expansion was weaker than ...Full Story»

Swiss Consumers Less Pessimistic In September (06 hr(s), 06 min(s), 13 sec(s) ago)
(RTTNews) - Confidence among Swiss consumers remained less negative in August, survey results from ...Full Story»

Dutch Exports Fall 2.1% In August (06 hr(s), 25 min(s), 13 sec(s) ago)
(RTTNews) - Exports in the Netherlands decreased in August after recovering in the previous month, ...Full Story»

Bank Of Korea Cuts Key Rate For First Time In More Than 4 Years (07 hr(s), 12 min(s), 13 sec(s) ago)
(RTTNews) - The Bank of Korea lowered its base rate for the first time in more than four years on ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Producer Prices Unexpectedly Unchanged In September

10/11/2024 - 08:37 AM (RTTNews)
(RTTNews) - With a decrease in prices for goods offsetting an increase in prices for services, the ...Full Story>>

India Industrial Output Shrinks 0.1% In August

10/11/2024 - 08:34 AM (RTTNews)
(RTTNews) - India's industrial production declined slightly in August, largely led by weaker m ...Full Story>>

Turkey Retail Sales Growth Strongest In 5 Months

10/11/2024 - 05:40 AM (RTTNews)
(RTTNews) - Turkey's retail sales increased at the quickest pace in five months in August, the ...Full Story>>

Romania Inflation Eases To 4.6%, Lowest In Over 3 Years

10/11/2024 - 04:46 AM (RTTNews)
(RTTNews) - Romania's consumer price inflation moderated further in September to the lowest le ...Full Story>>

UK Economy Returns To Growth

10/11/2024 - 04:25 AM (RTTNews)
(RTTNews) - The UK economy returned to growth in August but the pace of expansion was weaker than ...Full Story>>

Do not sell my personal information

Copyright © 2024. 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.