FOREX TradingCharts.com

Financial News: U.S. Weekly Jobless Claims Dip From Upwardly Revised

U.S. Weekly Jobless Claims Dip From Upwardly Revised Level

02/11/2021 - 09:06:00 (RTTNews)

(RTTNews) - A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits dipped from an upwardly revised level in the week ended February 6th but came in above expectations.

The Labor Department said initial jobless claims edged down to 793,000, a decrease of 19,000 from the previous week's revised level of 812,000.

Economists had expected jobless claims to drop to 757,000 from the 779,000 originally reported for the previous week.

The report said the less volatile four-week moving average also slid to 823,000, a decrease of 33,500 from the previous week's revised average of 856,500.

Continuing claims, a reading on the number of people receiving ongoing unemployment assistance, also decreased by 145,000 to 4.545 million in the week ended January 30th.

The four-week moving average of continuing claims fell to 4,748,750, a decrease of 157,500 from the previous week's revised average of 4,906,250.

"Additional fiscal stimulus and broader vaccine diffusion will eventually allow the labor market to heal," said Nancy Vanden Houten, Lead U.S. Economist at Oxford Economics.

She continued, "But as the January employment data showed, current conditions are still quite weak and declines in new jobless claims are likely to occur only gradually in the near term."

Last Friday, the Labor Department released a separate report showing a modest rebound in U.S. employment in the month of January.

T he report said non-farm payroll employment edged up by 49,000 jobs in January after plunging by a revised 227,000 jobs in December.

Economists had expected employment to rise by about 50,000 jobs compared to the loss of 140,000 jobs originally reported for the previous month.

Meanwhile, the report also showed the unemployment rate slid to 6.3 percent in January from 6.7 percent in December. The unemployment rate was expected to come in unchanged.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Japan Industrial Production Rises 4.2% In January (01 hr(s), 13 min(s), 33 sec(s) ago)
(RTTNews) - Industrial output in Japan was up a seasonally adjusted 4.2 percent on month in Januar ...Full Story»

Japan Retail Sales Slip 0.5% In January (01 hr(s), 38 min(s), 33 sec(s) ago)
(RTTNews) - The value of retail sales in Japan was down a seasonally adjusted 0.5 percent on month ...Full Story»

Japan Industrial Output Climbs 4.2% In January (01 hr(s), 48 min(s), 33 sec(s) ago)
(RTTNews) - Industrial production in Japan was up a seasonally adjusted 4.2 percent on month in Ja ...Full Story»

Tokyo Inflation Slides 0.3% On Year In February (02 hr(s), 13 min(s), 33 sec(s) ago)
(RTTNews) - Overall consumer prices in the Tokyo region of Japan - considered a leading indicator ...Full Story»

Japan Data On Tap For Friday (03 hr(s), 23 min(s), 33 sec(s) ago)
(RTTNews) - Japan is scheduled to release a batch of data on Friday, headlining a busy day for Asi ...Full Story»

New Zealand Has NZ$626 Million Trade Shortfall (03 hr(s), 57 min(s), 33 sec(s) ago)
(RTTNews) - New Zealand had a merchandise trade deficit of NZ$626 million in January, Statistics N ...Full Story»

Portugal Consumer Confidence Weakens In February (10 hr(s), 22 min(s), 33 sec(s) ago)
(RTTNews) - Portugal's consumer confidence deteriorated in February after strengthening in the ...Full Story»

U.S. Pending Home Sales Unexpectedly Show Steep Drop In January (10 hr(s), 38 min(s), 33 sec(s) ago)
(RTTNews) - With inventory constraints continuing to hold back prospective buyers, the National As ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Japan Industrial Production Rises 4.2% In January

02/25/2021 - 19:40 PM (RTTNews)
(RTTNews) - Industrial output in Japan was up a seasonally adjusted 4.2 percent on month in Januar ...Full Story>>

Japan Retail Sales Slip 0.5% In January

02/25/2021 - 19:15 PM (RTTNews)
(RTTNews) - The value of retail sales in Japan was down a seasonally adjusted 0.5 percent on month ...Full Story>>

Japan Industrial Output Climbs 4.2% In January

02/25/2021 - 19:05 PM (RTTNews)
(RTTNews) - Industrial production in Japan was up a seasonally adjusted 4.2 percent on month in Ja ...Full Story>>

Tokyo Inflation Slides 0.3% On Year In February

02/25/2021 - 18:40 PM (RTTNews)
(RTTNews) - Overall consumer prices in the Tokyo region of Japan - considered a leading indicator ...Full Story>>

Japan Data On Tap For Friday

02/25/2021 - 17:30 PM (RTTNews)
(RTTNews) - Japan is scheduled to release a batch of data on Friday, headlining a busy day for Asi ...Full Story>>

Do not sell my personal information

Copyright © 2021. 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.