FOREX TradingCharts.com

Financial News: U.S. Weekly Jobless Claims Inch Higher After Recent

U.S. Weekly Jobless Claims Inch Higher After Recent Downtrend

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

(RTTNews) - After reporting modest decreases in first-time claims for U.S. unemployment benefits for five straight weeks, the Labor Department released a report on Thursday showing an uptick in jobless claims in the week ended September 17th.

The report showed initial jobless claims inched up to 213,000, an increase of 5,000 from the previous week's revised level of 208,000.

Economists had expected jobless claims to edge up to 218,000 from the 213,000 originally reported for the previous week.

The modest increase came after jobless claims dropped to their lowest level since the week ended May 28th in the previous week.

"While overall economic activity is expected to slow, leading to a mild recession in H1 2023, the low level of claims is a reminder that labor market conditions remain extremely tight," said Nancy Vanden Houten, Lead US Economist at Oxford Economics.

She added, "The imbalance between the supply and demand for workers is key factor behind the Fed's plans to continue aggressively raising interest rates."

Meanwhile, the Labor Department said the less volatile four-week moving average slipped to a three-month low of 216,750, a decrease of 6,000 from the previous week's revised average of 222,750.

The report showed continuing claims, a reading on the number of people receiving ongoing unemployment assistance, also dipped by 22,000 to 1.379 million in the week ended September 10th.

The four-week moving average of continuing claims also edged down to 1,404,750, a decrease of 8,250 from the previous week's revised average of 1,413,000.

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


Ireland Jobless Rate Remains Stable In September (05 hr(s), 53 min(s), 16 sec(s) ago)
(RTTNews) - Ireland's unemployment rate held steady in September, after rising slightly in the ...Full Story»

Brazil Industrial Production Falls As Expected (06 hr(s), 10 min(s), 16 sec(s) ago)
(RTTNews) - Brazil's industrial production declined as expected in August after rebounding in ...Full Story»

U.S. Services Index Indicates Slightly Slower Growth In September (06 hr(s), 16 min(s), 16 sec(s) ago)
(RTTNews) - The Institute for Supply Management released a report on Wednesday showing a modest sl ...Full Story»

U.S. Trade Deficit Narrows To Smallest In Over A Year In August (06 hr(s), 30 min(s), 16 sec(s) ago)
(RTTNews) - With the value of imports showing a notable decrease, the Commerce Department released ...Full Story»

Philippines Inflation Highest In 4 Years (06 hr(s), 32 min(s), 16 sec(s) ago)
(RTTNews) - The Philippines' inflation increased to the highest level in four years, mainly le ...Full Story»

U.S. Private Sector Job Growth Slightly Exceeds Estimates In September (06 hr(s), 36 min(s), 16 sec(s) ago)
(RTTNews) - Private sector employment in the U.S. increased by slightly more than expected in the ...Full Story»

Brazil Services Growth At 16-Month Low (06 hr(s), 40 min(s), 16 sec(s) ago)
(RTTNews) - Brazil's service sector activity expanded at the weakest pace in the current 16-mo ...Full Story»

UK Car Registrations Rise For Second Month: SMMT (07 hr(s), 18 min(s), 16 sec(s) ago)
(RTTNews) - UK car registrations increased for the second straight month in September, data from t ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Ireland Jobless Rate Remains Stable In September

10/05/2022 - 10:58 AM (RTTNews)
(RTTNews) - Ireland's unemployment rate held steady in September, after rising slightly in the ...Full Story>>

Brazil Industrial Production Falls As Expected

10/05/2022 - 10:41 AM (RTTNews)
(RTTNews) - Brazil's industrial production declined as expected in August after rebounding in ...Full Story>>

U.S. Services Index Indicates Slightly Slower Growth In September

10/05/2022 - 10:35 AM (RTTNews)
(RTTNews) - The Institute for Supply Management released a report on Wednesday showing a modest sl ...Full Story>>

U.S. Trade Deficit Narrows To Smallest In Over A Year In August

10/05/2022 - 10:21 AM (RTTNews)
(RTTNews) - With the value of imports showing a notable decrease, the Commerce Department released ...Full Story>>

Philippines Inflation Highest In 4 Years

10/05/2022 - 10:19 AM (RTTNews)
(RTTNews) - The Philippines' inflation increased to the highest level in four years, mainly le ...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.