FOREX TradingCharts.com

Financial News: U.S. Weekly Jobless Claims Unexpectedly Drop To 204,000

U.S. Weekly Jobless Claims Unexpectedly Drop To 204,000

01/16/2020 - 09:12:00 (RTTNews)

(RTTNews) - A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits unexpectedly decreased in the week ended January 11th.

The report said initial jobless claims fell to 204,000, a decrease of 10,000 from the previous week's unrevised level of 214,000. The drop came as a surprise to economists, who had expected jobless claims to inch up to 216,000.

The Labor Department said the less volatile four-week moving average also slid to 216,250, a decrease of 7,750 from the previous week's unrevised average of 224,000.

Continuing claims, a reading on the number of people receiving ongoing unemployment assistance, also fell by 37,000 to 1.767 million in the week ended January 4th.

The four-week moving average of continuing claims still rose to 1,755,500, an increase of 10,500 from the previous week's revised average of 1,745,000.

Last Friday, the Labor Department released a separate report showing the pace of U.S. job growth slowed by more than expected in the month of December.

The report said non-farm payroll employment climbed by 145,000 jobs in December after spiking by a revised 256,000 in November.

Economists had expected employment to increase by about 164,000 jobs compared to the jump of 266,000 jobs originally reported for the previous month.

Meanwhile, the report said the unemployment rate came in at 3.5 percent in December, unchanged from the previous month and in line with economist estimates.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


UK Manufacturing Growth Fastest In 10 Months (06 min(s), 17 sec(s) ago)
(RTTNews) - UK manufacturing grew at the fastest pace in 10 months in February, while the services ...Full Story»

U.S. Existing Home Sales Pull Back Less Than Expected In January (57 min(s), 17 sec(s) ago)
(RTTNews) - Existing home sales in the U.S. pulled back in January after jumping in December, acco ...Full Story»

Eurozone Private Sector Growth At 6-month High (52 min(s), 17 sec(s) ago)
(RTTNews) - Euro area private sector grew for a third straight month and at the fastest pace in si ...Full Story»

Ireland Wholesale Prices Fall In January (02 hr(s), 24 min(s), 43 sec(s) ago)
(RTTNews) - Ireland wholesale prices declined to the lowest in five months in January, data from t ...Full Story»

Latvia Producer Prices Fall For Fourth Month (02 hr(s), 31 min(s), 43 sec(s) ago)
(RTTNews) - Latvia's producer prices fell for the fourth month in a row in January, figures fr ...Full Story»

Poland Retail Sales Growth Slows In January (02 hr(s), 38 min(s), 43 sec(s) ago)
(RTTNews) - Poland's retail sales growth slowed in January, figures from Statistics Poland sho ...Full Story»

Italy Inflation Steady In January (02 hr(s), 46 min(s), 43 sec(s) ago)
(RTTNews) - Italy's consumer price inflation remained stable in January, data from the statist ...Full Story»

Japan Private Sector Shrinks Most In Nearly 5 Years (03 hr(s), 38 min(s), 43 sec(s) ago)
(RTTNews) - Japan's private sector declined in February at the strongest pace since April 2014 ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

UK Manufacturing Growth Fastest In 10 Months

02/21/2020 - 12:00 PM (RTTNews)
(RTTNews) - UK manufacturing grew at the fastest pace in 10 months in February, while the services ...Full Story>>

U.S. Existing Home Sales Pull Back Less Than Expected In January

02/21/2020 - 10:51 AM (RTTNews)
(RTTNews) - Existing home sales in the U.S. pulled back in January after jumping in December, acco ...Full Story>>

Eurozone Private Sector Growth At 6-month High

02/21/2020 - 09:46 AM (RTTNews)
(RTTNews) - Euro area private sector grew for a third straight month and at the fastest pace in si ...Full Story>>

Ireland Wholesale Prices Fall In January

02/21/2020 - 06:29 AM (RTTNews)
(RTTNews) - Ireland wholesale prices declined to the lowest in five months in January, data from t ...Full Story>>

Latvia Producer Prices Fall For Fourth Month

02/21/2020 - 06:22 AM (RTTNews)
(RTTNews) - Latvia's producer prices fell for the fourth month in a row in January, figures fr ...Full Story>>
Copyright © 2020. 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.