Australian Dollar rises due to risk-on mood, focus shift to US Initial Jobless Claims – FXStreet
The AUD/USD pair rose following comments from former Reserve Bank of Australia (RBA) Governor Bernie Fraser. Bernie Fraser criticised the Reserve Bank of Australia's board for placing too much emphasis on inflation at the expense of the jobs market. Australian consumer inflation expectations eased to 4.4% in September, down slightly from a four-month high of […]
Weekly jobless claims fall to two-month low
Data released on Thursday showed weekly jobless claims fell to a two-month low ahead of Friday's closely watched employment report. The Labor Department said Thursday that jobless claims for the week ending Aug. 31 came in at 227,000, roughly in line with expectations of between 225,000 and 230,000, the lowest level since early July. According […]
Private sector job growth cooled to 99,000 in August as new jobless claims dip
Strategas Chairman and CEO Jason Treynort discusses the revised CPI, real wage and employment data, and the Harris tax increase plan. U.S. private sector payrolls fell more than expected in August as the labor market continued to cool amid high interest rates, according to the ADP national employment report released Thursday morning. Businesses added 99,000 […]
Pound Sterling posts fresh weekly high on lower UK jobless rate and soft US PPI – FXStreet
The pound surged against the US dollar on strong UK employment figures and a weak US producer price index. The UK unemployment rate unexpectedly fell to 4.2% and average incomes rose more than expected. Investors are awaiting UK and US inflation data for July, due on Wednesday. During North American trading hours on Tuesday, the […]
Jobless claims fall more than expected to ease recession fears
The number of Americans filing initial claims for unemployment benefits fell more than expected last week, easing fears of a labor market collapse that had sent markets plummeting. The Labor Department said on Thursday that seasonally adjusted claims for unemployment insurance fell by 17,000 to 233,000 for the week ended Aug. 3, the biggest decline […]
Jobless Claims Decrease More Than Estimated To Calm Recession Fears For Now
(Photo by Mario Tama/Getty Images) By James Myers, OAN StaffThursday, August 8, 2024 8:20 a.m. The number of Americans filing new claims for unemployment benefits last week fell more than expected, easing fears for now about a labor market collapse. advertisement The Labor Department said Thursday that jobless claims for the week ending Aug. 3 […]
Jobless claims drop after weak jobs report triggered concerns
Initial claims for jobless benefits fell by 17,000 last week, a small but positive sign for overall employment levels amid resurfacing fears of a U.S. economic recession. The Labor Department said Thursday that jobless claims for the week ending Aug. 3 fell to 233,000 from 250,000 the previous week. The four-week moving average increased by […]
Jobless claims rise less than expected to 233,000
On “Making Money,” Piper Sandler Chief Global Economist Nancy Lazar discusses whether the U.S. economy is doing as well as earnings suggest. How many Americans are applying? Unemployment benefits Last week’s weaker-than-expected employment report came in, which may ease some concerns about the health of the labor market following disappointing July employment data. The figures […]
US adds 114K jobs in July, jobless rate rises to 4.3 percent
U.S. employment increased by 114,000 jobs in July, and the unemployment rate rose to 4.3%, according to data released Friday by the Labor Department. Economists expect the U.S. to add 175,000 jobs and keep the unemployment rate steady at 4.1%. The July jobs report came two days after Federal Reserve officials signaled they could start […]