U.S. jobless claims unexpectedly falls, producer prices up 0.5%

New applications for U.S. jobless benefits unexpectedly fell last week while producer prices rebounded strongly in April, pointing to a tightening labor market and rising inflation that could spur the Federal Reserve to raise interest rates in June. Labor market strength was also underscored by a sharp drop in the number of Americans on unemployment rolls to a 28-1/2-year low in the final week of April…

U.S. jobless claims held steady last week at levels consistent with healthy labor market

New U.S. applications for unemployment benefits last week held steady at levels consistent with sustained labor market strength that could encourage the Federal Reserve to raise interest rates next month. Initial claims for state unemployment benefits were unchanged at a seasonally adjusted 276,000 for the week ended Nov. 7, the Labor Department said on Thursday. The prior week’s claims were unrevised…

U.S. jobless claims drop to 263,000 last week, hit near 42-year low

The number of Americans filing new applications for jobless benefits fell more than expected to near a 42-year low last week, pointing to ongoing tightening in the labor market despite the recent slowdown in hiring. The data released on Thursday provides an upbeat check on the health of the labor market after last week’s monthly employment report increased doubts the Federal Reserve would raise interest rates by the end of this year…

As more low-income Americans are finding jobs, Fed is running out of time to begin raising rates

When the Federal Reserve considers whether the U.S. economy is ready for an interest rate hike on Thursday, policymakers will want to be confident the jobless rate, now at 5.1 percent, is as strong as it looks. There appear to be reasons for optimism as many poorer and less educated workers are finding jobs or receiving bigger raises…

U.S. pending home sales hit 9-month high, jobless claims still point to tightening labor market

Contracts to buy previously owned U.S. homes rose for a fourth straight month in April to a nine-year high, buoying the outlook for the housing market and the overall economy. While other data on Thursday showed an unexpected increase in new applications for unemployment benefits, filings remained at levels consistent with a tightening labor market…

U.S. economic growth struggles to rebound but labor market tightening

The number of Americans filing new claims for unemployment benefits rose slightly more than expected last week, but the underlying trend continued to point to a rapidly tightening labor market. Despite the strength in the jobs market, the broader economy is struggling to kick into higher gear after growth braked sharply at the start of the year amid tepid consumer spending, as well as weak business investment and factory activity…

Jobless claims fall to 15-year low, inflation remains muted

The number of Americans filing new claims for unemployment benefits fell last week to near a 15-year low, indicating the jobs market was on solid footing even as the economy struggles to regain momentum after abruptly slowing in the first quarter. Despite the tightening labor market, a strong dollar and lower oil prices are keeping inflation under wraps. That trend along with signs of modest economic growth early in the second quarter would suggest the Federal Reserve will probably not raise interest rates until later in the year…

U.S. adds 223,000 jobs in April, unemployment lowest since 2008

America can breathe a sigh of relief. The economy is improving with the spring weather. The U.S. added 223,000 jobs in April, a healthy pick up after a disappointing March and about in line with what economists surveyed by CNNMoney projected. April’s strong job gains reflect a trend the country saw last year: job growth cooling in the winter months, then gaining momentum into the spring…

U.S. jobless claims, consumer spending data point to economy regaining momentum

(Reuters) – The number of Americans filing new claims for jobless benefits tumbled to a 15-year low last week and consumer spending rose in March, signs the economy was regaining momentum after stumbling badly in the first quarter. The economic outlook was brightened further by another report on Thursday showing a solid increase in wages in the first quarter…

U.S. housing starts rise much less than expected, jobless claims climb again

(Reuters) – U.S. housing starts rose far less than expected in March and factory activity in the mid-Atlantic region grew modestly this month, suggesting the economy could struggle to rebound from a soft patch hit in the first quarter. The economy stumbled at the start of the year under the weight of a harsh winter, a resurgent dollar, weaker global growth and a now-resolved labor dispute at the West Coast ports…

U.S. jobless claims rose last week, but week before revised down to 15-year low

(Reuters) – The number of Americans filing new claims for jobless benefits rose less than expected last week and the four-week moving average of claims hit its lowest level since 2000, suggesting an abrupt slowdown in job growth in March was likely a fluke. Initial claims for state unemployment benefits increased 14,000 to a seasonally adjusted 281,000 for the week ended April 4, the Labor Department said on Thursday…

U.S. jobless claims fell to 282,000 last week, beat expectations

(Reuters) – The number of Americans filing new claims for jobless benefits fell more than expected last week while activity in the services sector hit a six-month high in March, underscoring the economy’s solid fundamentals despite a recent softening in growth. Harsh weather, the now-settled labor dispute at the country’s busy West Coast ports, softer global demand and a strong dollar undercut growth early in the first quarter…

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