US weekly jobless claims fall further as labor market remains strong
WASHINGTON - The number of Americans filing new claims for unemployment benefits fell last week, pointing to underlying strength in the labor market that should continue to support the economy.
"Claims settled down from the previous week, so the acceleration some had feared hasn't come to pass," said Robert Frick, corporate economist at Navy Federal Credit Union. "The labor market remains robust, and if claims are the canary in the coal mine for jobs, it has yet to develop a mild cough." Unadjusted claims decreased 5,663 to 192,017. There were notable declines in filings in California and Indiana.
The US central bank has raised its policy rate by 525 basis points since March 2022 to slow demand in the economy.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
Similar News:آپ اس سے ملتی جلتی خبریں بھی پڑھ سکتے ہیں جو ہم نے دوسرے خبروں کے ذرائع سے جمع کی ہیں۔
SpaceX launches first satellites for new US spy constellationThe company has dominated the U.S. rocket launch market, world's largest satellite operator
مزید پڑھ »
A US-based museum curator is detained in Turkey over claims of smuggling scorpion and spider samplesA US-based museum curator is detained in Turkey over claims of smuggling scorpion and spider samples
مزید پڑھ »
Some Fed officials at last meeting favoured US rate hikes if inflation remains stickyDisinflation would likely take longer than previously thought
مزید پڑھ »
US dollar rate in Pakistan on May 9 up by Re0.10 to Rs278.20US dollar rate in Pakistan up by Re0.10 (10 Paisa) to Rs278.20 against the Pakistani rupee in the interbank market on Thursday May 9
مزید پڑھ »
US dollar rate in Pakistan on May 7 down by Re0.11 to Rs278.11The US dollar rate in Pakistan weakened by Re0.11 (11 Paisa) to Rs278.11 against the Pakistani rupee in the interbank market May 7
مزید پڑھ »
Asian markets mostly rise as US data boosts rate hopesTraders tracked gains in New York, London and Frankfurt as they cheered US data on labour market
مزید پڑھ »