The number of Americans filing new claims for unemployment benefits increased less than expected last week, pointing to a still tight labor market, while the economy rebounded faster than previously estimated in the third quarter.
Initial claims for state unemployment benefits rose 2,000 to a seasonally adjusted 216,000 for the week ended Dec. 17, the Labor Department said on Thursday. Economists polled by Reuters had forecast 222,000 claims for the latest week.
Federal Reserve Chair Jerome Powell last week said "it feels like we have a structural labor shortage out there." The claims data covered the period during which the government surveyed business establishments for the nonfarm payrolls component of December's employment report.Economists believe that companies are likely to cut back on hiring before embarking on layoffs. Employers have been generally reluctant to lay off workers after struggling to find labor during the COVID-19 pandemic.
The so-called continuing claims, a proxy for hiring, had trended higher since early October. Some economists, however, had argued against reading the steady rise in continuing claims as a sign of easing labor market conditions. They note that most workers preferred not to start a new job during the holiday period and companies also temporarily closed this time.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
STOCK MARKET NEWS: Futures cautious, FTX founder on US soil, GDP updateHundreds of workers reportedly leaving Tyson Foods, jobless claims expected to rise. FOX Business is providing real-time updates on top stories as the FTX fraud investigation unfolds and all eyes fall on the Senate after the $1.7T omnibus bill hits a snag.
Consulte Mais informação »
When is the Final US Q3 GDP report and how could it affect EUR/USD?Thursday's US economic docket highlights the release of the Final GDP print for the third quarter, scheduled at 13:30 GMT. The third revision is expec
Consulte Mais informação »
USD/CAD recovers further from one-week low, refreshes daily high post-US GDPThe USD/CAD pair stages a goodish rebound from the 1.3570 area, or a one-week low touched earlier this Thursday and hits a fresh daily high heading in
Consulte Mais informação »
USD/CHF prints four-day downtrend near 0.9250 as US Dollar retreats, US GDP in focusUSD/CHF prints four-day downtrend near 0.9250 as US Dollar retreats, US GDP in focus – by anilpanchal7 USDCHF RiskAppetite GDP YieldCurve CentralBanks
Consulte Mais informação »
GBP/USD grinds higher past 1.2100 ahead of UK/US GDPGBP/USD prints mild gains around 1.2110 as it pares the previous day’s losses ahead of the third quarter (Q3) Gross Domestic Product (GDP) details of
Consulte Mais informação »
GBP/USD eases from daily high post-UK GDP, holds above 1.2100 mark amid weaker USDThe GBP/USD pair attracts some buying on Thursday and reverses a major part of the previous day's slide to a nearly three-week low. The pair sticks to
Consulte Mais informação »