Initial jobless claims will be out at 8:30 a.m. on Wednesday. Economists are forecasting that claims will fall to 270,000. Last week, they fell to 271,000, although this was a lesser drop than expected. Additionally, the four-week moving average of claims rose 3,000 to 270,750. "Jobless claims remain at historically low levels," noted Barclays' Michael Gapen.
BING NEWS:
- US economy added a whopping 272,000 jobs in May
The US job market showed a softer side in April when just 175,000 jobs were added, marking one of the weakest months in the past three years.
06/7/2024 - 1:00 am | View Link - US Economy News Today: Labor Productivity Grows at Highest Rate in Three Years
Today, initial jobless claims jumped more than economists expected and the European Central Bank was the second of world's largest economies to cut their influential interest rates.
06/6/2024 - 8:23 am | View Link - US weekly jobless claims edge higher, Q1 labor costs revised lower
The number of Americans filing new claims for unemployment benefits increased last week, but underlying strength in the labor market should continue to support the economy.
06/6/2024 - 5:23 am | View Link - Jobless claims tick higher ahead of critical May jobs report
Unemployment claims rose to a four-week high last week ahead of the May jobs report, a critical data point for the Federal Reserve as it weighs whether to start cutting interest rates this year.
06/6/2024 - 3:46 am | View Link - Economic Progress in U.S., Europe: ECB, Jobless Claims & More
The 5-4 decision means the government will cover millions in overhead costs that two tribes faced when they took over running their health care programs under a law meant to give Native Americans more ...
06/6/2024 - 3:43 am | View Link - More
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