US jobless claims rise slightly but remain near historic lows
Applications for US unemployment benefits rose last week, but remained near historic lows, underscoring the enduring resilience of the labour market despite the Federal Reserve’s aggressive efforts to cool demand.
Initial unemployment claims increased by 9,000 to 225,000 in the week ended Dec 24, Labor Department data showed on Thursday (Dec 29). That was in line with the median forecast in a Bloomberg survey of economists.
Continuing claims, or the number of people who have already filed an initial application and are now claiming unemployment benefits, rose to 1.7 million in the week ended Dec 17, the most since early February. Bloomberg
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
US wholesale inventories drop by unrevised 0.4% in March
China, Serbia chart ‘shared future’ as Xi Jinping visits Europe
World extends run of heat records for 11th straight month
SpaceX’s unit Starlink secures Indonesia operating permit
Axiata, Sinar Mas seek permission for Indonesia telco merger, minister says
Taiwan exports to US jump by record as China shipments fall