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Thursday 12 May 2016

Jobless claims in the US jumped

The number of Americans who have submitted requests for unemployment benefits in early May rose for the third consecutive week to 294,000, reaching a fourteen months peak and adding new evidence that the labor market in the US might weaken.
General jobless claims were at a rate of 274,000 in the previous week.
The average value of new orders in the last four weeks also rose by 10,250 to 268,250, said the Labor Department on Thursday. Data are seasonally adjusted.
Only a month earlier, initial claims for unemployment benefits have fallen to 43-year lows. But lowering corporate profits, exports decreased.
In April in the US were created only 160,000 new jobs, noting his youngest progress since last autumn. Other indicators of the labor market also suggest delaying hiring.


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