Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

U.S. weekly initial jobless claims fall weaker than expectations

U.S. initial jobless claims dropped in mid-May. In the week ended 18 May, jobless claims eased to 211k, coming in slightly weaker than consensus expectations of 215k. With this, the four-week moving average dropped to 220k. The weekly claims data continue to be in line with healthy labor market conditions and historically low rates of job separation.

The week ended 18 May is the survey week for May employment report and the current readings on initial claims and its four-week moving average are slightly higher relative to those observed for the April survey week, noted Barclays in a research report.

However, claims at 193k for the April survey week were at a new recovery-low, and unlikely to be sustained at those levels. At 211k, the data is pointing to another month of solid employment gains.

Meanwhile, continuing claims for the week ending 11 May rose to 1.676 million from 1.664 million in the prior week. The insured jobless rate remained stable at 1.2 percent.

At 14:00 GMT the FxWirePro's Hourly Strength Index of US Dollar was neutral at 47.4467 more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

June 14 14:00 UTC Released

USYr Inf Prelim

Actual

2.2 %

Forecast

Previous

2.6 %

June 14 14:00 UTC Released

USU Mich 1Yr Inf Prelim

Actual

2.6 %

Forecast

Previous

2.9 %

January 31 00:00 UTC 721719721719m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 721719721719m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 733539733539m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 721719721719m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 733539733539m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 721719721719m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 721719721719m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 721719721719m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.