US weekly jobless claims increase more than expected
WASHINGTON - The number of Americans filing new claims for unemployment benefits increased more than expected last week as the labor market steadily eases.
Some the rise last week was likely related to seasonal issues, with school spring breaks out of the way. Ebbing labor market momentum has put two rate cuts from the Fed this year back on the table. Financial markets expect the U.S. central bank to start its easing cycle in September. The number of people receiving benefits after an initial week of aid, a proxy for hiring, increased 17,000 to a seasonally adjusted 1.785 million during the week ending April 27, the claims report showed.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Claim $150 or $1,000 Safety Net with bet365 Bonus Code NYPNEWS on any gameGet your pick of either a $150 bet and get or a $1K bet insurance promotion when you sign up for an account with the bet365 bonus code NYPNEWS.
Read more »
Pokemon Scarlet and Violet Players Have a Short Window to Claim New Mystery GiftThere isn't much time to claim this free Pokemon!
Read more »
New Claim Puts Washington Post Boss Will Lewis in Crosshairs of Murdoch ScandalA new report suggests Lewis played a central role in destroying messages sent and received by those involved in the News of the World hacking.
Read more »
Trump claim that gag order doesn't allow him to testify corrected by judgeThis is additional taxonomy that helps us with analytics
Read more »
Japanese government responds to Biden claim that Japan is 'xenophobic': 'Unfortunate'Japanese officials at the embassy in Washington, DC told Fox News Digital that President Biden's comments were 'unfortunate' and 'not based on an accurate understanding of Japan's policies.'
Read more »
Drake Sources Call Kendrick's Hidden Daughter Claim Total 'Fabrication'Kendrick Lamar has the streets buzzing about Drake's other child -- a daughter he's allegedly kept hidden for more than a decade, but folks around Drake say Kendrick's pushing misinformation.
Read more »