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U.S. Weekly Jobless Claims Unexpectedly Climb To 263,000
(RTTNews) - First-time claims for U.S. unemployment benefits unexpectedly increased in the week ended September 6th, according to a report released by the Labor Department on Thursday.
The report said initial jobless claims climbed to 263,000, an increase of 27,000 from the previous week's revised level of 236,000.
Economists had expected jobless claims to edge down to 235,000 from the 237,000 originally reported for the previous week.
With the unexpected increase, jobless claims reached their highest level since hitting 268,000 in the week ended October 23, 2021.
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U.S. Jobless Claims Unexpectedly Climb To Nearly Four-Year High
First-time claims for U.S. unemployment benefits unexpectedly increased in the week ended September 6th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 263,000, an increase of 27,000 from the previous week's revised level of 236,000. Economists had expected jobless claims to edge down to 235,000.
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Following yesterday's report showing an unexpected dip by producer prices, the Labor Department released a separate report on Thursday showing U.S. consumer prices rose by slightly more than expected in the month of August. The Labor Department said its consumer price index climbed by 0.4 percent in August after inching up by 0.2 percent in July.
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U.S. Consumer Prices Climb Slightly More Than Expected In August
Following yesterday's report showing an unexpected dip by producer prices, the Labor Department released a separate report on Thursday showing U.S. consumer prices rose by slightly more than expected in the month of August.
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U.S. Producer Prices Unexpectedly Edge Slightly Lower In August
Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by U.S. producer prices in month of August. The Labor Department said its producer price index for final demand edged down by 0.1 percent in August after climbing by a downwardly revised 0.7 percent in July.
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U.S. Producer Prices Unexpectedly Edge Down 0.1% In August
Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by producer prices in the U.S. in the month of August.
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Sharp Downgrade To U.S. Employment Growth Adds To Fed Rate Cut Hopes
Job growth in the U.S. in the 12 months to March was significantly less than what was reported earlier, preliminary revisions released by the Bureau of Labor Statistics showed on Tuesday, signaling that the labor market began cooling earlier than estimated and strengthened the case for interest rate cuts from the Federal Reserve next week.
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