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US Jobless claims hit 8-month low

The expected number was higher than the actual release, which was explained by a decline in new claims at the end of the quarter.

The number of U.S. workers filing new claims for jobless insurance fell more-than-expected to a nine-month low last week, data showed, suggesting the labor market was healing despite a setback in September.

Initial claims for state unemployment benefits dropped 33,000 to a seasonally adjusted 521,000 in the week ended October 3, the lowest level since early January, the Labor Department said on Thursday.

Reuters

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May
22
Today’s Global
Market Events
6:15am

USD
FOMC Member Lockhart Speaks
10:00am

EUR
Consumer Confidence
-20 vs. -20
USD
Existing Home Sales
4.64M vs. 4.48M
USD
Richmond Manufacturing Index
12 vs. 14
7:50pm

JPY
Trade Balance
-0.60T vs. -0.62T
8:00pm

AUD
CB Leading Index m/m
0.0%
8:30pm

AUD
MI Leading Index m/m
0.2%
Tentative

JPY
Monetary Policy Statement
JPY
Overnight Call Rate
0.10% vs. 0.10%