US jobless claims fall last week

6

Initial jobless claims fell by 36,000 to 293,000 in seasonally adjusted data for the week ended Oct.

The number of people who have filed new requests for unemployment benefit US USA it fell to near a 19-month low last week, further evidence that labor shortages were behind slower job growth rather than weakening demand for labor.

Initial jobless claims fell by 36,000 to 293,000 in seasonally adjusted data in the week ended Oct. This was the lowest level since mid-March 2020. Economists consulted by Reuters projected 316,000 orders for the last week.

In another report released on Thursday, the Labor Department said its producer price index for final demand rose 0.5% in September, after advancing 0.7% in August.

In the 12 months up to September, the index accelerated to 8.6%, the biggest advance compared to the previous year since November 2010, when the series was reformulated, and after an increase of 8.3% in August.

Economists polled by Reuters predicted that the index would rise 0.6% month-on-month and 8.7% year-on-year.

  • Stay on top of the main news from Brazil and the world. Sign the EXAM.

Thanks for reading the EXAM! How about becoming a subscriber?

Get unlimited access to the best content of your day. In just a few minutes, you create your account and continue reading this article. Come on?

It’s just a moment before you release your access.

digital exam

BRL 4.90/month
  • R$ 14.90 from the second month.
  • Access whenever and wherever you want.
  • Unlimited access to EXAME Invest, macroeconomics, markets, career, entrepreneurship and technology.

Sign it

annual digital exam

BRL 129.90/year
  • R$ 129.90 in cash or in up to 12 installments. (BRL 10.83 per month)
  • Access whenever and wherever you want.
  • Unlimited access to EXAME Invest, macroeconomics, markets, career, entrepreneurship and technology.

Sign it

palheta smll US jobless claims fall last week

See too

4240848