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U.S.'s unemployment benefit claims drop

United States

Unemployment benefit claims

U.S.'s unemployment benefit claims dropped unexpectedly, despite the latest slowdown in the hiring rate, thus, indicating that the labour market maintained its current strength.

U.S.'s unemployment benefit claims drop 4,000

According to the Labour Department today, the unemployment benefit initial claims reached 264,000, declining 4,000, for the week having ended June 4.

The initial claims were predicted to rise to 270,000, still being lower than 300,000, the actual figure, for sixty-six consecutive weeks, thus performing the biggest streak since 1973.

Wholesale Inventories

The nation's wholesale inventories rose from 0.2% to 0.6%. The economists predicted the indicator to appreciate 0.1%.

Mexico

The Mexican consumer price inflation climbed from 2.54% to 2.60%. The analysts estimated the CPI to appreciate to 2.58%.

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Thursday, 09 Jun, 2016 / 3:08

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Source : https://www.argusfx.com/en/research-education/market-analysis/news/u.s.-s-unemployment-benefit-claims-drop

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