The number of Americans applying for unemployment benefits unexpectedly declined last week. Ministry of Labor reported decreased by 4,000 applications to 264,000 in seasonally adjusted data for the week to June 3. The number of documents for the previous week were revised up by 1,000. The economists had expected 270,000 applications submitted last week. Their number is below 300,000 already on 66th consecutive week, the longest series since 1973.
The four-week average value decreased by 7,500 to 269,500. It is considered a better indicator of trends in the labor market, as it eliminates volatility between weeks.
Analyst from the Ministry of Labor in USA says it has no specific factors that influence the dynamics of the latest data. The report is the latest sign that the labor market in the country remains stable, although employment growth in May disappoint the markets. Last month, employers outside agriculture added only 38,000 jobs, which was the weakest increase since September 2010.
more recommended stories
House Republicans Step Up Effort on Tax Bill
In a year of legislative disappointments,.
Lies, Damned Lies, and Statistics: Phil Gramm and Michael Solon Edition
The popular aphorism that is commonly.
No More Easy Choices: The Death of the Phillips Curve?
“An economist is someone that will.
Stanley Fischer Resigns from Federal Reserve
Stanley Fischer is retiring from the.
Australia Q2 GDP Growth at 1.8%, While Household Savings Declines
The Australian economy expanded by 1.8%.
Swiss Inflation Perks Up in August
Prices in Switzerland increased by 0.5%.
Boeing Scores Major Victory Over Rival Airbus
Seattle based Boeing won a major.
Moody’s Sharply Revises Polish Growth Forecasts Higher
New York based credit rating agency.
Czech Growth Revised Upward to 4.7%
GDP growth in the Czech Republic.
Q2 Italian Growth Improves While Spanish Growth Tapers
Italian economic growth came in at.