U.S. applications for unemployment benefits fell by 7,000 to 221,000 for the week ending July 22, from 228,000 the week before, the Labor Department reported Thursday.
Vacancies fell from 10.6 million in January, the Labor Department said Tuesday, notably in healthcare and in professional services, which includes managerial and technical jobs. Openings rose for construction workers.
Reflecting the sentiment, the benchmark U.S. 10-year Treasury yield fell to 2.70% after scaling 2.83% earlier in the day, a level last seen in late 2018.
From February to March, inflation rose 1.2% , the biggest month-to-month jump since 2005.
Initial claims for state unemployment benefits dropped to a seasonally adjusted 198,000 for the week ended December 25 from a revised 206,000 a week earlier.
The Labor Department's data showed U.S. consumer prices increased by the most in nearly 12 years in April as booming demand amid a reopening economy pushed against supply constraints. In the 12 months through April, the CPI shot up 4.2%, from a low base last year.
By Lucia MutikaniWASHINGTON U.S. job growth unexpectedly slowed in April, likely restrained by worker shortages that have left businesses scra..
Thursday's report from the Labor Department showed that applications declined 92,000 from a revised 590,000 a week earlier.
A report from the Commerce Department showed that personal income fell in November for the second straight month and that consumer spending fell for the first time since April.
New claims for state unemployment benefits totaled a seasonally adjusted 2.123 million for the week ended May 23, from a revised 2.446 million in the prior week, the Labor Department said on Thursday.
Nonfarm payrolls probably increased by 190,000 jobs last month, according to a Reuters survey of economists, in part as unseasonably mild weather buoyed employment in the construction sector. The economy created 227,000 jobs in January.
Washington, Jan 19 (AP) The number of Americans seeking unemployment benefits dropped last week to the lowest level in more than 43 years, another sign that most American workers enjoy job security.
Average hourly earnings also saw their strongest gains in seven years, rising 2.8 percent to USD 25.92.
Nonfarm payrolls are expected to have risen by 175,000 last month from 151,000 in August, according to a Reuters survey of economists.
Although the US economy is not booming, it is on a growth path and is likely to pave way for rate hikes from Federal Reserve but only by Q12017, said Tim Condon, Head of Research-Asia, ING Bank.
The Labor Department said on Thursday its Consumer Price Index increased 0.2 percent last month after rising 0.4 percent in April. In the 12 months through May, the CPI advanced 1.0 percent after rising 1.1 percent in April.
US producer prices rose for a second straight month in May as the cost of energy products and services increased, but the lingering effects of a strong dollar and lower energy prices will likely keep inflation tame for a while
The Labor Department said on Tuesday productivity, which measures hourly output per worker, contracted at an annualized rate of 0.6 percent, instead of the 1.0 percent pace reported last month.
Nonfarm payrolls probably increased by 190,000 jobs last month in the US Labor Department's report due on Friday, with the unemployment rate holding at an eight-year low of 4.9 percent, according to a Reuters survey of economists.
Other data on Thursday showed import prices tumbled in December for a sixth straight month, weighed down by lower oil prices and a strong dollar. The data pointed to tame consumer prices that could keep inflation this year below the Federal Reserve's 2 percent target.
Nonfarm payrolls probably increased by 200,000 jobs, just a slight step down from the 211,000 created in November, according to a Reuters survey of economists. The unemployment rate is expected to have held steady at a 7-1/2-year low of 5 percent.
The unemployment rate held at a 7-1/2-year low of 5 percent, even as people returned to the labor force in a sign of confidence in the jobs market. The jobless rate is in a range many Fed officials see as consistent with full employment and has dropped seven-tenths of a percentage point this year.
The modest rise in inflation last month could offer more support to expectations that the Federal Reserve will raise interest rates next month. The Labor Department said on Tuesday its Consumer Price Index increased 0.2 percent last month, reversing September's 0.2 percent drop.
Initial claims for state unemployment benefits increased 1,000 to a seasonally adjusted 260,000 for the week ended October 24, the Labor Department said on Thursday
Unemployment held at 5.1 percent, according to the Labor Department. A separate member that includes those who are working part-time for economic reasons or have not looked for employment fell to 10.0 percent.