Applications for US jobless aid fell to 3-month low of 232K

US jobless claims fall; continuing claims at lowest in more than 28 years

The report said initial jobless claims edged down to 232,000, a decrease of 4,000 from the previous week's unrevised level of 236,000.

Benefit claims have been a particularly durable indicator of tightness in the labor market, with initial filings holding at lower than 300,000 for more than two years. The latest week's data covers the period used for the monthly employment survey for May, which will be released June 2.

Last week's claims data covered the survey week for May's nonfarm payrolls.

The total number of people seeking unemployment insurance also to fell to its lowest level in nearly 30 years, in line with the record low unemployment rate. The economy created 211,000 jobs in April after adding only 79,000 positions in March.

To get out ahead of possible inflation, the Federal Reserve has raised its benchmark interest rates twice since December and forecasts another two increases this year.

The economy grew by just 0.7 percent in the first three months of the year, but there are signs it will expand more quickly in the current quarter.

But a stock market sell-off, if sustained, amid uncertainty over Trump's political future could jeopardize further rate increases.

The U.S. dollar was flat against a basket of currencies on Thursday, while prices for longer-maturity U.S. Treasuries were modestly higher.

Additionally, the report said continuing claims dropped by 22,000 to 1.898 million in the week ended May 6th.

Related News:

  • Bobby Moynihan leaving 'Saturday Night Live' for CBS sitcom

    Bobby Moynihan leaving 'Saturday Night Live' for CBS sitcom

    According to Deadline , Moynihan chose to leave after his sitcom Me, Myself, And I was picked up by CBS for a fall spot. The series, called "Me, Myself & I", follows one man's life in three different periods of his life.
    Listen to T-Pain's Collab Project With Lil Wayne 'T-Wayne'

    Listen to T-Pain's Collab Project With Lil Wayne 'T-Wayne'

    Check out the best #ThrowbackThursday surprise that 2017 has to offer yet with the full T-Wayne project below. The 8-song album features T-Pizzle singing and Tunechi rapping.
    The cleanest and dirtiest railway stations in India

    The cleanest and dirtiest railway stations in India

    The station notched up a score of 661.5 marks out of 1,000 while Visakhapatnam railway station secured 853.1 marks. Darbhanga railway station in Bihar was the dirtiest among the busiest stations, reported by ht.
  • Sheriff David Clarke Leaving to Accept DHS Job

    Sheriff David Clarke Leaving to Accept DHS Job

    According to an audit , which was completed in September 2012, the Milwaukee County Sheriff's Department did not violate the law. Clarke's successor will serve until the end of the current term in 2018.
    NCAA Midwest Regional: New Mexico Edges Ahead

    NCAA Midwest Regional: New Mexico Edges Ahead

    Freshman Alejandro Del Rey Gonzalez was outstanding all three days and picked the best time to have his best tournament. He regained a stroke two holes later when he birdied the par-3 13th.

    Snap stock plunges in U.S. following earnings report

    Wednesday was the first time Snap had to report its earnings after its IPO back in March, which valued the company at $28bn. After adjusting for the expected expenses, losses of $188.2 million were reported - greater than analysts anticipated.
  • Erdogan says Turkey can not lift state of emergency until fully calm

    The decision is meant to accelerate the operation to recapture the key Islamic State group stronghold of Raqqa. "We are not going to beg", he said.
    New French prime minister took job because of 'unique' situation

    New French prime minister took job because of 'unique' situation

    Macron wants European militaries to work together more, and for eurozone countries to share a budget and tax rules. He supervised French military operations in Mali, Central African Republic, Iraq and Syria.
    General Motors to stop selling vehicles in India, focus on exports

    General Motors to stop selling vehicles in India, focus on exports

    GM's exports from India - mainly to Mexico and Latin America - almost doubled to 70,969 vehicles during the fiscal ended March 31. Talegaon production capacity now stands at around 1.3 lakh vehicles a year which can be further expanded to 1.7 lakh units.
  • Rex had 8000-pound chomping power, study says

    Rex had 8000-pound chomping power, study says

    A study published Wednesday in the journal Scientific Reports reveals the power of the animal's bite. After ensuring that the crocodile 3D model was accurate, they built a similar one for T. rex .

    Highland Capital Management LLC Has $256000 Position in Kinder Morgan Inc (KMI)

    Over the last three months, the shares of the company have changed -16.98% and performed -1.90% over the last six months. Investors of record on Monday, May 1st were given a $0.125 dividend. 106 funds opened positions while 309 raised stakes.

    Nadal beats Thiem in Madrid, wins 3rd straight title

    Dominic Thiem set up a Madrid Open final showdown with Rafael Nadal as the Austrian ended the charge of Pablo Cuevas. I think he made an error , so I managed to break again.


Most liked

Analysts Estimates And Ratings Ascena Retail Group Inc. (ASNA)
The stock of Ascena Retail Group Inc (NASDAQ:ASNA) earned "Sector Perform" rating by RBC Capital Markets on Tuesday, September 20. Press coverage about Ascena Retail Group (NASDAQ:ASNA) has been trending positive recently, Alpha One Sentiment Analysis reports.

Five Guys named favorite burger chain, taking spot from In-N-Out
In the poll, the chain got an 81 percent familiarity rating among generation Z and millennials. In 2013, 48% of respondents were familiar with Five Guys, according to The Harris Poll .

WWE Backlash: Early Betting Odds For Sunday's Show
The Singh Brothers (then known as The Bollywood Boyz) had come into WWE as part of the cruiserweights but were then at NXT. Naomi hits Tamina with a wrecking ball dropkick and Carmella takes advantage to win the match with a roll-up.

What Analysts Suggest About Fiat Chrysler Automobiles N.V. (NYSE:FCAU)?
A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range. The company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.05.

Kim sets mark at Players
Cabrera Bello threw his 8-iron high in the air, and it went into the water, though at least it could be retrieved. Hideki Matsuyama, Justin Thomas, Jon Rahm and Pat Perez round out the top five in the FedExCup standings.

PM Calls Up French President-Elect to Congratulate Him
Chinese President Xi Jinping congratulated Macron, saying China and France shared a "responsibility toward peace and development in the world".

Barack Obama thinks Donald Trump is 'nothing but a bulls**ter'
One friend of the former president also told People that Obama's opinion of Trump hasn't "gotten any better " in recent months. Ever since the election of Donald Trump we are inundated with often compelling news stories several times a day.

Gay rights supporters demonstrate in Russia's St. Petersburg
Only two have managed to secure visas while a handful have fled Russian Federation without visas. A statement in April from Human Rights Watch, however, echoed the earlier Novaya Gazeta report.

Earnings Previews: Target Corporation And Wal-Mart Stores Inc
Finally, Nelson Roberts Investment Advisors LLC increased its stake in Wal-Mart Stores by 27.2% in the third quarter. According to Thomson Reuters, sell-side analysts are forecasting a harmony target price of $74.90 on company shares.

OnePlus 5 will capture 'some of the clearest photos around', apparently
OnePlus has announced that they've teamed up with DxO to enhance the photography experience on their upcoming flagship. Other than that OnePlus 5 6GB RAM variant is likely to come in two storage options - a 64GB and 128GB built-in flash.

New 'Transformers: The Last Knight' Trailer
Will Transformers: The Last Knight , and the two planned sequels, live up to that success? Heroes will become villains. Yeager then travels to England to consult Hopkins' character about why the Transformers keep coming to Earth.

Senate Intelligence Committee Wants to See Comey Memos
Jason Chaffetz, R-Utah, on Wednesday said the committee planned to invite Comey to testify during a public hearing next week. She adds that "a special prosecutor is the first step, but it can not be the last".

Trailer: First look at 'Star Trek: Discovery'
But a few wooden performances and editing that leaps wildly from scene to obviously unrelated scene does the trailer no favors. The image below showcases Captain Philippa Georgiou, played by Crouching Tiger Hidden Dragon star Michelle Yeoh , and Lt.

Iran reformist drops out of election, supports Rouhani
During the previous presidential election in June 2013, Hassan Rouhani garnered 50.7 percent of a total of over 36 million votes. Washington cites Iran's missile program, its human rights record and support for terrorism.

Mark Cuban admits Mavericks tanked at end of season
The headline on the Patrick radio show's own website read, Mark Cuban admits Mavs tanked this season. The NBA instituted the lottery the very next year.