WASHINGTON — U.S. private-sector employers stepped up hiring in December, suggesting some momentum in the economy as the year ended, even as a budget crisis loomed.
While other data on Thursday showed an increase in the number of Americans filing new claims for unemployment benefits, the trend remained consistent with steady job growth.
“The underlying economy has momentum, and the employment data confirms that. The hope and prayer of the market is that our political leaders don’t screw it up,” said John Brady, managing director at R.J. O’Brien & Associates in Chicago.
WASHINGTON — The number of Americans filing new claims for unemployment benefits fell last week, pointing to moderate job growth despite slowing economic activity.
Initial claims for state unemployment benefits declined 11,000 to a seasonally adjusted 346,000, the Labor Department said on Thursday. Claims for the prior week were revised to show 3,000 more applications received than previously reported.
Economists polled by Reuters had expected first-time applications to fall to 345,000 last week.
WASHINGTON — The number of Americans filing new claims for unemployment benefits fell more than expected last week, which could ease fears of a marked deterioration in labour market conditions after a surprise stumble in job growth in March.
WASHINGTON – The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to resilience in the labour market despite belt-tightening by Washington.
Still, other data on Thursday suggested the federal austerity drive was combining with weak overseas demand to hold U.S. factory activity in May to its weakest rate of growth in seven months.
Perceived gaps and wide margins of error in Canadian economic data come with a variety of answers and excuses: Perfect is too expensive. You can’t share everything. How intrusive do you really want to be?
But while some experts feel these possible blind spots are small enough to be safely navigated, others warn they’re leaving the economy far too vulnerable.
By Dean Popplewell:
By Kenny Fisher
USD/CAD has lost ground on Thursday, as the Canadian dollar takes advantage of a broadly-lower US dollar. Early in the North American session, the pair is trading in the mid-1.10 range. In economic news, Canadian New Housing Price Index had its best showing since June 2012. Over in the US, Unemployment Claims dropped and easily beat the estimate. Retail Sales and Core Retail Sales both improved in February and met market expectations.