New claims for US jobless benefits hit a three-month low as economy picks up

first_img More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks whatsapp New claims for US jobless benefits hit a three-month low as economy picks up by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times whatsapp Show Comments ▼ KCS-content center_img Thursday 7 October 2010 7:55 pm Share New US claims for jobless benefits hit a near three-month low last week, suggesting some let up in the labour market’s distress but likely not enough to keep the Federal Reserve from easing monetary policy further.Initial claims for state unemployment benefits dropped 11,000 to 445,000, the lowest since 10 July, the Labour Department said yesterday. Financial markets had expected claims to edge up to 455,000.Sales at US retail chains last month also showed unexpected strength. US same-store sales rose 2.8 per cent, according to Thomson Reuters data which tracks 28 top chains, beating analysts’ estimates for a 2.1 per cent increase.Sales, which rose for the 13th straight month, were boosted by back-to-school buying.The US central bank’s policy-setting committee meets on 2-3 November. The Fed, which cut overnight interest rates to near zero in December 2008, has already pumped $1.7 trillion (£1.1 trillion) into the economy by buying mortgage-related and government bonds.The prospect of further bond purchases pushed the dollar down to a 15-year low against the Japanese yen and an all-time low against the Swiss franc yesterday.Financial markets will likely take a further cue from a government report on September employment later today. Tags: NULLlast_img

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