US weekly jobless claims up slightly, strong rise in unit labour costs

Quick Summary:

Unit labour costs increased at a solid clip in the third quarter, other data from the Labor Department showed on Thursday.

Productivity grew at a 1.9 per cent rate from the first quarter of 2018 through the second quarter of 2024, revised up from the previously estimated 1.7 per cent pace.

The number of Americans filing new applications for unemployment benefits rose slightly last week, suggesting no material change in the labor market and reinforcing views that hurricanes and strikes had resulted in job growth almost stalling in October.

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Category: BusinessFinance

Markets: IndiaGeorgia

Topics: US jobless claims Jobless claims US economy US inflation

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 23:11:43 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 1046 words

Reading Time: 6 minutes read

Sentences: 31 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23464086

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Official Website: business-standard.com

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News Last Updated: 5 hours ago

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Publisher ID: #49

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