US jobless claims News

The U.S. labor market appeared to gain momentum in early September as fewer Americans filed for weekly unemployment benefits, but weak inflation pressures may complicate the Federal Reserve`s decision whether to raise interest rates.

The number of Americans filing new applications for unemployment benefits fell last week, suggesting a moderation in job growth in August was an aberration.

Initial jobless claims, an indicator of the pace of layoffs, rose by 4,000 to 277,000 in the week ending August 15, the Labor Department said. The prior week`s claims were revised down from 274,000 to 273,000.

The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, indicating the jobs market was on solid footing even as the economy struggles to regain momentum after abruptly slowing in the first quarter.

Brent crude edged up on Friday, supported by strong economic data from Germany that lifted the oil demand outlook and as worries about a quick return of Iranian supplies eased.

Gold resumed lower at Rs 26,425 and drifted further to Rs 26,220 before concluding at Rs 26,630 as compared with last weekend's close of Rs 26,565.

The number of Americans filing new claims for unemployment benefits rose more than expected last week, but the trend remained consistent with sustained strength in the labor market.

New claims for US unemployment insurance fell last week for the fifth week in a row, according to government figures published Wednesday.

New claims for US unemployment insurance benefits fell last week, sticking to a downward trend as the labor market strengthens.

Gold prices fell by Rs 62 to Rs 26,714 per 10 grams in futures market Thursday as speculators offloaded their positions amid a weak global trend.

New US claims for unemployment insurance benefits fell last week, continuing to point to a downward trend in job losses, official data released Thursday showed.