You are here: Home » International » News » Economy
Business Standard

US jobless claims fall 12,000 in Aug; trade deficit declines 2.7%

Initial claims for state unemployment benefits dropped 12,000 to a seasonally adjusted 260,000 for the week ended Sept 30

Reuters  |  Washington 

The number of Americans filing for unemployment benefits fell more than expected last week, but the continued impact of Hurricanes Harvey and Irma on the data made it difficult to get a clear picture of the labour market. Other data on Thursday pointed to underlying economic strength despite the weather-related disruptions. The trade deficit narrowed in August as exports of goods and services rose to more than a 2-1/2-year high, tempering expectations of a sharp slowdown in third-quarter GDP growth due to the storms. Initial claims for state unemployment benefits dropped 12,000 ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, October 05 2017. 20:30 IST
RECOMMENDED FOR YOU