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U.S. labour market strengthening; producer prices creeping up

Reuters  |  WASHINGTON 

By Lucia MutikaniWASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell last week for the first time in a month and producer prices unexpectedly rose in June, likely keeping the Federal Reserve on course for a third interest rate increase this year.Thursday's data from the Labor Department underscored labor market buoyancy and suggested that there was enough momentum in the economy to generate some inflation, even though price pressures still remain moderate."It remains hard for companies to hire skilled workers. Inflation isn't slip-sliding away from the Fed's ...

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First Published: Thu, July 13 2017. 20:43 IST