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U.S. weekly jobless claims fall; import prices unchanged

Reuters  |  WASHINGTON 

By Lucia MutikaniWASHINGTON (Reuters) - New applications for U.S. unemployment benefits fell last week, pointing to sustained labor market strength despite a sharp slowdown in job growth in March.While other data on Thursday showed import prices were flat in March amid a sharp drop in the cost of petroleum products, underlying imported inflation pressures are steadily rising. This together with a tightening labor market strengthens expectations inflation will gain steam this year. Economists say a trade war between the United States and China could fan price pressures and push the Federal ...

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First Published: Thu, April 12 2018. 23:10 IST