You are here: Home » Reuters » News
Business Standard

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 ...

This article is no longer available in our repository.

There could be multiple reasons for this.

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