First-time claims for U.S. unemployment benefits fell by more than expected in the week ended May 8th, according to a report released by the Labor Department on Thursday.The report said initial jobless claims dipped to 473,000, a decrease of 34,000 from the previous week's revised level of 507,000.Economists had expected jobless claims to edge down to 490,000 from the 498,000 originally reported f...
For comments and feedback contact: editorial@rttnews.com
Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.