With the more closely watched monthly jobs report on tap for Friday, the Labor Department released a report on Thursday showing a bigger than expected pullback in first-time claims for U.S. unemployment benefits in the week ended October 2nd.The report said initial jobless claims fell to 326,000, a decrease of 38,000 from the previous week's revised level of 364,000.Economists had expected jobless...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.