First-time claims for U.S. unemployment benefits unexpectedly declined in the week ended May 28th, according to a report released by the Labor Department on Thursday.The report showed initial jobless claims fell to 200,000, a decrease of 11,000 from the previous week's revised level of 211,000.Economists had expected jobless claims to come in unchanged compared to the 210,000 originally reported f...
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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.