After reporting modest increases in first-time claims for U.S. unemployment benefits over the three previous weeks, the Labor Department released a report on Thursday showing a slight pullback in initial jobless claims in the week ended July 23rd.The report showed initial jobless claims edged down to 256,000, a decrease of 5,000 from the previous week's revised level of 261,000.Economists had expe...
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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.