The Labor Department released a report on Thursday showing an unexpected dip in first-time claims for U.S. unemployment benefits in the week ended March 14th.
The report said initial jobless claims fell to 205,000, a decrease of 8,000 from the previous week's unrevised level of 213,000. Economists had expected jobless claims to inch up to 215,000.
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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.