First-time claims for U.S. unemployment benefits fell by more than expected in the week ended November 2nd, according to a report released by the Labor Department on Thursday.The report said initial jobless claims slid to 211,000, a decrease of 8,000 from the previous week's revised level of 219,000.Economists had expected jobless claims to dip to 215,000 from the 218,000 originally reported for t...
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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.