A day earlier than usual due to the holiday on Thursday, the Labor Department released a report on Wednesday showing first-time claims for U.S. unemployment benefits fell by more than expected in the week ended November 23rd.The report said initial jobless claims dropped to 213,000, a decrease of 15,000 from the previous week's revised level of 228,000.Economists had expected jobless claims to dip...
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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.