While the Labor Department released a report on Thursday showing a continued decline in first-time claims for U.S. unemployment benefits in the week ended May 9th, the number of new claims still came in well above economist estimates.The report said initial jobless claims fell to 2.981 million, a decrease of 195,000 from the previous week's revised level of 3.176 million.Economists had expected jo...
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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.