First-time claims for U.S. unemployment benefits saw a modest decrease in the week ended August 7th, according to a report released by the Labor Department on Thursday.The report said initial jobless claims edged down to 375,000, a decrease of 12,000 from the previous week's revised level of 387,000.Economists had expected jobless claims to dip to 375,000 from the 385,000 originally reported for t...
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Forex 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.