The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
WASHINGTON, May 23 - The number of Americans filing new claims for unemployment benefits fell last week, pointing to underlying strength in the labor market that should continue to support the economy.
Companies are generally holding on to their workers after experiencing difficulties finding labor during and after the COVID-19 pandemic. That was underscored by a survey from S&P Global on Thursday showing a moderation in the pace of decline in employment at factories and services businesses in May.
Minutes of the Fed's April 30-May 1 policy meeting published on Wednesday showed officials assessed that"demand and supply in the labor market, on net, were continuing to come into better balance, though at a slower rate." But they also noted that conditions had"generally remained tight." The so-called continuing claims rose 8,000 to a seasonally adjusted 1.794 million during the week ending May 11, the claims report showed. Continuing claims are at historically low levels.
The sales pace for March was revised lower to 665,000 units from the previously reported 693,000 units. The government revised the sales, inventory and months supply data going back to January 2019.
Gold Silver Platinum Palladium PGM Platinum Group Metals Metals Precious Metals Mining News Crypto News Bitcoin News Ethereum News Mining News Interviews Economic Reports Forecasts Central Banks US Dollar Charts Tech Metals Rare Earth Metals Currency Global Economy International Policy Politics Bank Forecasts Market Nugget Mining Minutes Roundups
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Modest downside corrections for gold, silverThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
Bitcoin outflows, altcoin inflows: Is a crypto market shift underway?The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
US dollar edges lower but up against yen, AussieThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
CPM Trade Signal - May 7, 2024The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
Stocks rally anew on US rate cut hopes; dollar steadyThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
There is no platinum deficit, just declining pricesThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »