US jobless claims fall to 194K, below the 199K forecast

US initial jobless claims dropped to 194,000 for the week ending October 24, below estimates of 199,000 and slightly under the prior week's revised 195,000, the Department of Labor reported.

US initial jobless claims dropped to 194,000 for the week ending October 24, below estimates of 199,000 and slightly under the prior week's revised 195,000, the Department of Labor reported.

Annual headline inflation measured by the Personal Consumption Expenditures (PCE) index rose to 3.6% in September from 3.4% in August, matching earlier estimates and supporting a firmer US Dollar.

New US unemployment benefit applications dropped to 194,000 in the week ending October 17, below the 200,000 expected and down from the prior week's revised 200,000, the Department of Labor reported Thursday.