more-volatile

U.S. jobless claims at five-month high; import prices fall

The number of Americans filing for unemployment benefits rose to a five-month high last week, but this likely does not signal a deterioration in the labor market as the underlying trend remained consistent with tightening conditions. The reports did not change views the Federal Reserve will raise interest rates next Wednesday for the first time in nearly a decade. “As we approach the end of the year, jobless claims have a tendency to be more volatile due to seasonal adjustment issues around the holidays.

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U.S. jobless claims at five-month high; import prices fall