U.S. Weekly Jobless Claims Unexpectedly Dip To 208,000

The U.S. Labor Department reported that first-time claims for unemployment benefits unexpectedly dipped in the week ended July 11. The drop suggests somewhat less labor-market stress than expected, which can support risk sentiment and keep rate expectations from shifting higher.

Analysis

The U.S. Labor Department reported that first-time claims for unemployment benefits unexpectedly dipped in the week ended July 11. The drop suggests somewhat less labor-market stress than expected, which can support risk sentiment and keep rate expectations from shifting higher.