U.S. Weekly Jobless Claims Climb To Two-Month High

Initial claims for U.S. unemployment benefits rose in the week ended April 4, coming in higher than expected according to the Labor Department. The unexpected uptick signals a modest softening in the labor market and could slightly temper near-term expectations for Fed policy tightening, potentially prompting short-lived cautious moves in rates and equities.

Analysis

Initial claims for U.S. unemployment benefits rose in the week ended April 4, coming in higher than expected according to the Labor Department. The unexpected uptick signals a modest softening in the labor market and could slightly temper near-term expectations for Fed policy tightening, potentially prompting short-lived cautious moves in rates and equities.