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Jobless Claims Fall Slightly, But Labor Market Continues to Struggle

Jobless Claims Fall Slightly, But Labor Market Continues to Struggle Tim Smart © (Andrew Lichtenstein/Corbis via Getty Images) BROOKLYN, NY - MAY 8: Citizens wearing protective masks form lines to receive free food from a food pantry run by the Council of Peoples Organization on May 8, 2020 in the Midwood neighborhood of Brooklyn, New York. As unemployment claims continue to increase in New York City, the lines for free food continue to grow. (Photo by Andrew Lichtenstein/Corbis via Getty Images) The number of American filing initial unemployment claims continues to hover around the 800,000 mark, the Labor Department reported on Thursday. The figure for seasonally adjusted initial claims was 793,000 for the week ending Feb. 6, a decrease of 19,000 from the previous week s revised level of 812,000. The four-week moving average was 823,000, a decrease of 33,500 from the previous week s revised average. The previous week s average was revised up by 8,250 from 84

UPDATE 2-Euro zone bond yields fall, Italy s hit an all-time low

Asian Stock Market: Trades mixed as off in China, Japan tames risks from Biden-Xi call

Asian Stock Market: Trades mixed as off in China, Japan tames risks from Biden-Xi callNEWS | 2/11/2021 4:38:32 AM GMT | By Anil Panchal Asian shares pause the previous rally as trade/political challenges renew. Biden keeps old terms with China, Beijing warns America not to meddle in issues over Taiwan, Xinjiang and Hong Kong. Aussie data came in positive, Treasury Secretary praised economic recovery but off in China, Japan weighs on sentiment. Asian equities are in stasis as off in China and Japan tames challenges to risks emanating from Biden-Xi call during early Thursday. Even so, the progress of the US stimulus talks and Fed Chair Powell’s readiness to act keeps the market mildly positive. Against this backdrop, MSCI’s index of Asia-Pacific shares outside Japan rises 0.12% near the record top marked the previous day by press time.

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