New applications for US unemployment benefits unexpectedly fell last wk and the number of Americans on jobless rolls declined to a near 44-1/2-year low, pointing to a rapidly tightening labor market.
US consumer prices rose marginally in May amid a slowdown in increases in the cost of gasoline and the underlying trend continued to suggest moderate inflation in the economy.
The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to a further tightening in labor market conditions.
New applications for U.S. unemployment benefits increased more than expected last week, but remained below a level consistent with a healthy labor market.
US import prices rose less than expected in April as a rebound in the cost of petroleum products was tempered by a drop in food prices.
Initial claims for state unemployment benefits were unchanged at a seasonally adjusted 211,000 for the week ended May 5, the Labor Department said.
US consumer prices rebounded less than expected in April as rising costs for gasoline and rental accommodation were tempered by a moderation in healthcare prices.
At 8:52 a.m. ET, Dow e-minis 1YMc1 were up 62 points, or 0.25 percent. S&P 500 e-minis ESc1 were up 8.5 points, or 0.32 percent.
US job openings surged to a record high in March, suggesting that a recent slowdown in hiring was probably the result of employers having difficulties finding qualified workers.
US stock index futures were marginally lower on Friday, as caution set in ahead of the April employment report.
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