In the week ending August 5, the advance figure for seasonally adjusted initial claims was 248,000, an increase of 21,000 from the previous week's unrevised level of 227,000. The 4-week moving average was 231,000, an increase of 2,750 from the previous week's unrevised average of 228,250. The advance seasonally adjusted insured unemployment rate was 1.1 percent for the week ending July 29, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending July 29 was 1,684,000, a decrease of 8,000 from the previous week's revised level. The ... (full story)

Inflation in the US, as measured by the change in the Consumer Price Index (CPI), rose to 3.2% on a yearly basis in July from 3% in June, the US Bureau of Labor Statistics (BLS) reported on Thursday. This reading came in slightly below the market expectation of 3.3%. Further details of the publication revealed that the Core CPI inflation, which excludes volatile food and energy prices, edged lower to 4.7% from 4.8%. On a monthly basis, the CPI and the Core CPI both rose 0.2%, matching analysts' estimates. With the immediate reaction, the US Dollar came under strong selling pressure. As of writing, the US Dollar ... (full story)