Weekly U.S. unemployment claims rose by 15,000

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Source: Bloomberg

The number of people who filed unemployment benefit claims in the U.S. last week rose more than expected, the U.S. Department of Labor said on Thursday.  Applications for U.S. jobless benefits jumped by 15,000 to a seasonally adjusted 382,000 in the week ended Sept. 8, up from 367,000 in the previous week. Analysts had predicted initial jobless claims to rise by 3,000 to 370,000.

 

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Thu, 13 Sep 2012 15:44:55 GMT

U.S. PPI rose more than expected in August

According to the Labor Department, the Producer Price Index rose 1.7% in August,above estimates for a 1.4% increase, as energy prices soared 6.4%. On a yearly basis, the producer price index rose at an annualized rate of 2.0% last month, above expectations for a gain of 1.4%. The core PPI added 0.2% in August, meeting analysts' expectations, after jumping 0.4% in July.

Thu, 13 Sep 2012 15:22:50 GMT

BOE expects inflation to remain volatil

The Bank of England published its 2012 Q3 issue of the Quarterly Bulletin today, saying it expects the inflation rate to be much more volatile in the coming years than it has been in the past. The report noted that investors' uncertainty about inflation rose substantially during the financial crisis, and that inflation expectations have become less anchored to the BOE's 2% target.

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