WASHINGTON: The number of Americans filing for unemployment benefits unexpectedly fell last week, suggesting that a strong economy was helping the labor market weather ongoing trade tensions between the United States and a host of other countries.
Other data on Thursday showed a solid increase in underlying producer prices in July.
Labor market strength and rising inflation likely keep the Federal Reserve on track to raise interest rates in September for the third time this year.
"Trade war tensions in the clouds out there on the horizon may still move closer to shore later this year," said Chris Rupkey, chief economist at MUFG in New York.
This picture released on August 13, 2023, shows WAPDA House in Lahore. — Facebook/WAPDALAHORE: Water and Power...
This image released on April 18, 2024, shows the meeting on Kisan Card at the Sindh Secretariat. — Facebook/Jam...
Pakistan State Oil HQs can be seen in this picture. — PSO websiteKARACHI: Pakistan State Oil and Pakistan Railways ...
This representational image shows gold bars. — UnsplashKARACHI: Gold prices increased by Rs500 per tola on Friday in...
Representational image of a working oil pumpjack. — AFP/FileLONDON: Plentiful supplies of some of the biggest crude...
Prime Minister personally promises to ensure that our bureaucracy does not play tricks with them
