Wall Street is back in the red after favorable data from the labor market

Wall Street is back in the red after favorable data from the labor market

The weekly number of US jobless claims dipped to 204,000 last week, from 223,000 the week before. The Bureau of Labor Statistics (BLS) reported this Thursday.

Most analysts had estimated that there would be some 225,000 requests for this social benefit.

For its part, data from ADP (one of the country’s leading payroll processing and human resources management companies) showed that hiring in the private sector accelerated in December. Both readings suggest that the labor market remains strong despite interest rate increases.

The only sector that woke up this Thursday in green was the energy sector, with an increase of 0.13%. While the biggest losses were for raw materials and real estate, with a drop of 2.24% and 1.81%, respectively.

In other markets, Texas oil rose to $73.31 a barrel, the profitability of US ten-year bond rose to 3.8%, the Gold fell to $1,842 an ounce and the dollar gained ground against the euro, with a change of 1.0545.

Source: Ambito

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