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Global markets: US jobless claims drop

By Commodity News Service Canada

WINNIPEG, October 27 – The following is a glance at the news moving markets globally.

US JOBLESS CLAIMS MOVE LOWER
US jobless claims in the week ending October 22 fell 3,000 to a seasonally adjusted 258,000, according to reports out of the country on Thursday.

American jobless claims have now been under 300,000, a level which indicates a healthy labour market, for 86 weeks in a row, the longest stretch since 1970, analysts say.

CANADIAN NON-FARM PAYROLLS MOVE UP
Average weekly earnings of non-farm payroll employees were C$960 in August, up 0.8 per cent from the previous month. Compared with 12 months earlier, weekly earnings increased 1.6 per cent, partly as a result of relatively low earnings in August 2015, Statistics Canada said in a report.

COMMERCIAL, INDUSTRIAL MACHINERY SERVICES PRICE INDEX FALLS
The Commercial and Industrial Machinery and Equipment Rental and Leasing Services Price Index decreased 1.1 per cent in the second quarter, Statistics Canada said in a report on Thursday.

The index declined for seven consecutive quarters, reflecting lower demand in the rental and leasing of heavy machinery and equipment for construction, transportation, mining and forestry, especially in Alberta.

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