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Global markets: US jobless claims drop

By Commodity News Service Canada

WINNIPEG, May 19 – The following is a glance at the news moving markets globally.

US JOBLESS CLAIMS DOWN WEEK-ON-WEEK
Initial US jobless claims for state unemployment benefits in the week ended May 14 dropped 16,000 to a seasonally adjusted 278,000, according to data from the country’s labour department.

The declines put an end to week-on-week gains since mid-April.

AUSTRALIA’S UNEMPLOYMENT RATE STAYS AT TWO-YEAR LOW
Australia’s jobless rate stayed unchanged at 5.7 per cent in April, according to reports out of the country on Thursday.

Jobs growth was at 2.1 per cent.

CANADIAN WHOLESALE SALES DOWN IN MARCH
Canadian wholesale sales declined for a second consecutive month in March, down one per cent to C$54.6 billion. Lower sales were recorded in five of seven subsectors, led by the motor vehicle and parts subsector and the miscellaneous subsector, Statistics Canada said in a report on Thursday.

In volume terms, wholesale sales declined 0.4 per cent.

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