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Global markets: US jobless claims notch lower

By Commodity News Service Canada

WINNIPEG, May 18 – The following is a glance at the news moving markets globally.

– US jobless claims in the week ending May 13 fell 4,000 to a seasonally adjusted 232,000, the country’s labour department said on Thursday.

That pushed the country’s unemployment rate to a 28-and-a-half year low.

– In March, 551,100 Canadians received regular Employment Insurance (EI) benefits, down slightly (0.5 per cent) from February, Statistics Canada said in a report on Thursday.

There were fewer beneficiaries in six provinces, notably Alberta, down 4.1 per cent, Prince Edward Island, down 3.4 per cent and Nova Scotia, down 2.4 per cent.

– In a separate report, Statistics Canada said the Wholesale Services Price Index (WSPI) was up 1.3 per cent in the fourth quarter compared with the previous quarter. This was the fifth consecutive quarterly gain. Of the eight subsectors, five were up and three were down in the fourth quarter.

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