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Global markets: US jobless claims rise

By Commodity News Service Canada

WINNIPEG, May 25 – The following is a glance at the news moving markets globally.

– US jobless claims in the week ending May 20 rose 1,000 to a seasonally adjusted 234,000, data from the country’s labour department said.

Though claims were up, they were still below 300,000, which indicates a healthy labour force, and were lower than analysts had expected.

– In Canada, average weekly earnings of non-farm payroll employees were C$966 in March, little changed from February and up 0.9 per cent from March 2016, Statistics Canada said in a report on Thursday.

In general, changes in weekly earnings reflect a number of factors, including wage growth; changes in the composition of employment by industry, occupation and level of job experience; and average hours worked per week.

Non-farm payroll employees worked an average of 32.6 hours per week in March, little changed from February and down from 32.9 hours observed in March 2016.

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