Tagged: Economic Numbers

The news that consumer prices rose a relatively modest 0.3 percent in March from February supports "the view the U.S. Federal Reserve has room to provide more support for the economy if needed," Reuters concludes. It adds that:

There were 13,000 more first-time claims for jobless benefits last week than the week before, the Employment and Training Administration just reported.

The agency says there were 380,000 such applications, up from 367,000 (a number that has been revised upward; previously, the agency had estimated there were 357,000 claims in the week ended March 31).

Claims had been running at the lowest pace since March and April 2008. At 380,000, the pace is the lowest since June 2008.