U.S. unemployment claims continue down…

Thursday, 16 February 2012 04:24

Fewer Americans applied for unemployment benefit in a week ended February 11th.

Labor Department reported claims decrease by 13 000 to total 348 000, the lowest in four years.

Analysts expected reading of 364 000.

Separate report showed that producer price index increased by seasonally adjusted 0.1%, disappointing expectations of 0.3% growth.

The core index (excluding volatile items) improved by seasonally adjusted 0.4% in January.

Analysts expected only 0.1% increase.