US jobless claims tick up; services input prices stay elevated
Americans filing unemployment benefits rose marginally last week amid low layoffs, signaling a stable labor market. Services input prices increased, reinforcing elevated inflation pressure tied to the Middle East conflict.
By Lucia MutikaniThe number of Americans filing claims for unemployment benefits rose marginally last week amid low layoffs, pointing to stable labor market conditions that give the Federal Reserve room to focus on inflation stemming from the Middle East conflict.The inflation headache was undersco…