WASHINGTON — Initial jobless claims increased 5,000 to 417,000 for the week ending Aug. 20, boosted in part by workers who filed claims as a result of a labor dispute with Verizon Communications, the Labor Department reported Thursday.
Continuing claims fell to 3.641 million for the week ending Aug. 13.
Economists expected 405,000 initial claims and 3.70 million continuing claims, according to the median estimate from Thomson Reuters.
A combination of a "stronger-than-expected economy, higher Treasury rates, robust supply, and rich valuations resulting in choppy markets" have made the trading environment in H124 "quite difficult," according to Barclays.
Two rating agencies upgraded Los Angeles Unified School District's bond ahead of multi-billion dollar refunding.
The Basel III Endgame proposal to restructure capital holding levels comes under fire.
Friday price talk for the unrated tax-exempt paper was between 11% and 15%.
The board approved that step at its second quarter board meeting held this week.
The Inflation Reduction Act, affordable housing and clean energy were among the topics discussed at Baker Tilly's DevelUP conference in Chicago this week.
