U.S. Markets
US producer prices rise moderately; weekly jobless claims fall

By Lucia Mutikani
April 11, 2024 11:17 AM EDT • Updated an hour ago

Summary
• Producer prices increase 0.2% in March
• Services prices rise 0.3; goods slip 0.1%
• Weekly jobless claims drop 11,000 to 211,000
• Continuing claims advance 28,000 to 1.817 million

WASHINGTON, April 11 (Reuters) - U.S. producer prices increased moderately in March as a rise in the cost of services was softened by a fall in goods prices, which could help to calm fears inflation was reaccelerating.

Other data from the Labor Department on Thursday showed first-time applications for unemployment benefits fell more than expected last week, pointing to a still fairly tight labor market, though it could be taking longer for some laid-off workers to land new jobs.

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