NEW YORK (AP) — The number of Americans signing up for unemployment benefits fell slightly last week, another sign that the labor market remains strong and most workers enjoy extraordinary job security. The Labor Department reported Thursday that jobless claims dipped by 2,000 to 210,000. The four-week average of claims, which smooths out week-to-week ups and downs, fell by 750 to 211,000. Overall, 1.8 million Americans were collecting unemployment benefits the week that ended March 16, up 24,00
China's commerce minister will travel to Europe in April for discussions about the European Commission's investigation into whether China's electric vehicle industry has benefited from unfair subsidies, four people briefed on the plan told Reuters. Wang Wentao will visit France, a French government source and two other people with knowledge of the trip told Reuters. France's trade ministry and European Commission did not immediately respond to requests for comment.
Canada's gross domestic product in January increased 0.6%, the fastest growth rate in a year and higher than forecasts, and the economy likely expanded 0.4% in February, data showed on Thursday. Analysts polled by Reuters had forecast a GDP growth of 0.4% in the month. January's rise, the fastest since the 0.7% growth in January 2023, was helped by a rebound in educational services as public sector strikes ended in Quebec, Statistics Canada said.
The U.S. economy grew faster than previously estimated in the fourth quarter, lifted by strong consumer spending and business investment in nonresidential structures like factories. Gross domestic product increased at a 3.4% annualized rate last quarter, revised up from the previously reported 3.2% pace, the Commerce Department's Bureau of Economic Analysis said in its third estimate of fourth-quarter GDP. Economists polled by Reuters had expected GDP growth would be unrevised.
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