October 10, 2025
United States:
US Initial Jobless Claims Rise to 235,000 in Goldman Analysis
Applications for US unemployment benefits rose last week, according to a Goldman Sachs Group Inc. analysis of state-level filings released during the federal government shutdown.
Initial claims rose to about 235,000 in the week ended Oct. 4 from the bank’s estimate of roughly 224,000 the prior week, Goldman Sachs economists led by Jan Hatzius said in a note to clients. The bank used the Labor Department’s pre-released seasonal factors to adjust the available raw state-level figures.
Europe:
Europe Should Consider Joint Defense Budget, ECB’s Kazaks Says
The European Union should pool its resources on defense spending and consider a common budget financed by jointly-issued debt, according to European Central Bank Governing Council member Martins Kazaks.
Asked whether he would support such a move, the Latvian central-bank chief told Bloomberg Television on Friday this should happen “by all means” as it “would also be more efficient than doing it individually.”
Asia:
Japan’s Economy Likely Shrank Last Quarter as Tariffs Hit Hard
Japan’s economy likely contracted in the third quarter after five consecutive periods of growth, as US President Donald Trump’s tariffs campaign took a toll on exports, according to a Bloomberg survey of economists.
The nation’s gross domestic product is projected to have declined at an annualized rate of 1.2% in the three months through September compared with the prior period, according to the median estimate of 58 economists.
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