US jobless claims remain high despite steady numbers.

The number of people filing for state unemployment benefits for the first time held steady at a 20-month high last week, while the ranks of all those continuing to receive benefits beyond the first week fell. This may be an early indication of a softening labor market in the face of the Federal Reserve's aggressive credit tightening. The US current account deficit widened modestly in the first three months of 2023, snapping three quarters of narrowing, according to the Commerce Department.