U.S. Weekly Jobless Claims Pull Back To 222,000
(RTTNews) - A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits fell roughly in line with estimates in the week ended May 11th.
The Labor Department said initial jobless claims slid to 222,000, a decrease of 10,000 from the previous week's revised level of 232,000.
Economists had expected jobless claims to fall to 220,000 from the 231,000 originally reported for the previous week.
Meanwhile, the report said the less volatile four-week moving average rose to 217,750, an increase of 2,500 from the previous week's revised average of 215,250.
read more
U.S. Dollar Seeing Modest Strength Following Upbeat Service Sector Data
After trending lower over the past few days, the value of the U.S. dollar has shown a modest move back to the upside during trading on Wednesday.
RTTNews
|
5h 52min ago
U.S. Services Index Jumps To Nine-Month In May
Service sector activity in the U.S. returned to growth in the month of May after contracting in April for the first time since December 2022, according to a report released by the Institute for Supply Management on Wednesday. The ISM said its services PMI jumped to 53.8 in May from 49.4 in April, with a reading above 50 indicating growth in the sector.
RTTNews
|
11h 32min ago
U.S. Mortgage Applications Tumble For Second Straight Week
Mortgage applications in the U.S. tumbled for the second consecutive week in the week ended May 31st, according to a report released by the Mortgage Bankers Association on Wednesday.
RTTNews
|
12h 48min ago
U.S. Private Sector Job Growth Slows More Than Expected In May
A report released by payroll processor ADP on Wednesday showed private sector job growth in the U.S. slowed by more than expected in the month of May. ADP said private sector employment climbed by 152,000 jobs in May after jumping by a downwardly revised 188,000 jobs in April.
RTTNews
|
13h 25min ago
U.S. Private Sector Employment Climbs Less Than Expected In May
A report released by payroll processor ADP on Wednesday showed private sector job growth in the U.S. slowed by more than expected in the month of May.
RTTNews
|
14h 1min ago
U.S. Factory Orders Climb Slightly More Than Expected In April
A report released by the Commerce Department on Tuesday showed new orders for U.S. manufactured goods rose by slightly more than expected in the month of April. The Commerce Department said factory orders climbed by 0.7 percent in April compared to economist estimates for an increase of 0.6 percent.
RTTNews
|
1 day ago
U.S. Job Openings Show Modest Decrease In April
Job opening in the U.S. saw a modest decrease in the month of April, according to a report released by the Labor Department on Tuesday.
RTTNews
|
1 day ago
US Construction Spending Logs Surprise Fall In April
US construction spending shrunk unexpectedly in April amid declines in both private and public construction, preliminary data from the U.S. Census Bureau showed Monday. Construction spending dipped 0.1 percent to $2,099.0 billion from the revised estimate of $2,101.5 billion in March. Spending was expected to grow 0.2 percent after a 0.2 percent decrease in March.
RTTNews
|
2 days ago
