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U.S. Weekly Jobless Claims Unexpectedly Dip To 186,000
(RTTNews) - First-time claims for U.S. unemployment benefits unexpectedly showed another modest decrease in the week ended January 21st, according to a report released by the Labor Department on Thursday.
The report said initial jobless claims edged down to 186,000, a decrease of 6,000 from the previous week's revised level of 192,000
The dip surprised economists, who had expected jobless claims to rise to 205,000 from the 190,000 originally reported for the previous week.
The Labor Department said the less volatile four-week moving average also slipped to 197,500, a decrease of 9,250 from the previous week's revised average of 206,750.
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U.S. Wholesale Inventories Climb Slightly Less Than Expected In March
The Commerce Department released a report on Thursday showing wholesale inventories in U.S. increased by slightly less than expected in the month of March. The report said wholesale inventories rose by 0.4 percent in March after climbing by an upwardly revised 0.5 percent in February.
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U.S. Labor Productivity Decreases For First Time Since 2022
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Fed Leaves Interest Rates Unchanged, Warns Of Higher Unemployment, Inflation.
The Federal Reserve on Wednesday announced its widely expected decision to leave interest rates unchanged, highlighting increased uncertainty about the economic outlook. The Fed said it decided to leave the target for the federal funds rate at 4.25 to 4.50 percent for the third straight meeting.
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U.S. Trade Deficit Spikes To Record High In March As Import Surge
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U.S. Trade Deficit Surges Much More Than Expected In March
The U.S. trade deficit spiked by much more than expected in the month of March, according to a report released by the Commerce Department on Tuesday.
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