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U.S. Weekly Jobless Claims Inch Up More Than Expected
(RTTNews) - After reporting a rebound by first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report on Thursday showing initial jobless claims saw further upside in the week ended January 18th.
The Labor Department said initial jobless claims rose to 223,000, an increase of 6,000 from the previous week's unrevised level of 217,000. Economists had expected jobless claims to inch up to 220,000.
With the increase, jobless claims continued to regain ground after hitting a nearly eleven-month low in the week ended January 4th.
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Fed Leaves Interest Rates Unchanged, Still Sees Rate Cuts This Year
In an almost universally expected move, the Federal Reserve on Wednesday announced its decision to once again leave interest rates unchanged, but projections signaled the central bank is still likely to lower rates later this year. The Fed said it decided to maintain the target range for the federal funds rate at 4.25 to 4.50 percent.
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U.S. Industrial Production Climbs 0.7% In February, Much More Than Expected
The Federal Reserve released a report on Tuesday showing industrial production in the U.S. increased by much more than expected in the month of January. The report said industrial production climbed by 0.7 percent in February after climbing by a downwardly revised 0.3 percent in January.
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U.S. Import, Export Prices Unexpectedly Increase In February
A report released by the Labor Department on Tuesday showed an unexpected increases by U.S. import and export prices in the month of February. The Labor Department said import prices climbed by 0.4 percent in February, matching an upwardly revised increase in January.
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U.S. Housing Starts Spike 11.2% In February, Much More Than Expected
New residential construction in the U.S. rebounded by much more than anticipated in the month of February, according to a report released by the Commerce Department on Tuesday. The Commerce Department said housing starts spiked by 11.2 percent to an annual rate of 1.501 million in February after plunging by 11.5 percent to a revised rate of 1.350 million in January.
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U.S. Industrial Production Climbs Much More Than Expected In February
The Federal Reserve released a report on Tuesday showing industrial production in the U.S. increased by much more than expected in the month of January.
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U.S. Import Prices Unexpectedly Climb 0.4% In February
A report released by the Labor Department on Tuesday showed an unexpected increase by U.S. import prices in the month of February.
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U.S. Housing Starts Rebound Much More Than Expected In February
New residential construction in the U.S. rebounded by much more than anticipated in the month of February, according to a report released by the Commerce Department on Tuesday.
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U.S. Business Inventories Rise In Line With Estimates In January
Business inventories in the U.S. increased in line with economist estimates in the month of January, according to a report released by the Commerce Department on Monday. The Commerce Department said business inventories rose by 0.3 percent in January after dipping by 0.2 percent in December. The rebound matched expectations.
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