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U.S. Weekly Jobless Claims Unexpectedly Edge Down To 213,000
(RTTNews) - A report released by the Labor Department on Thursday unexpectedly showed another modest decrease in first-time claims for U.S. unemployment benefits in the week ended September 10th.
The Labor Department said initial jobless claims slipped to 213,000, a decrease of 5,000 from the previous week's revised level of 218,000.
Economists had expected jobless claims to inch up to 226,000 from the 222,000 originally reported for the previous week.
With the unexpected dip, jobless claims fell to their lowest level since hitting 202,000 in the week ended May 28, 2022.
The report also showed the less volatile four-week moving average edged down to 224,000, a decrease of 8,000 from the previous week's revised average of 232,000.
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U.S. Import, Export Prices Unexpectedly Inch Up 0.1% In April
The Labor Department released a report on Friday unexpectedly showing modest increases by U.S. import and export prices in the month of April.
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U.S. Housing Starts Rebound In April But Building Permits Pull Back Sharply
While the Commerce Department released a report on Friday showing a rebound by new residential construction in the U.S. in the month of April, the report also showed a substantial pullback by building permits during the month.
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U.S. Business Inventories Inch Up Slightly Less Than Expected In March
The Commerce Department released a report on Thursday showing a slight increase by U.S. business inventories in the month of March. The report said business inventories crept up by 0.1 percent in March after rising by 0.2 percent in February. Economists had expected business inventories to rise by another 0.2 percent.
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U.S. Homebuilder Confidence Unexpectedly Slumps In May
Reflecting growing uncertainties stemming from elevated interest rates, tariff concerns, building material cost uncertainty and the cloudy economic outlook, the National Association of Home Builders released a report on Thursday showing an unexpected slump by U.S. homebuilder confidence in the month of May.
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