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U.S. Trade Deficit Widens As Imports Rise Slightly More Than Exports
(RTTNews) - The Commerce Department released a report on Wednesday showing the U.S. trade deficit widened in the month of July.
The report said the trade deficit increased to $65.0 billion in July from a revised $63.7 billion in June. Economists had expected the trade deficit to rise to $65.8 billion from the $65.5 billion originally reported for the previous month.
The wider trade deficit came as the value of imports increased by slightly more than the value of exports.
The value of imports climbed by 1.7 percent to $316.7 billion, while the value of exports rose by 1.6 percent to $251.7 billion.
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U.S. Producer Prices Inch Up 0.1% In May, Less Than Expected
After reporting an unexpected decrease by U.S. producer prices in the previous month, the Labor Department released a report Thursday showing producer prices crept slightly higher in the month of May. The Labor Department said its producer price index for final demand inched up by 0.1 percent after slipping by a revised 0.2 percent in April.
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9h 31min ago
U.S. Weekly Jobless Claims Unexpectedly Unchanged At Eight-Month High
The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits came in flat in the week ended June 7th. The report said initial jobless claims in at 248,000, unchanged from the previous week's revised level. Economists had expected jobless claims to dip to 240,000 from the 247,000 originally reported for the previous week.
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9h 34min ago
U.S. Producer Prices Inch Up Less Than Expected In May
After reporting an unexpected decrease by U.S. producer prices in the previous month, the Labor Department released a report Thursday showing producer prices crept slightly higher in the month of May.
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10h 44min ago
U.S. Weekly Jobless Claims Unchanged At 248,000
The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits came in flat in the week ended June 7th.
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10h 49min ago
U.S. Consumer Prices Inch Up 0.1% In May, Slightly Less Than Expected
A closely watched report released by the Labor Department on Wednesday showed a slight increase by consumer prices in the U.S. in the month of May. The Labor Department said its consumer price index inched up by 0.1 percent in May after rising by 0.2 percent in April. Economists had expected another 0.2 percent increase.
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1 day ago
U.S. Consumer Prices Inch Up Slightly Less Than Expected In May
A closely watched report released by the Labor Department on Wednesday showed a slight increase by consumer prices in the U.S. in the month of May.
RTTNews
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1 day ago
U.S. Job Growth Slightly Exceeds Estimates In May
Employment in the U.S. increased by slightly more than expected in the month of May, according to a report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 139,000 jobs in May after jumping by a downwardly revised 147,000 jobs in April.
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6 days ago
U.S. Employment Jumps Slightly More Than Expected In May
Employment in the U.S. increased by slightly more than expected in the month of May, according to a report released by the Labor Department on Friday.
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6 days ago
