U.S. Weekly Jobless Claims Rise More Than Expected

RTTNews | 210日前
U.S. Weekly Jobless Claims Rise More Than Expected

(RTTNews) - A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing a modest increase by first-time claims for U.S. unemployment benefits in the week ended November 30th.

The report said initial jobless claims rose to 224,000, an increase of 9,000 from the previous week's revised level of 215,000.

Economists had expected jobless claims to inch up to 215,000 from the 213,000 originally reported for the previous week.

With the upward revision, jobless claims in the week ended November 23rd were unchanged from the week ended November 16th, which marks the lowest level since claims hit 209,000 in the week ended April 27th.

"Initial jobless claims were a touch higher than expected in the week ended November 30, but remain at a level consistent with a relatively limited pace of layoffs," said Nancy Vanden Houten, Lead U.S. Economist at Oxford Economics.

She added, "However, mentions of layoffs in the claims data have picked up in recent weeks, particularly in the manufacturing sector."

The Labor Department said the less volatile four-week moving average also crept up to 218,250, an increase of 750 from the previous week's revised average of 217,500.

Meanwhile, the report said continuing claims, a reading on the number of people receiving ongoing unemployment assistance, fell by 25,000 to 1.871 million in the week ended November 23rd.

The four-week moving average of continuing claims also dipped to 1,884,250, a decrease of 3,250 from the previous week's revised average of 1,887,500.

"Continued claims took a step back in the week ended November 30, falling to their lowest level since mid-October," said Vanden Houten. "Of the states most impacted by recent hurricanes, continued claims remain elevated in North Carolina although they are drifting lower."

On Friday, the Labor Department is scheduled to release its more closely watched report on the employment situation in the month of November.

Economists currently expect employment to jump by 200,000 jobs in November after inching up by 12,000 jobs in October, while the unemployment rate is expected to tick up to 4.2 percent from 4.1 percent.

read more
U.S. Factory Orders Spike In Line With Estimates In May

U.S. Factory Orders Spike In Line With Estimates In May

New orders for U.S. manufactured goods saw a substantial rebound in the month of May, according to a report released by the Commerce Department on Thursday. The Commerce Department factory orders spiked by 8.2 percent in May after plunging by a revised 3.9 percent in April. The sharp increase matched economist estimates.
RTTNews | 13時22分前
U.S. Service Sector Returns To Growth In June

U.S. Service Sector Returns To Growth In June

After reporting a slight contraction in U.S. service sector activity in the previous month, the Institute for Supply Management released a report on Thursday showing the service sector returned to growth in the month of June. The ISM said its services PMI rose to 50.8 in June from 49.9 in May, with a reading above 50 indicating growth. Economists had expected the index to inch up to 50.5.
RTTNews | 13時52分前
U.S. Trade Deficit Widens In May As Exports Slump

U.S. Trade Deficit Widens In May As Exports Slump

A report released by the Commerce Department on Thursday showed the U.S. trade deficit widened in the month of May amid a steep drop by the value of exports. The Commerce Department said the trade deficit climbed to $71.5 billion in May from a revised $60.3 billion in April. Economists had expected the trade deficit to increase to $71.0 billion.
RTTNews | 14時9分前
U.S. Weekly Jobless Claims Unexpectedly Edge Modestly Lower

U.S. Weekly Jobless Claims Unexpectedly Edge Modestly Lower

The Labor Department released a report on Thursday showing an unexpected decrease by first-time claims for U.S. unemployment benefits in the week ended June 28th. The report said initial jobless claims edged down to 233,000, a decrease of 4,000 from the previous week's revised level of 237,000. Economists had expected jobless claims to inch up to 240,000.
RTTNews | 14時23分前
U.S. Employment Jumps By 147,000 Jobs In June, More Than Expected

U.S. Employment Jumps By 147,000 Jobs In June, More Than Expected

A closely watched report released by the Labor Department on Thursday showed employment in the U.S. increased by more than expected in the month of June. The Labor Department said non-farm payroll employment shot up by 147,000 jobs in June after jumping by an upwardly revised 144,000 jobs in May. Economists had expected employment to climb by 110,000 jobs.
RTTNews | 14時56分前