U.S. Private Sector Employment Jumps More Than Expected In April
(RTTNews) - Private sector employment in the U.S. increased by more than expected in the month of April, according to a report released by payroll processor ADP on Wednesday.
ADP said private sector employment shot up by 192,000 jobs in April after jumping by an upwardly revised 208,000 jobs in March.
Economists had expected private sector employment to climb by 175,000 jobs compared to the addition of 184,000 jobs originally reported for the previous month.
"Hiring was broad-based in April," said ADP chief economist Nela Richardson. "Only the information sector - telecommunications, media, and information technology - showed weakness, posting job losses and the smallest pace of pay gains since August 2021."
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U.S. Consumer Sentiment Unexpectedly Drops To Seven-Month Low In June
The University of Michigan released preliminary data on Friday unexpectedly showing a continued deterioration in U.S. consumer sentiment in the month of June. The report said the consumer sentiment index fell to 65.6 in June after tumbling to 69.1 in May. Economists had expected the index to rebound to 72.0.
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U.S. Import Price Unexpectedly Decrease 0.4% In May
A report released by the Labor Department on Friday showed unexpected decreases by U.S. import and export prices in the month of May. The Labor Department said import prices fell by 0.4 percent in May following a 0.9 percent advance in April. Economists had expected import prices to inch up by 0.1 percent.
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U.S. Import, Export Prices Unexpectedly Decrease In May
A report released by the Labor Department on Friday showed unexpected decreases by U.S. import and export prices in the month of May.
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U.S. Producer Prices Unexpectedly Dip In May, Annual Growth Slows
A report released by the Labor Department on Thursday showed producer prices in the U.S. unexpectedly edged lower in the month of May. The Labor Department said its producer price index for final demand dipped by 0.2 percent in May after climbing by 0.5 percent in April. Economists had expected producer prices to inch up by 0.1 percent.
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U.S. Weekly Jobless Claims Unexpectedly Climb To Nearly 10-Month High
The Labor Department released a report on Thursday showing an unexpected increase by first-time claims for U.S. unemployment benefits in the week ended June 8th. The report said initial jobless claims climbed to 242,000, an increase of 13,000 from the previous week's unrevised level of 229,000. Economists had expected jobless claims to edge down to 225,000.
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U.S. Producer Prices Unexpectedly Edge Lower In May
A report released by the Labor Department on Thursday showed producer prices in the U.S. unexpectedly edged lower in the month of May.
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U.S. Weekly Jobless Claims Unexpectedly Climb To 242,000
The Labor Department released a report on Thursday showing an unexpected increase by first-time claims for U.S. unemployment benefits in the week ended June 8th.
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What Makes This Economist Think Two Fed Rate Cuts Are Possible This Year?
The U.S. Federal Reserve left the federal funds rate target unchanged on Wednesday and forecast just one interest rate cut for this year, but Capital Economics thinks two rate cuts are possible. "Overall, there's nothing here that rules out a September rate cut," Capital Economics economist Paul Ashworth said.
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