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U.S. Existing Home Sales Surge Much More Than Expected In May

U.S. Existing Home Sales Surge Much More Than Expected In May

A report released by the National Association of Realtors on Tuesday showed existing home sales in the U.S. spiked by much more than anticipated in the month of May. NAR said existing home sales surged by 3.2 percent to an annual rate of 4.17 million in May after climbing by 0.8 percent to an upwardly revised rate of 4.04 million in April.
RTTNews | 15h 1min ago
U.S. Trade Deficit Narrows To $55.9 Billion In April, Roughly In Line With Estimates

U.S. Trade Deficit Narrows To $55.9 Billion In April, Roughly In Line With Estimates

The Commerce Department released a report on Tuesday showing the U.S. trade deficit narrowed roughly in line with economist estimates in the month of April. The report said the trade deficit shrank to $55.9 billion in April from a revised $56.6 billion in March. Economists had expected the trade deficit to decrease to $55.8 billion from the $60.3 billion originally reported for the previous month
RTTNews | 15h 18min ago
U.S. Job Growth Far Exceeds Estimates In May

U.S. Job Growth Far Exceeds Estimates In May

Employment in the U.S. jumped by much more than expected in the month of May, according to a closely watched report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 172,000 jobs in May after surging by an upwardly revised 179,000 jobs in April.
RTTNews | 4 days ago
U.S. Jobless Claims Unexpectedly Climb To Nearly Four-Month High

U.S. Jobless Claims Unexpectedly Climb To Nearly Four-Month High

First-time claims for unemployment benefits in the U.S. unexpectedly increased in the week ended May 30th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 225,000, an increase of 13,000 from the previous week's revised level of 212,000.
RTTNews | 5 days ago
U.S. Services Index Rises More Than Expected In May

U.S. Services Index Rises More Than Expected In May

The Institute for Supply Management released a report on Wednesday showing its reading on U.S. service sector activity increased by more than expected in the month of May. The ISM said its services PMI rose to 54.5 in May from 53.6 in April, with a reading above 50 indicating growth. Economists had expected the index to tick up to 53.7.
RTTNews | 6 days ago
U.S. Private Sector Job Growth Modestly Exceeds Estimates In May

U.S. Private Sector Job Growth Modestly Exceeds Estimates In May

A report released by payroll processor ADP on Wednesday showed private sector employment in the U.S. jumped by slightly more than expected in the month of May. ADP said private employment shot up by 122,000 jobs in May after increasing by a downwardly revised 105,000 jobs in April.
RTTNews | 6 days ago