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U.S. Producer Prices Jump 1.1% In May, More Than Expected

U.S. Producer Prices Jump 1.1% In May, More Than Expected

Partly reflecting a continued spike in energy prices, the Labor Department released a report on Thursday showing a bigger than expected increase in U.S. producer prices in the month of May. The Labor Department said its producer price index for final demand shot up by 1.1 percent in May, matching a downwardly revised jump in April.
RTTNews | 12h 50min ago
U.S. Jobless Claims Unexpectedly Rise To Four-Month High

U.S. Jobless Claims Unexpectedly Rise To Four-Month High

The Labor Department released a report on Thursday showing an unexpected uptick in first-time claims for U.S. unemployment benefits in the week ended June 6th. The report said initial jobless claims crept up to 229,000, an increase of 4,000 from the previous week's unrevised level of 225,000. Economists had expected jobless claims to dip to 219,000.
RTTNews | 13h 47min ago
U.S. Producer Prices Jump More Than Expected In May

U.S. Producer Prices Jump More Than Expected In May

Partly reflecting a continued spike in energy prices, the Labor Department released a report on Thursday showing a bigger than expected increase in U.S. producer prices in the month of May.
RTTNews | 14h 54min ago
U.S. Consumer Prices Increase 0.5% In May, In Line With Estimates

U.S. Consumer Prices Increase 0.5% In May, In Line With Estimates

A report released by the Labor Department on Wednesday showed consumer prices in the U.S. increased in line with economist estimates in the month of May. The Labor Department said its consumer price index rose by 0.5 percent in May after climbing by 0.6 percent in April. The price growth matched expectations.
RTTNews | 1 day ago
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 | 2 days 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 | 2 days 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 | 6 days ago