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U.S. Weekly Jobless Claims Pull Back 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 first-time claims for U.S. unemployment benefits pulled back by more than expected in the week ended November 26th.
The report said initial jobless claims fell to 225,000, a decrease of 16,000 from the previous week's revised level of 241,000.
Economists had expected jobless claims to edge down to 235,000 from the 240,000 originally reported for the previous week.
With the bigger than expected decrease, jobless claims gave back ground after reaching their highest level in three months.
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U.S. Leading Economic Index Dips Slightly More Than Expected In June
A report released by the Conference Board on Monday showed its reading on leading U.S. economic indicators fell by slightly more than expected in the month of June. The Conference Board said its leading economic index declined by 0.3 percent in June following a revised unchanged reading in May.
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U.S. Consumer Sentiment Reaches Five-Month High In July
After reporting a substantial rebound by U.S. consumer sentiment in the previous month, the University of Michigan released a report on Friday showing a more modest improvement by consumer sentiment in the month of July. The University of Michigan said its consumer sentiment index climbed to 61.8 in July after surging to 60.7 in June. Economists had expected the index to rise to 61.5.
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U.S. Housing Starts Rebound More Than Expected In June
New residential construction in the U.S. rebounded by more than expected in the month of June, according to a report released by the Commerce Department on Friday. The Commerce Department said housing starts surged by 4.6 percent to an annual rate of 1.321 million in June after plunging by 9.7 percent to a revised rate of 1.263 million in May.
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U.S. Housing Starts Surge 4.6% In June, More Than Expected
New residential construction in the U.S. rebounded by more than expected in the month of June, according to a report released by the Commerce Department on Friday.
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U.S. Business Inventories Remain Unchanged For Second Straight Month
Business inventories in the U.S. remained unchanged for the second consecutive month in May, according to a report released by the Commerce Department on Thursday. The Commerce Department said business inventories were virtually unchanged in May after also coming in flat in April. The unchanged reading matched economist estimates.
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U.S. Homebuilder Confidence Modestly Improves In July
A report released by the National Association of Home Builders on Thursday showed a modest improvement in homebuilder confidence in the U.S. in the month of July. The report said the NAHB/ Wells Fargo Housing Market Index inched up to 33 in July after slipping to 32 in June. The uptick matched economist estimates.
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Philly Fed Index Surges To Five-Month High In July
The Federal Reserve Bank of Philadelphia released a report on Thursday showing manufacturing activity in the region unexpectedly expanded overall in the month of July. The Philly Fed said its diffusion index for current general activity surged to a positive 15.9 in July from a negative 4.0 in June, with a positive reading indicating growth.
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U.S. Import Prices Inch Up 0.1% In June, Less Than Expected
Import prices in the U.S. inched up by less than expected in the month of June, the Labor Department revealed in a report released on Thursday. The Labor Department said import prices crept up by 0.1 percent in June after falling by a revised 0.4 percent in May.
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