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U.S. Weekly Jobless Claims Edge Down In Line With Estimates
(RTTNews) - First-time claims for U.S. unemployment benefits edged modestly lower in the week ended June 14th, according to a report released by the Labor Department on Wednesday.
The report said initial jobless claims dipped to 245,000, a decrease of 5,000 from the previous week's revised level of 250,000.
Economists had expected jobless claims to slip to 245,000 from the 248,000 originally reported for the previous week.
Meanwhile, the Labor Department said the less volatile four-week moving average crept up to 245,500, an increase of 4,750 from the previous week's revised average of 240,750.
With the uptick, the four-week moving average reached its highest level since hitting 246,000 in the week ended August 19, 2023.
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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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18h 47min ago
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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19h 0min ago
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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19h 23min ago
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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19h 40min ago
U.S. Retail Sales Rebound Much More Than Expected In June
Retail sales in the U.S. rebounded by much more than expected in the month of June, according to a report released by the Commerce Department on Thursday. The Commerce Department said retail sales climbed by 0.6 percent in June after slumping by 0.9 percent in May. Economists had expected retail sales to inch up by 0.1 percent.
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19h 50min ago
U.S. Weekly Jobless Claims Unexpectedly Dip To Three-Month Low
A report released by the Labor Department on Thursday unexpectedly showed a modest decrease by first-time claims for U.S. unemployment benefits in the week ended July 12th. The Labor Department said initial jobless claims fell to 221,000, a decrease of 7,000 from the previous week's revised level of 228,000. Economists had expected jobless claims to rise to 235,000.
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19h 56min ago
Philly Fed Index Surges Much More Than Expected 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.
RTTNews
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21h 2min ago
U.S. Import Prices Inch Up Less Than Expected In June
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.
RTTNews
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21h 5min ago
