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U.S. Weekly Jobless Claims Edge Down To 217,000
(RTTNews) - First-time claims for U.S. unemployment claims edged down from an upwardly revised level in the week ended November 4th, according to a report released by the Labor Department on Thursday.
The report said initial jobless claims slipped to 217,000, a decrease of 3,000 from the previous week's revised level of 220,000.
Economists had expected jobless claims to inch up to 218,000 from the 217,000 originally reported for the previous week.
Meanwhile, the Labor Department said the less volatile four-week moving average crept up to 212,250, an increase of 1,500 from the previous week's revised average of 210,750.
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U.S. Service Sector Activity Unchanged In September
Service sector activity in the U.S. was unchanged in the month of September, the Institute for Supply Management revealed in a report released on Friday. The ISM said its services PMI fell to 50.0 in September from 52.0 in August, with a reading of 50.0 serving as the breakeven point between expansion and contraction. Economists had expected the index to edge down to 51.7.
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U.S. mortgage applications decreased in the week ended September 26 after rising in the previous three weeks, latest survey data from the Mortgage Bankers Association showed on Wednesday.
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U.S. Manufacturing Index Inches Higher In September But Still Indicates Contraction
A report released by the Institute for Supply Management on Wednesday showed its reading on U.S. manufacturing activity crept slightly higher in September but continued to indicate contraction. The ISM said its manufacturing PMI edged up to 49.1 in September from 48.7 in August, although a reading below 50 still indicates contraction. Economists had expected the index to inch up to 49.0.
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U.S. Private Sector Unexpectedly Cuts 32,000 Jobs In September
Private sector employment in the U.S. unexpectedly decreased in the month of September, according to a report released by payroll processor ADP on Wednesday. ADP said private sector employment fell by 32,000 jobs in September after dipping by a revised 3,000 jobs in August. Economists had expected private sector employment to climb by 50,000 jobs.
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U.S. Private Sector Employment Unexpectedly Decreases In September
Private sector employment in the U.S. unexpectedly decreased in the month of September, according to a report released by payroll processor ADP on Wednesday.
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CBO Estimates 750K Employees Could Be Furloughed Daily If Govt Shuts Down
The Congressional Budget Office said on Tuesday that about 750,000 federal employees could be furloughed each day if the government shuts down. The total cost of the compensation for furloughed employees would be about $400 million, the CBO Director Phillip Swagel said in a response letter to a query from Senator Joni Ernst.
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U.S. Job Openings Rebound To 7.227 Million In August
After reporting a pullback by U.S. job openings in the previous month, the Labor Department released a report on Tuesday showing job openings rebounded in the month of August. The Labor Department said job openings rose to 7.227 million in August from an upwardly revised 7.208 million in July.
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U.S. Consumer Confidence Index Falls To Five-Month Low In September
Partly reflected a steep drop by consumers' assessment of current business and labor market conditions, the Conference Board released a report on Tuesday showing a bigger than expected decrease by its reading on U.S. consumer confidence in the month of September. The Conference Board said its consumer confidence index slid to 94.2 in September from an upwardly revised 97.8 in August.
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