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U.S. Weekly Jobless Claims Unexpectedly Climb To 242,000
(RTTNews) - First-time claims for U.S. unemployment benefits unexpectedly increased in the week ended December 7th, according to a report released by the Labor Department on Thursday.
The report said initial jobless claims climbed to 242,000, an increase of 17,000 from the previous week's revised level of 225,000.
Economists had expected jobless claims to dip to 220,000 from the 224,000 originally reported for the previous week.
The Labor Department said the less volatile four-week moving average also rose to 224,250, an increase of 5,750 from the previous week's revised average of 218,500.
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U.S. Homebuilder Confidence Improves Much More Than Expected In October
A report released by the National Association of Home Builders on Thursday showed homebuilder confidence in the U.S. has improved by much more than anticipated in the month of October. The report said the NAHB/Wells Fargo Housing Market Index jumped to 37 in October after holding steady at 32 in September. Economists had expected the index to inch up to 33.
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7h 36min ago
Philly Fed Index Plunges To Six-Month Low In October
The Federal Reserve Bank of Philadelphia released a report on Thursday showing a substantial pullback by its reading on regional manufacturing activity in the month of October. The Philly Fed said its diffusion index for current general activity plummeted to a negative 12.8 in October after spiking to a positive 23.2 in September, with a negative reading indicating contraction.
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8h 18min ago
Philly Fed Index Plunges Much More Than Expected In October
The Federal Reserve Bank of Philadelphia released a report on Thursday showing a substantial pullback by its reading on regional manufacturing activity in the month of October.
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9h 16min ago
Fed's Beige Book Says U.S. Economic Activity Little Changed
Economic activity in the U.S. has shown little change since early September, according to the Federal Reserve's Beige Book.
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1 day ago
U.S. Mortgage Applications Fall For Third Week: MBA
Mortgage applications for house purchase in the U.S. decreased for a third week in a row, survey results from the Mortgage Bankers Association showed on Wednesday.
The market composite index, which measures the house purchase mortgage loan application volume, dropped a seasonally adjusted 1.8 percent in the week ended October 10 following a 4.7 percent decline in the previous week, results of th
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1 day ago
New York Manufacturing Index Unexpectedly Indicates Growth In October
New York manufacturing activity has seen a significant turnaround in the month of October, according to a report released by the Federal Reserve Bank of New York on Wednesday. The New York Fed said its general business conditions index surged to a positive 10.7 in October after plunging to a negative 8.7 in September, with a positive reading indicating growth.
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1 day ago
New York Manufacturing Index Unexpectedly Returns To Positive Territory
New York manufacturing activity has seen a significant turnaround in the month of October, according to a report released by the Federal Reserve Bank of New York on Wednesday.
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1 day ago
IMF Raises Global Growth Forecast As Tariff Impact Less Severe Than Feared
The International Monetary Fund lifted the global growth forecast for this year and next as the impact of the trade tariffs has been less severe than initially expected but warned that the policy uncertainty remains high.
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2 days ago
