U.S. Weekly Jobless Claims Unexpectedly Edge Slightly Lower

RTTNews | 26 days ago
U.S. Weekly Jobless Claims Unexpectedly Edge Slightly Lower

(RTTNews) - A report released by the Labor Department on Thursday unexpectedly showed a slight decline by first-time claims for U.S. unemployment benefits in the week ended May 17th.

The Labor Department said initial jobless claims edged down to 227,000, a decrease of 2,000 from the previous week's unrevised level of 229,000. The dip surprised economists, who had expected jobless claims to inch up to 230,000.

Meanwhile, the report said the less volatile four-week moving average crept up to 231,500, an increase of 1,000 from the previous week's unrevised average of 230,500.

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U.S. Industrial Production Unexpectedly Dips 0.2% In May

U.S. Industrial Production Unexpectedly Dips 0.2% In May

Industrial production in the U.S. unexpectedly saw a modest decrease in the month of May, according to a report released by the Federal Reserve on Tuesday. The Fed said industrial production dipped by 0.2 percent in May following a revised 0.1 percent uptick in April.
RTTNews | 4h 23min ago
U.S. Import Prices Unchanged In May

U.S. Import Prices Unchanged In May

With a steep drop in prices for fuel imports offset by an increase in prices for non-fuel imports, the Labor Department released a report on Tuesday showing U.S. import prices were unchanged in the month of May.
RTTNews | 4h 48min ago
U.S. Retail Sales Slump 0.9% In May, More Than Expected

U.S. Retail Sales Slump 0.9% In May, More Than Expected

The Commerce Department released a report on Tuesday showing U.S. retail sales decreased by more than expected in the month of May. The report said retail sales slid by 0.9 percent in May after edging down by a revised 0.1 percent in April. Economists had expected retail sales to decline by 0.6 percent compared to the 0.1 percent uptick originally reported for the previous month.
RTTNews | 4h 50min ago
New York Manufacturing Index Unexpectedly Slides Further Into Negative Territory

New York Manufacturing Index Unexpectedly Slides Further Into Negative Territory

According to a report released by the Federal Reserve Bank of New York on Monday, New York manufacturing activity fell for a fourth consecutive month in June. The New York Fed said its general business conditions index slid to a negative 16.0 in June from a negative 9.2 in May, with a negative reading indicating contraction. Economists had expected the index to climb to a negative 5.5.
RTTNews | 1 day ago
U.S. Consumer Sentiment Improves Much More Than Expected In June

U.S. Consumer Sentiment Improves Much More Than Expected In June

Preliminary data released by the University of Michigan on Friday showed a substantial improvement by consumer sentiment in the U.S. in the month of June. The University of Michigan said its consumer sentiment index surged to 60.5 in June after holding at 52.2 in May. Economists had expected the index to rise to 53.5.
RTTNews | 4 days ago