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U.S. Initial Jobless Show Modest Decrease In Week Ended 6/25
(RTTNews) - A report released by the Labor Department on Thursday showed a modest decrease in first-time claims for U.S. unemployment benefits in the week ended June 25th.
The Labor Department said initial jobless claims slipped to 231,000, a decrease of 2,000 from the previous week's revised level of 233,000.
Economists had expected jobless claims to edge down to 228,000 from the 229,000 originally reported for the previous month.
Meanwhile, the report showed the less volatile four-week moving average rose to 231,750, an increase of 7,250 from the previous week's revised average of 224,500.
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U.S. Service Sector Growth Unexpectedly Slows In July
A report released by the Institute for Supply Management on Tuesday unexpectedly showed a modest slowdown in the pace of growth by U.S. service sector activity in the month of July. The ISM said its services PMI edged down to 50.1 in July from 50.8 in June. While a reading above 50 still indicates growth, economists had expected the index to rise to 51.5.
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U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge
The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday. The Commerce Department said the trade deficit shrank to $60.2 billion in June from a revised $71.7 billion in May.
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U.S. Trade Deficit Narrows Slightly More Than Expected In June
The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday.
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