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U.S. Private Sector Employment Increases Less Than Expected In October
(RTTNews) - A report released by payroll processor ADP on Wednesday showed private sector employment in the U.S. increased by less than expected in the month of October.
ADP said private sector employment climbed by 113,000 jobs in October after rising by 89,000 jobs in September. Economists had expected employment to jump by 150,000 jobs.
"In all, October's numbers paint a well-rounded jobs picture," said ADP chief economist Nela Richardson. "And while the labor market has slowed, it's still enough to support strong consumer spending."
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U.S. Durable Goods Orders Plunge 6.3% In April As Aircraft Orders Plummet
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With orders for transportation equipment pulling back sharply, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of April.
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U.S. New Home Sales Spike From Downwardly Revised Level In April
The Commerce Department released a report on Friday showing new home sales in the U.S. in the month of April spiked compared to a significantly downwardly revised level in March. The report said new home sales soared by 10.9 percent to an annual rate of 743,000 in April after jumping by 2.6 percent to a downwardly revised rate of 670,000 in March.
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