U.S. Jobless Claims Unexpectedly Decrease To Seven-Month Low

RTTNews | Pred 672 dňami
U.S. Jobless Claims Unexpectedly Decrease To Seven-Month Low

(RTTNews) - First-time claims for U.S. unemployment benefits unexpectedly fell to a seven-month low in the week ended September 16th, the Labor Department revealed in a report released on Thursday.

The report said initial jobless claims dipped to 201,000, a decrease of 20,000 from the previous week's revised level of 221,000.

Economists had expected jobless claims to inch up to 225,000 from the 220,000 originally reported for the previous week.

With the unexpected decrease, jobless claims fell to their lowest level since hitting 199,000 in the week ended January 28th.

"We won't read too much into one week's reading, however, looking at the big picture, claims remain at low levels, a sign that while labor market conditions are cooling, the job market is still characterized by very few layoffs," said Nancy Vanden Houten, Lead U.S. Economist at Oxford Economics.

She added, "We expect some increase in layoffs later in the year as the economy slows but look for job losses to be modest compared to prior recessions."

The Labor Department said the less volatile four-week moving average also slipped to 217,000, a decrease of 7,750 from the previous week's revised average of 224,750.

Continuing claims, a reading on the number of people receiving ongoing unemployment assistance also fell by 21,000 to 1.662 million in the week ended September 9th.

The four-week moving average of continuing claims also edged down to 1,687,000, a decrease of 8,750 from the previous week's revised average of 1,695,750.

read more
U.S. Initial Jobless Claims Unexpectedly Dip To 217,000

U.S. Initial Jobless Claims Unexpectedly Dip To 217,000

The Labor Department released a report on Thursday unexpectedly showing another modest decrease by first-time claims for U.S. unemployment benefits in the week ended July 19th. The report said initial jobless claims edged down to 217,000, a decrease of 4,000 from the previous week's unrevised level of 221,000. Economists had expected jobless claims to rise to 227,000.
RTTNews | Pred 40 minútami
U.S. Existing Home Sales Slump To Nine-Month Low In June

U.S. Existing Home Sales Slump To Nine-Month Low In June

A report released by the National Association of Realtors on Wednesday showed existing home sales in the U.S. pulled back by more than expected in the month of June. NAR said existing home sales slumped by 2.7 percent to an annual rate of 3.93 million in June after jumping by 1.0 percent to a revised rate of 4.04 million in May.
RTTNews | Pred 1 dňom
U.S. Leading Economic Index Dips Slightly More Than Expected In June

U.S. Leading Economic Index Dips Slightly More Than Expected In June

A report released by the Conference Board on Monday showed its reading on leading U.S. economic indicators fell by slightly more than expected in the month of June. The Conference Board said its leading economic index declined by 0.3 percent in June following a revised unchanged reading in May.
RTTNews | Pred 3 dňami
U.S. Consumer Sentiment Reaches Five-Month High In July

U.S. Consumer Sentiment Reaches Five-Month High In July

After reporting a substantial rebound by U.S. consumer sentiment in the previous month, the University of Michigan released a report on Friday showing a more modest improvement by consumer sentiment in the month of July. The University of Michigan said its consumer sentiment index climbed to 61.8 in July after surging to 60.7 in June. Economists had expected the index to rise to 61.5.
RTTNews | Pred 6 dňami
U.S. Housing Starts Rebound More Than Expected In June

U.S. Housing Starts Rebound More Than Expected In June

New residential construction in the U.S. rebounded by more than expected in the month of June, according to a report released by the Commerce Department on Friday. The Commerce Department said housing starts surged by 4.6 percent to an annual rate of 1.321 million in June after plunging by 9.7 percent to a revised rate of 1.263 million in May.
RTTNews | Pred 6 dňami
U.S. Business Inventories Remain Unchanged For Second Straight Month

U.S. Business Inventories Remain Unchanged For Second Straight Month

Business inventories in the U.S. remained unchanged for the second consecutive month in May, according to a report released by the Commerce Department on Thursday. The Commerce Department said business inventories were virtually unchanged in May after also coming in flat in April. The unchanged reading matched economist estimates.
RTTNews | Pred 7 dňami
U.S. Homebuilder Confidence Modestly Improves In July

U.S. Homebuilder Confidence Modestly Improves In July

A report released by the National Association of Home Builders on Thursday showed a modest improvement in homebuilder confidence in the U.S. in the month of July. The report said the NAHB/ Wells Fargo Housing Market Index inched up to 33 in July after slipping to 32 in June. The uptick matched economist estimates.
RTTNews | Pred 7 dňami