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U.S. Import Prices Decline More Than Expected In July
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(RTTNews) - Reflecting a sharp pullback in prices for fuel imports, the Labor Department released a report on Friday showing U.S. import prices fell by more than expected in the month of July.
The Labor Department said import prices slumped by 1.4 percent in July after rising by an upwardly revised 0.3 percent in June.
Economists had expected import prices to decline by 1.0 percent compared to the 0.2 percent uptick originally reported for the previous month.
The report also showed export prices tumbled by 3.3 percent in July after climbing by 0.7 percent in June. Export prices were expected to decrease by 1.1 percent.
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The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly fell to a three-year low in the week ended November 29th. The report said initial jobless claims slid to 191,000, a decrease of 27,000 from the previous week's revised level of 218,000. Economist had expected jobless claims to rise to 220,000.
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U.S. Weekly Jobless Claims Unexpectedly Drop To 191,000
The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly fell to a three-year low in the week ended November 29th.
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U.S. Services Index Unexpectedly Indicates Slightly Faster Growth In November
Service sector activity in the U.S. unexpectedly grew at a slightly faster rate in the month of November, according to a report released by the Institute for Supply Management on Wednesday. The ISM said its services PMI inched up to 52.6 in November after climbing to 52.4 in October, with a reading above 50 indicating growth. Economists had expected the index to edge down to 52.1.
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U.S. Industrial Production Edges Slightly Higher In September
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U.S. Import, Export Prices Unexpectedly Unchanged In September
The Labor Department released a long-delayed report on Wednesday showing U.S. import and exports both came in flat in the month of September. The report said import prices came in unchanged in September following a downwardly revised 0.1 percent uptick in August. Economists had expected import prices to inch up by 0.1 percent.
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U.S. Private Sector Employment Unexpectedly Dips By 32,000 Jobs In November
A report released by payroll processor ADP on Wednesday showed an unexpected decrease by private sector employment in the U.S in the month of November. ADP said private sector employment fell by 32,000 jobs in November after climbing by an upwardly revised 47,000 jobs in October. Economists had expected private sector employment to inch up by 10,000 jobs.
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U.S. Industrial Production Unexpectedly Inches Up 0.1% In September
Industrial production in the U.S. edged slightly higher in the month of September, the Federal Reserve revealed in a long-delayed report released on Wednesday.
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U.S. Import, Export Prices Unexpectedly Flat In September
The Labor Department released a long-delayed report on Wednesday showing U.S. import and exports both came in flat in the month of September.
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