Advertisement
U.S. Weekly Jobless Claims Pull Back More Than Expected
(RTTNews) - A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits pulled back by more than expected in the week ended April 6th after reaching a two-month high in the previous week.
The Labor Department said initial jobless claims fell to 211,000, a decrease of 11,000 from the previous week's revised level of 222,000.
Economists had expected jobless claims to slip to 215,000 from the 221,000 originally reported for the previous week.
Jobless claims in the week ended March 30th were at their highest level since reaching 225,000 in the week ended January 27th.
read more
Fed Cuts Rates By Quarter Point, Forecasts Two More Rate Cuts This Year
In a widely expected move, the Federal Reserve on Wednesday announced that it has decided to lower interest rates by a quarter point, marking the first rate cut of 2025. The Fed said it decided to lower the target range for the federal funds rate by 25 basis points to 4.0 percent to 4.25 percent, citing a shift in the balance of risks.
RTTNews
|
5h 19minuter sedan
U.S. Housing Starts Pull Back Much More Than Expected In August
After reporting significant increases in new residential construction in the U.S. over the two previous months, the Commerce Department released a report on Wednesday showing housing starts pulled back by much more than expected in the month of August. The Commerce Department said housing starts plummeted by 8.5 percent to an annual rate of 1.307 million in August.
RTTNews
|
9h 22minuter sedan
U.S. Housing Starts Plunge 8.5% In August, Much More Than Expected
After reporting significant increases in new residential construction in the U.S. over the two previous months, the Commerce Department released a report on Wednesday showing housing starts pulled back by much more than expected in the month of August.
RTTNews
|
11h 6minuter sedan
U.S. Business Inventories Rise 0.2% In July, In Line With Estimates
The Commerce Department released a report on Tuesday showing business inventories in the U.S. increased in line with expectations in the month of July. The report said business inventories rose by 0.2 percent in July, matching the increase seen June as well as economist estimates.
RTTNews
|
1 dag sedan
U.S. Homebuilder Confidence Holds Steady In September
Homebuilder confidence in the U.S. held steady in the month of September, according to a report released by the National Association of Home Builders on Tuesday. The report said the NAHB/Wells Fargo Housing Market Index came in at 32 in September, unchanged from August. Economists had expected the index to inch up to 33.
RTTNews
|
1 dag sedan
U.S. Industrial Production Unexpectedly Inches Slightly Higher In August
Industrial production in the U.S. unexpectedly edged slightly higher in the month of August, according to a report released by the Federal Reserve on Tuesday. The Fed said industrial production crept up by 0.1 percent in August after falling by a downwardly revised 0.4 percent in July. Economists had expected industrial production to slip by 0.1 percent.
RTTNews
|
1 dag sedan
U.S. Import Prices Unexpectedly Increase In August
A report released by the Labor Department on Tuesday showed import prices in the U.S. unexpectedly increased in the month of August. The Labor Department said import prices rose by 0.3 percent in August after inching up by a downwardly revised 0.2 percent in July. Economists had expected import prices to edge down by 0.1 percent.
RTTNews
|
1 dag sedan
U.S. Retail Sales Climb 0.6% In August, Much More Than Expected
The Commerce Department released a report on Tuesday showing retail sales in the U.S. rose by much more than expected in the month of August. The report said retail sales climbed by 0.6 percent in August, matching an upwardly revised increase in July. Economists had expected retail sales to inch up by 0.2 percent compared to the 0.5 percent growth originally reported for the previous month.
RTTNews
|
1 dag sedan
