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U.S. Weekly Jobless Claims Unexpectedly Decrease
(RTTNews) - The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits expectedly declined in the week ended August 15th.
The report said initial jobless claims fell to 206,000, a decrease of 6,000 from the previous week's revised level of 212,000.
Economists had expected jobless claims to inch up to 211,000 from the 209,000 originally reported for the previous week.
Meanwhile, the Labor Department said the less volatile four-week moving average rose to 204,000, an increase of 4,250 from the previous week's revised average of 199,750.
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U.S. Leading Economic Index Rises Slightly More Than Expected In July
A reading on leading U.S. economic indicators increased by slightly more than expected in the month of July, according to a report released by the Conference Board on Thursday. The Conference Board said its leading economic index rose by 0.2 percent in July after edging down by a revised 0.1 percent in June.
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U.S. Jobless Claims Unexpectedly Dip To 206,000
The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits expectedly declined in the week ended August 15th. The report said initial jobless claims fell to 206,000, a decrease of 6,000 from the previous week's revised level of 212,000.
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Philadelphia-area manufacturing activity continued to expand in the month of August, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday.
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Fed Minutes Reveal Officials Expect Higher Rates Unless Inflation Declines
Unless inflation declines, many Federal Reserve officials believe an increase in interest rates would likely be necessary, according to the minutes of the central bank's latest monetary policy meeting released on Wednesday.
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The National Association of Realtors released a report on Tuesday showing pending home sales in the U.S. unexpectedly saw further downside in the month of July. NAR said its pending home sales index slumped by 2.3 percent to 71.2 in July after tumbling by 4.8 percent to a revised 72.9 in June.
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U.S. Industrial Production Rises 0.2% In July, Slightly Less Than Expected
While the Federal Reserve released a report on Tuesday showing industrial production in the U.S. rose by slightly less than expected in the month of July, the report also showed an upward revision to the increase seen in June. The Fed said industrial production crept up by 0.2 percent in July after climbing by an upwardly revised 0.3 percent in June.
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U.S. Housing Starts Plunge 12.4% In July, Much More Than Expected
After reporting a spike in new residential construction in the U.S. in the previous month, the Commerce Department released a report on Tuesday showing housing starts plummeted by much more than expected in the month of July.
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