U.S. Employment Inches Up Far Less Than Expected In October
(RTTNews) - With increases in healthcare and government jobs partly offset by decreases in temporary and manufacturing jobs, the Labor Department released a report on Friday showing employment in the U.S. edged only slightly higher in the month of October.
The Labor Department said non-farm payroll employment crept up by 12,000 jobs in October after jumping by a downwardly revised 223,000 jobs in September.
Economists had expected employment to climb by 113,000 jobs compared to the surge of 254,000 jobs originally reported for the previous month.
Meanwhile, the report said the unemployment rate came in at 4.1 percent in October, unchanged from September and in line with economist estimates.
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U.S. Consumer Sentiment Improves Less Than Previously Estimated In November
Consumer sentiment in the U.S. improved less than previously estimated in the month of November, according to revised data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index for November was downwardly revised to 71.8 from the preliminary reading of 73.0.
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U.S. Leading Economic Index Falls Slightly More Than Expected In October
A reading on leading U.S. economic indicators fell by slightly more than expected in the month of October, the Conference Board revealed in a report released on Thursday. The Conference Board said its leading economic index slid by 0.4 percent in October after dipping by a revised 0.3 percent in September.
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U.S. Existing Home Sales Rebound More Than Expected In October
Existing home sales in the U.S. rebounded by more than expected in the month of October, according to a report released by the National Association of Realtors on Thursday. The report said existing home sales surged by 3.4 percent to an annual rate of 3.96 million in October after slumping by 1.3 percent to a revised rate of 3.83 million in September.
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Philly Fed Index Unexpectedly Indicates Contraction In November
A report released by the Federal Reserve Bank of Philadelphia on Thursday said regional manufacturing activity softened overall in the month of November. The Philly Fed said its diffusion index for current general activity tumbled to a negative 5.5 in November from a positive 10.3 in October, with a negative reading indicating contraction.
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U.S. Weekly Claims Dip To Lowest Level In Over Six Months
The Labor Department released a report on Thursday unexpectedly showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended November 16th. The report said initial jobless claims slipped to 213,000, a decrease of 6,000 from the previous week's revised level of 219,000. Economists had expected jobless claims to inch up to 220,000.
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Philly Fed Index Unexpectedly Turns Negative In November
A report released by the Federal Reserve Bank of Philadelphia on Thursday said regional manufacturing activity softened overall in the month of November.
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U.S. Weekly Claims Unexpectedly Dip To 213,000
The Labor Department released a report on Thursday unexpectedly showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended November 16th
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Fed's Barkin Warns U.S. Vulnerable To Inflation Shocks - FT
The U.S. economy is now more vulnerable to inflation shocks than it was in the past, Federal Reserve Bank of Richmond President Tom Barkin said in an interview to the Financial Times published on Wednesday, as businesses grow increasingly concerned about the impact of the Donald Trump administration's policies regarding tariffs and migrants.
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