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. Construction Spending Inches Slightly Higher In September
Reflecting an increase in spending on public construction, the Commerce Department released a report on Friday showed an uptick by U.S. construction spending in the month of September. The report said construction spending crept up by 0.1 percent to an annual rate of $2.149 trillion in September after inching up by 0.1 percent to a revised rate of $2.146 trillion in August.
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U.S. Manufacturing Index Unexpectedly Dips To Lowest Level In Over A Year
A report released by the Institute for Supply Management on Friday showed U.S. manufacturing activity unexpectedly contracted at a modestly faster rate in the month of October. The ISM said its manufacturing PMI fell to 46.5 in October from 47.2 in September, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 47.6.
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U.S. Employment Inches Up By 12,000 Jobs In October, Far Less Than Expected
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 compared to economist estimates for the addition of 113,000 jobs.
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Chicago Business Barometer Unexpectedly Slumps To Five-Month Low In October
MNI Indicators released a report on Thursday showing its reading on Chicago-area business activity unexpectedly tumbled to a five-month low in October. The report said MNI Indicators' Chicago business barometer slumped to 41.6 in October from 46.6 in September, with a reading below 50 indicating contraction. Economists had expected the business barometer to inch up to 47.0.
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U.S. Consumer Price Inflation Data Largely In Line With Estimates In September
The Commerce Department on Thursday released its report on U.S. personal income and spending in the month of September, which includes the Federal Reserve's preferred readings on consumer price inflation. The report said the personal consumption expenditures (PCE) price index rose by 0.2 percent in September after inching up by 0.1 percent in August. The modest increase matched estimates.
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U.S. Weekly Jobless Claims Unexpectedly Fall To Five-Month Low
With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing an unexpected decline by first-time claims for U.S. unemployment benefits in the week ended October 26th. The report said initial jobless claims fell to 216,000, a decrease of 12,000 from the previous week's revised level of 228,000.
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U.S. Consumer Prices Increase In Line With Estimates In September
The Commerce Department on Thursday released its report on U.S. personal income and spending in the month of September, which includes the Federal Reserve's preferred readings on consumer price inflation.
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U.S. Weekly Jobless Claims Fall To 216,000
With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing an unexpected decline by first-time claims for U.S. unemployment benefits in the week ended October 26th.
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