U.S. Employment Increases Roughly In Line With Estimates
(RTTNews) - Employment in the U.S. increased roughly in line with economist estimates in the month of August, according to a closely watched report released by the Labor Department on Friday.
The report showed non-farm payroll employment rose by 315,000 jobs in August after surging by a revised 526,000 jobs in July.
Economists had expected employment to increase by about 300,000 jobs compared to the jump of 528,000 jobs originally reported for the previous month.
Meanwhile, the Labor Department said the unemployment rate edged up to 3.7 percent in August from 3.5 percent in July. Economists had expected the unemployment rate to remain unchanged.
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U.S. Consumer Sentiment Deteriorates More Than Previously Estimated In January
Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. unexpectedly deteriorated by more than previously estimated in the month of January. The University of Michigan said its consumer sentiment index for January was downwardly revised to 71.1 from the preliminary reading of 73.2. Economists had expected the index to be unrevised.
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U.S. Existing Home Sales Jump Much More Than Expected In December
A report released by the National Association of Realtors on Friday showed existing home sales in the U.S. jumped by much more than expected in the month of December. NAR said existing home sales shot up by 2.2 percent to an annual rate of 4.24 million in December after surging by 4.7 percent to a rate of 4.15 million in November.
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U.S. Weekly Jobless Claims Extend Rebound
After reporting a rebound by first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report on Thursday showing initial jobless claims saw further upside in the week ended January 18th. The Labor Department said initial jobless claims rose to 223,000, an increase of 6,000 from the previous week's unrevised level of 217,000.
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U.S. Weekly Jobless Claims Inch Up More Than Expected
After reporting a rebound by first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report on Thursday showing initial jobless claims saw further upside in the week ended January 18th.
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U.S. Dollar Moves To The Upside After Early Volatility
After seeing considerable volatility earlier in the day, the value of the U.S. dollar has moved higher over the course of trading on Friday.
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U.S. Industrial Production Jumps In December As Utilities, Mining Output Surges
Industrial production in the U.S. increased by much more than expected in the month of December, according to a report released by the Federal Reserve on Friday. The Fed said industrial production jumped by 0.9 percent in December after rising by a revised 0.2 percent in November.
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U.S. Housing Starts Skyrocket To Ten-Month High In December
A report released by the Commerce Department on Friday showed new residential construction in the U.S. surged by much more than anticipated in the month of December. The Commerce Department said housing starts soared by 15.8 percent to an annual rate of 1.499 million in December after tumbling by 3.7 percent to a revised rate of 1.294 million in November.
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U.S. Industrial Production Jumps Much More Than Expected In December
Industrial production in the U.S. increased by much more than expected in the month of December, according to a report released by the Federal Reserve on Friday.
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