U.S. Weekly Claims Unexpectedly Dip To 213,000
(RTTNews) - 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 from the 217,000 originally reported for the previous week.
With the unexpected dip, jobless claims fell to their lowest level since hitting 209,000 in the week ended April 27th.
The Labor Department said the less volatile four-week moving average also edged down to 217,750, a decrease of 3,750 from the previous week's revised average of 221,500.
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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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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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U.S. Housing Starts Tumble 3.1% In October, More Than Expected
New residential construction in the U.S. tumbled by more than expected in the month of October, according to a report released by the Commerce Department on Tuesday. The report said housing starts dove by 3.1 percent to an annual rate of 1.311 million in October after slumping by 1.9 percent to a revised rate of 1.353 million in September.
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U.S. Housing Starts Tumble More Than Expected In October
New residential construction in the U.S. tumbled by more than expected in the month of October, according to a report released by the Commerce Department on Tuesday.
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