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U.S. Weekly Jobless Claims Unexpectedly Edge Lower
(RTTNews) - A day ahead of the release of the more closely watched monthly jobs report, 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 March 29th.
The report said initial jobless claims dipped to 219,000, a decrease of 6,000 from the previous week's revised level of 225,000.
Economists had expected initial jobless claims to inch up to 225,000 from the 224,000 originally reported for the previous month.
The Labor Department said the less volatile four-week moving average also edged down to 223,000, a decrease of 1,250 from the previous week's revised average of 224,250.
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U.S. Consumer Prices Unexpectedly Edge Lower In March
The Labor Department released a report on Thursday unexpectedly showing a slightly decrease by consumer prices in the U.S. in the month of March.
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U.S. Weekly Jobless Claims Inch Up In Line With Estimates
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits crept slightly higher in the week ended April 5th.
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Fed Minutes Reiterate 'Cautious Approach' To Future Interest Rate Decisions
Due to high uncertainty about the net effect of an array of government policies on the economic outlook, the minutes of the Federal Reserve's latest monetary policy revealed officials believe it remains appropriate to take a "cautious approach" to future interest rate decisions.
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U.S. Wholesale Inventories Rise In Line With Estimates In February
Wholesale inventories in the U.S. increased in line with economist estimates in the month of February, according to a report released by the Commerce Department on Wednesday. The Commerce Department said wholesale inventories rose by 0.3 percent in February, matching the preliminary estimate as well as economist expectations. Wholesale inventories climbed by 0.8 percent in January.
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Powell Says Tariffs Likely To Lead To Higher Inflation, Slower Growth
Citing a highly uncertain outlook due in part to President Donald Trump's new tariffs, Federal Reserve Chair Jerome Powell on Friday indicated the central bank will wait for greater clarity before considering any adjustments to interest rates.
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U.S. Job Growth Far Exceeds Estimates In March
A closely watched report released by the Labor Department on Friday showed employment in the U.S. surged by much more than expected in the month of March. The Labor Department said non-farm payroll employment jumped by 228,000 jobs in March after climbing by a downwardly revised 117,000 jobs in February. Economists had expected employment to rise by 135,000 jobs.
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U.S. Employment Surges Much More Than Expected In March
A closely watched report released by the Labor Department on Friday showed employment in the U.S. surged by much more than expected in the month of March.
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U.S. Services Index Drops To Nine-Month Low In March
U.S. service sector growth slowed by more than anticipated in the month of March, according to a report released by the Institute for Supply Management on Thursday. The ISM said its services PMI fell to 50.8 in March after inching up to 53.5 in February. While a reading above 50 still indicates growth, economists had expected the index to show a more modest decrease to 53.0.
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