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Philly Fed Index Indicates Slower Contraction In January
(RTTNews) - The Federal Reserve Bank of Philadelphia released a report on Thursday showing regional manufacturing activity has contracted at a slower rate in the month of January.
The Philly Fed said its diffusion index for current activity climbed to a negative 8.9 in January from a negative 13.7 in December, although a negative reading still indicates a contraction. Economists had expected the index to inch up to a negative 11.0.
Looking ahead, the Philly Fed said most future indicators were positive, but expectations for growth over the next six months were not widespread.
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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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17h 57min ago
U.S. Trade Deficit Shrinks From Record High As Exports Surge
The Commerce Department released a report on Thursday showing the U.S. trade deficit narrowed in the month of February after soaring to a record high in January. The report said the trade deficit decreased to $122.7 billion in February after spiking to a revised $130.7 billion in January.
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18h 2min ago
U.S. Weekly Jobless Claims Unexpectedly Dip To 219,000
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.
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18h 25min ago
U.S. Trade Deficit Shrinks In February After Spiking To Record High
The Commerce Department released a report on Thursday showing the U.S. trade deficit narrowed in the month of February after soaring to a record high in January.
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19h 37min ago
U.S. Weekly Jobless Claims Unexpectedly Edge Lower
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.
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19h 46min ago
U.S. Factory Orders Climb Slightly More Than Expected In February
After reporting a sharp increase by new orders for U.S. manufactured goods in the previous month, the Commerce Department released a report on Wednesday showing a continued increase by factory orders in the month of February. The Commerce Department said factory orders climbed by 0.6 percent in February after surging by an upwardly revised 1.8 percent in January.
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1 day ago
U.S. Private Sector Job Growth Exceeds Estimates In March
Private sector employment in the U.S. increased by more than expected in the month of March, according to a report released by payroll processor ADP on Wednesday. ADP said private sector employment jumped by 155,000 jobs in March after climbing by an upwardly revised 84,000 jobs in February.
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1 day ago
U.S. Private Sector Employment Jumps More Than Expected In March
Private sector employment in the U.S. increased by more than expected in the month of March, according to a report released by payroll processor ADP on Wednesday.
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1 day ago
