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U.S. Private Sector Employment Jumps Much More Than Expected In December
(RTTNews) - Payroll processor ADP released a report on Thursday showing private sector employment in the U.S. jumped by much more than expected in the month of December.
ADP said private sector employment shot up by 235,000 jobs in December after surging by an upwardly revised 182,000 jobs in November.
Economists had expected employment to jump by about 150,000 jobs compared to the addition of 127,000 jobs originally reported for the previous month.
The report noted the job resurgence in the last two months of 2022 was led by consumer-facing service industries.
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U.S. Consumer Sentiment Deteriorates Modestly Less Than Estimated In April
A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. deteriorated modestly less than previously estimated in the month of April. The University of Michigan said its consumer sentiment index for April was upwardly revised to 52.2 from a preliminary reading of 50.8. Economists had expected the index to be unrevised.
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U.S. Existing Home Sales Plunge More Than Expected In March
Reflecting affordability challenges associated with high mortgage rates, the National Association of Realtors released a report on Thursday showing a steep drop by U.S. existing home sales in the month of March. NAR said existing home sales plunged by 5.9 percent to an annual rate of 4.02 million in March after surging by 4.4 percent to a revised rate of 4.27 million in February.
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4 days ago
U.S. Durable Goods Orders Spike Much More Than Expected As Aircraft Demand Soars
A report released by the Commerce Department on Thursday showed new orders for U.S. manufactured durable goods surged much more than expected in the month of March amid a spike by orders for transportation equipment. The Commerce Department said durable goods orders shot up by 9.2 percent in March after climbing by a downwardly revised 0.9 percent in February.
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U.S. Weekly Jobless Claims Inch Up To 222,000
The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits edged modestly higher in the week ended April 19th. The report said initial jobless claims crept up to 222,000, an increase of 6,000 from the previous week's revised level of 216,000.
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4 days ago
U.S. Durable Goods Orders Spike Much More Than Expected In March
A report released by the Commerce Department on Thursday showed new orders for U.S. manufactured durable goods surged much more than expected in the month of March amid a spike by orders for transportation equipment.
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4 days ago
U.S. Weekly Jobless Claims Inch Modestly Higher
The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits edged modestly higher in the week ended April 19th.
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4 days ago
U.S. New Home Sales Surge Much More Than Expected In March
New home sales in the U.S. surged by much more than expected in the month of March, according to a report released by the Commerce Department on Wednesday. The Commerce Department said new home sales spiked by 7.4 percent to an annual rate of 724,000 in March after jumping by 3.1 percent to a revised rate of 674,000 in February.
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5 days ago
IMF Warns Of Tariff War Impact As Global Growth Projections Slashed
The International Monetary Fund slashed the global growth forecasts for this year and next on Tuesday, citing the potential impact of the trade tariffs imposed by U.S. President Donald Trump and cautioned against significant adverse effect on the world economy if the current trade tensions persist.
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6 days ago
