U.S. Weekly Jobless Claims Dip To 238,000
(RTTNews) - First-time claims for U.S. unemployment benefits saw a modest pullback in the week ended June 15th, according to a report released by the Labor Department on Thursday.
The Labor Department said initial jobless claims dipped to 238,000, a decrease of 5,000 from the previous week's revised level of 243,000.
Economists had expected jobless claims to fall to 235,000 from the 242,000 originally reported for the previous week.
Meanwhile, the report said the less volatile four-week moving average rose to 232,750, an increase of 5,500 from the previous week's revised average of 227,250.
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U.S. Trade Deficit Widens To Largest In Over Two Years In September
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U.S. Trade Deficit Widens Significantly In September
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U.S. Factory Orders Decrease In Line With Estimates In September
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Reflecting an increase in spending on public construction, the Commerce Department released a report on Friday showed an uptick by U.S. construction spending in the month of September. The report said construction spending crept up by 0.1 percent to an annual rate of $2.149 trillion in September after inching up by 0.1 percent to a revised rate of $2.146 trillion in August.
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U.S. Manufacturing Index Unexpectedly Dips To Lowest Level In Over A Year
A report released by the Institute for Supply Management on Friday showed U.S. manufacturing activity unexpectedly contracted at a modestly faster rate in the month of October. The ISM said its manufacturing PMI fell to 46.5 in October from 47.2 in September, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 47.6.
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U.S. Employment Inches Up By 12,000 Jobs In October, Far Less Than Expected
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4 days ago
U.S. Employment Inches Up Far Less Than Expected In October
With increases in healthcare and government jobs partly offset by decreases in temporary and manufacturing jobs, the Labor Department released a report on Friday showing employment in the U.S. edged only slightly higher in the month of October.
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Chicago Business Barometer Unexpectedly Slumps To Five-Month Low In October
MNI Indicators released a report on Thursday showing its reading on Chicago-area business activity unexpectedly tumbled to a five-month low in October. The report said MNI Indicators' Chicago business barometer slumped to 41.6 in October from 46.6 in September, with a reading below 50 indicating contraction. Economists had expected the business barometer to inch up to 47.0.
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