U.S. Weekly Jobless Claims Fall More Than Expected
(RTTNews) - A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits pulled back by more than expected in the week ended December 14th.
The Labor Department said initial jobless claims fell to 220,000, a decrease of 22,000 from the previous week's unrevised level of 242,000. Economists had expected jobless claims to dip to 230,000.
Meanwhile, the report said the less volatile four-week moving average crept up to 225,500, an increase of 1,250 from the previous week's unrevised average of 224,250.
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U.S. Leading Economic Index Rises For First Time Since February 2022
The Conference Board released a report on Thursday showing its reading on leading U.S. economic indicators increased for the first time in well over two years in the month of November. The report said the leading economic index rose by 0.3 percent in November after falling by 0.4 percent in October. Economists had expected the index to edge down by 0.1 percent.
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5h 45min ago
U.S. Existing Home Sales Spike To Eight-Month High In November
After reporting a significant rebound by U.S. existing home sales in the previous month, the National Association of Realtors released a report on Thursday showing another substantial increase by existing home sales in the month of November. NAR said existing home sales spiked by 4.8 percent to an annual rate of 4.15 million in November.
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6h 12min ago
Philly Fed Index Unexpectedly Slides To Lowest Level In Over A Year In December
Philadelphia-area manufacturing activity declined overall in the month of December, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its diffusion index for current general activity slumped to a negative 16.4 in December from a negative 5.5 in November, with a negative reading indicating contraction.
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6h 48min ago
U.S. Economy Unexpectedly Grows More Than Previously Estimated In Q3
The Commerce Department released a report on Thursday showing the pace of U.S. economic growth unexpectedly surged by more than previously estimated in the third quarter. The report said gross domestic product shot up by 3.1 percent in the third quarter, reflecting an upward revision from the 2.8 percent jump previously reported. Economists had expected the pace of growth to be unrevised.
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6h 58min ago
U.S. Jobless Claims Pull Back More Than Expected
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits pulled back by more than expected in the week ended December 14th. The Labor Department said initial jobless claims fell to 220,000, a decrease of 22,000 from the previous week's unrevised level of 242,000. Economists had expected jobless claims to dip to 230,000.
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7h 2min ago
Philly Fed Index Unexpectedly Slides Further Into Negative Territory In December
Philadelphia-area manufacturing activity declined overall in the month of December, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday.
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8h 11min ago
U.S. GDP Unexpectedly Surges More Than Previously Estimated In Q3
The Commerce Department released a report on Thursday showing the pace of U.S. economic growth unexpectedly surged by more than previously estimated in the third quarter.
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8h 17min ago
Fed Lowers Interest Rates By Quarter Point, Forecasts Fewer Rate Cuts In 2025
In support of its dual goals of maximum employment and inflation at the rate of 2 percent over the longer run, the Federal Reserve on Wednesday announced its widely expected decision to lower interest rates by another quarter point. The Fed said it decided to lower the target range for the federal funds rate by 25 basis points to 4.25 to 4.50 percent, matching the rate cut seen in early November.
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1 day ago
