U.S. Weekly Jobless Claims Rise To 262,000
(RTTNews) - First-time claims for U.S. unemployment benefits saw another modest increase in the week ended August 6th, according to a report released by the Labor Department on Thursday.
The report showed initial jobless claims rose to 262,000, an increase of 14,000 from the previous week's revised level of 248,000.
Economists had expected jobless claims to inch up to 263,000 from the 260,000 originally reported for the previous week.
With the increase, jobless claims reached their highest level since hitting 265,000 in the week ended November 13, 2021.
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U.S. Manufacturing Index Indicates Modestly Slower Contraction In December
Manufacturing activity in the U.S. contracted at a slower rate in the month of December, according to a report released by the Institute for Supply Management on Friday. The ISM said its manufacturing PMI inched up to 49.3 in December from 48.4 in November, although a reading below 50 still indicates contraction. Economists had expected the index to come in unchanged.
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U.S. Construction Spending Unexpectedly Flat In November
With an uptick by spending on private construction offset by a dip in spending on public construction, the Commerce Department released a report on Thursday showing U.S. construction spending was virtually unchanged in the month of November. The Commerce Department construction spending crept up by less than a tenth of a percent to an annual rate of $2.153 trillion in November.
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U.S. Weekly Jobless Claims Unexpectedly Dip To Eight-Month Low
First-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ended December 28th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slipped to 211,000, a decrease of 9,000 from the previous week's revised level of 220,000.
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1 day ago
U.S. Weekly Jobless Unexpectedly Claims Dip To 211,000
First-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ended December 28th, according to a report released by the Labor Department on Thursday.
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1 day ago
U.S. Pending Home Sales Surge To Highest Level Since February 2023
A report released by the National Association of Realtors on Monday showed pending home sales in the U.S. surged by much more than expected in the month of November. NAR said its pending home sales index shot up by 2.2 percent to 79.0 in November after jumping by 1.8 percent to 77.3 in October. Economists had expected pending home sales to climb by 0.7 percent.
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4 days ago
Chicago Business Barometer Unexpectedly Deceases In December
Chicago-area business activity unexpectedly contracted at an accelerated rate in the month of December, according to a report released by MNI Indicators on Monday. MNI Indicators said its Chicago business barometer slid to 36.9 in December from 40.2 in November, with a reading below 50 indicating contraction. Economists had expected the Chicago business barometer to rise to 42.5.
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4 days ago
U.S. Weekly Jobless Claims Unexpectedly Edge Slightly Lower
The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly edged slightly lower in the week ended December 21st. The report said initial jobless claims slipped to 219,000, a decrease of 1,000 from the previous week's unrevised level of 220,000. Economists had expected jobless claims to rise to 224,000.
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8 days ago
U.S. Weekly Jobless Claims Unexpectedly Edge Down To 219,000
The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly edged slightly lower in the week ended December 21st.
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8 days ago
