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U.S. Weekly Jobless Claims Unexpectedly Edge Lower
(RTTNews) - 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.
Economists had expected initial jobless claims to inch up to 225,000 from the 224,000 originally reported for the previous month.
The Labor Department said the less volatile four-week moving average also edged down to 223,000, a decrease of 1,250 from the previous week's revised average of 224,250.
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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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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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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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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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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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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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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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Partly reflecting a jump by spending on residential construction, the Commerce Department released a report on Tuesday showing U.S. construction spending increased by more than expected in the month of February. The report said construction spending climbed by 0.7 percent to an annual rate of $2.196 trillion in February after falling by 0.5 percent to a revised rate of $2.180 trillion in January.
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