U.S. Weekly Jobless Claims Unexpectedly Decrease To 241,000
(RTTNews) - First-time claims for U.S. unemployment benefits saw an unexpected pullback in the week ended October 12th, according to a report released by the Labor Department on Thursday.
The report said initial jobless claims fell to 241,000, a decrease of 19,000 from the previous week's revised level of 260,000.
Economists had expected jobless claims to inch up to 260,000 from the 258,000 originally reported for the previous week.
Meanwhile, the Labor Department said the less volatile four-week moving average rose to 236,250, an increase of 4,750 from the previous week's revised average of 231,500.
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U.S. Pending Home Sales Unexpectedly Increase In October
The National Association of Realtors released a report on Wednesday unexpectedly showing a continued increase by U.S. pending home sales in the month of October. NAR said its pending home sales index jumped by 2.0 percent to 77.4 in October after soaring by 7.5 percent to an upwardly revised 75.9 in September. Economists had expected pending home sales to pull back by 1.3 percent.
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U.S. Consumer Price Growth Matches Estimates In October
A closely watched report released by the Commerce Department on Wednesday showed consumer prices in the U.S. increased in line with expectations in the month of October. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in October, matching the uptick seen in September as well as economist estimates.
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Chicago Business Barometer Unexpectedly Edges Lower In November
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U.S. Economic Growth Unrevised At 2.8% In Third Quarter
The jump by U.S. economic activity in the third quarter was unrevised compared to the previous estimate, according to a report released by the Commerce Department on Wednesday. The Commerce Department said gross domestic product surged by 2.8 percent in the third quarter, unchanged versus the "advance" estimate issued last month.
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U.S. Durable Goods Orders Rise 0.2% In October, Less Than Expected
The Commerce Department released a report on Wednesday showing new orders for U.S. manufactured durable goods increased by less than expected in the month of October. The report said durable goods orders crept up by 0.2 in October after falling by a revised 0.4 percent in September. Economists had expected durable goods orders to climb by 0.5 percent.
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U.S. Consumer Prices Rise In Line With Estimates In October
A closely watched report released by the Commerce Department on Wednesday showed consumer prices in the U.S. increased in line with estimates in the month of October.
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U.S. Weekly Jobless Claims Unexpectedly Edge Lower Once Again
A report released by the Labor Department on Wednesday showed first-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ended November 23rd. The Labor Department said initial jobless claims dipped to 213,000, a decrease of 2,000 from the previous week's revised level of 215,000. Economists had expected jobless claims to rise to 217,000.
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U.S. Q3 GDP Growth Unrevised At 2.8%
The jump by U.S. economic activity in the third quarter was unrevised compared to the previous estimate, according to a report released by the Commerce Department on Wednesday.
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