U.S. Consumer Credit Climbs Much Less Than Expected In April
(RTTNews) - Consumer credit in the U.S. increased by much less than expected in the month of April, according to a report released by the Federal Reserve on Friday.
The Fed said consumer credit climbed by $6.4 billion in April, while economists had expected consumer credit to jump by $11.0 billion.
Revised data also showed consumer credit dipped by $1.1 billion in March compared to the previously reported $6.3 billion increase.
The report said revolving credit, which includes credit cards, edge down by $0.5 billion in April, while non-revolving credit, such as auto loans and student loans, rose by $6.8 billion.
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Fed Lowers Interest Rates By Quarter Point, Attentive To Risks To Both Sides Of Dual Mandate
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U.S. Wholesale Inventories Dip Slightly More Than Expected In September
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U.S. Labor Productivity Surges 2.2% In Q3, Slightly Less Than Expected
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U.S. Weekly Jobless Claims Rebound Modestly From Five-Month Low
A report released by the Labor Department on Thursday showed a modest rebound by first-time claims for U.S. unemployment benefits in the week ended November 2nd. The Labor Department said initial jobless claims crept up to 221,000, an increase of 3,000 from the previous week's revised level of 218,000. The uptick came a week after jobless claims dropped to their lowest level since May.
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U.S. Labor Productivity Surges Slightly Less Than Expected In Q3
Labor productivity in the U.S. increased by slightly less than expected in the third quarter, according to a report released by the Labor Department on Thursday, while unit labor costs rose by much more than expected.
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U.S. Weekly Jobless Claims Inch Up To 221,000
A report released by the Labor Department on Thursday showed a modest rebound by first-time claims for U.S. unemployment benefits in the week ended November 2nd.
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U.S. Services Index Unexpectedly Climbs To Two-Year High In October
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U.S. Trade Deficit Widens To Largest In Over Two Years In September
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