U.S. Weekly Jobless Claims Unexpectedly Climb To 242,000
(RTTNews) - First-time claims for U.S. unemployment benefits unexpectedly increased in the week ended December 7th, according to a report released by the Labor Department on Thursday.
The report said initial jobless claims climbed to 242,000, an increase of 17,000 from the previous week's revised level of 225,000.
Economists had expected jobless claims to dip to 220,000 from the 224,000 originally reported for the previous week.
The Labor Department said the less volatile four-week moving average also rose to 224,250, an increase of 5,750 from the previous week's revised average of 218,500.
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U.S. Services Index Unexpectedly Indicates Modestly Slower Growth In January
Service sector growth in the U.S. unexpectedly slowed modestly in the month of January, according to a report released by the Institute for Supply Management on Wednesday. The ISM said its services PMI dipped to 52.8 in January from a revised 54.0 in December. While a reading above 50 still indicates growth, economists had expected the index to inch up to 54.3.
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8h 42min ago
U.S. Trade Deficit Spikes To Over Two-Year High In December
A report released by the Commerce Department on Wednesday showed the U.S. trade deficit widened significantly in December, as imports surged and exports plunged. The Commerce Department said the trade deficit spiked to $98.4 billion in December from a revised $78.9 billion in November. Economists had expected the trade deficit to jump to $96.6 billion.
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U.S. Private Sector Job Growth Exceeds Estimates In January
Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. increased by more than expected in the month of January. ADP said private sector employment climbed by 183,000 jobs in January after rising by an upwardly revised 176,000 jobs in December. Economists had expected private sector employment to rise by 150,000 jobs.
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10h 1min ago
U.S. Trade Deficit Widens Significant In December As Imports Jump, Exports Plunge
A report released by the Commerce Department on Wednesday showed the U.S. trade deficit widened significantly in December, as imports surged and exports plunged.
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10h 27min ago
U.S. Private Sector Employment Increases More Than Expected In January
Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. increased by more than expected in the month of January.
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U.S. Factory Orders Slump More Than Expected In December
Reflecting a steep drop by orders for transportation equipment, the Commerce Department released a report on Tuesday showing new orders for U.S. manufactured goods decreased by more than expected in the month of December. The Commerce Department said factory orders slumped by 0.9 percent in December after sliding by a downwardly revised 0.8 percent in November.
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U.S. Job Openings Pull Back Much More Than Expected In December
The Labor Department released a report on Tuesday showing job openings U.S. fell by much more than expected in the month of December. The report said job openings tumbled to 7.6 million in December after climbing to an upwardly revised 8.2 million in November. Economists had expected job openings to dip to 8.0 million from the 8.1 million originally reported for the previous month.
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1 day ago
U.S. Construction Spending Climbs Much More Than Expected In December
A report released by the Commerce Department on Monday showed construction spending in the U.S. increased by much more than expected in the month of December. The Commerce Department said construction spending climbed by 0.5 percent to an annual rate of $2.192 trillion in December after rising by 0.2 percent to a revised rate of $2.180 trillion in November.
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