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U.S. Weekly Jobless Claims Unexpectedly Dip
(RTTNews) - First-time claims for U.S. unemployment benefits unexpectedly saw a modest decrease in the week ended April 12th, according to a report released by the Labor Department on Thursday.
The report said initial jobless claims dipped to 215,000, a decrease of 9,000 from the previous week's revised level of 224,000.
Economists had expected initial jobless claims to inch up to 225,000 from the 223,000 originally reported for the previous week.
The Labor Department said the less volatile four-week moving average also edged down to 220,750, a decrease of 2,500 from the previous week's revised average of 223,250.
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U.S. Weekly Jobless Claims Unexpectedly Dip To Two-Month Low
First-time claims for U.S. unemployment benefits unexpectedly saw a modest decrease in the week ended April 12th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slipped to 215,000, a decrease of 9,000 from the previous week's revised level of 224,000.
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A report released by the Commerce Department on Thursday showed new residential construction in the U.S. pulled back by much more than expected in the month of March. The Commerce Department said housing starts plunged by 11.4 percent to an annual rate of 1.324 million in March after surging by 9.8 percent to a revised rate of 1.494 million in February.
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Philly Fed Index Plummets Much More Than Expected In April
The Federal Reserve Bank of Philadelphia released a report on Thursday showing a steep drop by its reading on regional manufacturing activity in the month of April.
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U.S. Housing Starts Plunge Much More Than Expected In March
A report released by the Commerce Department on Thursday showed new residential construction in the U.S. pulled back by much more than expected in the month of March.
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