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U.S. Weekly Jobless Claims Inch Up To 230,000
(RTTNews) - The Labor Department released a report on Thursday showing a modest increase by first-time claims for U.S. unemployment benefits in the week ended September 7th.
The report said initial jobless claims rose to 230,000, an increase of 2,000 from the previous week's revised level of 228,000.
Economists had expected jobless claims to inch up to 230,000 from the 227,000 originally reported for the previous week.
The Labor Department said the less volatile four-week moving average also crept up to 230,750, an increase of 500 from the previous week's revised average of 230,250.
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U.S. Leading Economic Index Falls Much More Than Expected In August
Leading U.S. economic indicators fell by much more than expected in the month of August, according to a report released by the Conference Board on Thursday. The Conference Board said its leading economic index slid by 0.5 percent in August after inching up by a revised 0.1 percent in July. Economists had expected the leading economic index to edge down by 0.1 percent.
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Philly Fed Index Surges To Eight-Month High In September
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U.S. Weekly Jobless Claims Pull Back Off Nearly Four-Year High
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Philly Fed Index Surges Much More Than Expected In September
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U.S. Weekly Jobless Claims Pull Back More Than Expected
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Fed Cuts Rates By Quarter Point, Forecasts Two More Rate Cuts This Year
In a widely expected move, the Federal Reserve on Wednesday announced that it has decided to lower interest rates by a quarter point, marking the first rate cut of 2025. The Fed said it decided to lower the target range for the federal funds rate by 25 basis points to 4.0 percent to 4.25 percent, citing a shift in the balance of risks.
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After reporting significant increases in new residential construction in the U.S. over the two previous months, the Commerce Department released a report on Wednesday showing housing starts pulled back by much more than expected in the month of August. The Commerce Department said housing starts plummeted by 8.5 percent to an annual rate of 1.307 million in August.
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U.S. Housing Starts Plunge 8.5% In August, Much More Than Expected
After reporting significant increases in new residential construction in the U.S. over the two previous months, the Commerce Department released a report on Wednesday showing housing starts pulled back by much more than expected in the month of August.
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