U.S. Weekly Jobless Claims Inch Up To 232,000
(RTTNews) - With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing a slight increase in first-time claims for U.S. unemployment benefits in the week ended May 27th.
The report said initial jobless claims crept up to 232,000, an increase of 2,000 from the previous week's revised level of 230,000.
Economists had expected jobless claims to rise to 235,000 from the 229,000 originally reported for the previous week.
Meanwhile, the Labor Department said the less volatile four-week moving average edged down to 229,500, a decrease of 2,500 from the previous week's revised average of 232,000.
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U.S. Leading Economic Index Unexpectedly Edges Lower In August
A report released the Conference Board on Friday unexpectedly showed a modest decrease by its reading on leading U.S. economic indicators in the month of August. The Conference Board said its leading economic index edged down by 0.1 percent in August after rising by 0.2 percent in July. Economists had expected the index to inch up by 0.1 percent.
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U.S. Industrial Production Unexpectedly Flat In August
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U.S. Pending Home Sales Rebound From Six-Month Low In August
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Philly Fed Index Pulls Back Off Five-Year High In September
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U.S. Housing Starts Unexpectedly Tumble 2.6% In August
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U.S. Jobless Claims Unexpectedly Dip To Lowest Level Since Mid-July
A report released by the Labor Department on Thursday showed an unexpected decline in first-time claims for U.S. unemployment benefits in the week ended September 12th. The Labor Department said initial jobless claims fell to 196,000, a decrease of 10,000 from the previous week's unrevised level of 206,000. Economists had expected jobless claims to inch up to 208,000.
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Philly Fed Index Pulls Back Much Less Than Expected In September
The Federal Reserve Bank of Philadelphia released a report on Thursday showing a smaller-than-expected pullback by its reading on regional manufacturing activity in the month of September.
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U.S. Housing Starts Unexpectedly See Further Downside In August
New residential construction in the U.S. unexpectedly saw further downside in the month of August, according to a report released by the Commerce Department on Thursday.
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