WASHINGTON/NEW YORK (Reuters) - Economic growth showed signs of becoming more self-sustaining as the number of Americans claiming new jobless benefits fell back to a four-year low last week and manufacturing activity in the Northeast picked up this month.
Economic growth showed signs of becoming more self-sustaining as the number of Americans claiming new jobless benefits fell back to a four-year low last week and manufacturing activity in the Northeast ...
WASHINGTON — The number of Americans filing new claims for unemployment benefits fell last week, pointing to moderate job growth despite slowing economic activity.
Initial claims for state unemployment benefits declined 11,000 to a seasonally adjusted 346,000, the Labor Department said on Thursday. Claims for the prior week were revised to show 3,000 more applications received than previously reported.
Economists polled by Reuters had expected first-time applications to fall to 345,000 last week.
WASHINGTON — The number of Americans filing new claims for unemployment benefits fell more than expected last week, which could ease fears of a marked deterioration in labour market conditions after a surprise stumble in job growth in March.
WASHINGTON — The number of Americans filing new claims for jobless benefits fell last week to a near six-year low, bolstering the case for the Federal Reserve to wind down an economic stimulus program.
Another economic report on Thursday confirmed a solid pace of economic growth in the second quarter, although it also showed a worrisome decline in consumer prices.
Initial claims for state unemployment benefits dropped 5,000 last week to a seasonally adjusted 305,000, the Labor Department said.
WASHINGTON – Retail sales rose in November and jobless claims fell sharply last week, hopeful signs for an economy that appears to have slowed sharply in the fourth quarter.
Retail sales rose 0.3%, rebounding from a 0.3% decline in October, the Commerce Department said on Thursday. Economists polled by Reuters had expected an increase of 0.5% last month.
WASHINGTON — U.S. retail sales fell unexpectedly in January and the number of Americans filing new claims for unemployment benefits rose last week, in the latest signs of slowing economic growth early in the first quarter.
The Commerce Department said on Thursday retail sales fell 0.4% last month, led by a drop in automobile sales.
Economists polled by Reuters had forecast retail sales unchanged in January.
Sales in December were revised to show a 0.1% fall instead of the previously reported 0.2% rise.
WASHINGTON — The number of Americans filing new claims for unemployment benefits fell for the second consecutive week last week, suggesting a sharp step-down in job growth in December was likely to be temporary.
The better labor market tone was also captured by a survey on Thursday showing an acceleration in manufacturing activity in the Mid-Atlantic region, accompanied by a rise in factory jobs.
Even as the economy gathers steam there is little sign of a broad pick-up in prices, keeping inflation pressures muted.
WASHINGTON — U.S. consumer spending rebounded in May and new applications for unemployment benefits fell last week, suggesting the economy remained on a moderate growth path.
Other data on Thursday showed contracts to buy previously owned homes surged to their highest level in more than six years in May, keeping the recovery anchored in the face of tighter fiscal policy.