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usa economy

US weekly jobless claims fall; first quarter GDP unrevised at 6.4pc
World

US weekly jobless claims fall; first quarter GDP unrevised at 6.4pc

  • Imprecise seasonal factors around Memorial Day holiday weekend likely contributed to the uptick in initial claims, so the rise should prove temporary.
  • Four states, including Iowa and Alaska, either terminated all federal government-funded benefits or just the $300 supplement on June 12.
Published 24 Jun, 2021 05:44pm
US factory orders beat expectations in December
World

US factory orders beat expectations in December

  • The Commerce Department said on Thursday that factory orders increased 1.1% after surging 1.3% in November.
  • The Institute for Supply Management reported this week that its index of national factory activity slipped in January.
Published 04 Feb, 2021 08:41pm
US business inventories rise in November
World

US business inventories rise in November

  • Business inventories rose 0.5% in November after increasing 0.8% in October, the Commerce Department said on Friday.
  • Retail inventories excluding autos, which go into the calculation of GDP, gained 0.2% instead of 0.3% as estimated last month.
Published 15 Jan, 2021 08:20pm
US retail sales fall again in December
World

US retail sales fall again in December

  • Data for November was revised down to show sales declining 1.4% instead of 1.1% as previously reported.
  • The report followed in the wake of news last week that the economy shed jobs in December for the first time in eight months.
Published 15 Jan, 2021 07:46pm
US producer prices increase moderately in December
World

US producer prices increase moderately in December

  • The producer price index for final demand increased 0.3% last month after nudging up 0.1% in November.
  • A 1.1% increase in the cost of goods accounted for last month's rise in the PPI. Prices for services dipped 0.1%.
Published 15 Jan, 2021 07:04pm
US weekly jobless claims increase more than expected
World

US weekly jobless claims increase more than expected

  • $300 unemployment supplement until March 14 as part of nearly $900 billion in additional relief approved at the end of December.
  • The central bank also noted that the resurgence in the coronavirus was causing staff shortages in the manufacturing.
Published 14 Jan, 2021 06:55pm
US weekly jobless claims fall; consumer spending declines in November
World

US weekly jobless claims fall; consumer spending declines in November

  • Though jobless claims have dropped from a record 6.867 million in March, they remain above their 665,000 peak during the 2007-09 Great Recession.
  • The United States is being battered by a new wave of coronavirus cases, with more than 18 million people infected and nearly 320,000 dead.
Published 23 Dec, 2020 08:44pm