WASHINGTON, March 10 (Reuters) – New U.S. claims for unemployment benefits rose more than expected last week, a government report showed on Thursday, but held below a key level associated with labor market recovery. Initial claims for state unemployment benefits increased26,000 to a seasonally adjusted 397,000, the Labor Department said, after falling to a 2-1/2… read more
Tag Archives: economic news
Jobless rates dip to 8.9%
* Payrolls rise 192,000, private jobs up 222,000 * Jobless rate dips to 8.9 percent from 9 percent * Average workweek steady at 34.2 hours, earnings edge up By Lucia Mutikani WASHINGTON, March 4 (Reuters) – U.S. employers hired more workers in February than in any month since May last year and the unemployment rate… read more
ISM Mfg Index / Futures Broker
Released on 3/1/2011 10:00:00 AM For Feb, 2011 Prior Consensus Consensus Range Actual ISM Mfg Index – Level 60.8 60.5 58.7 to 62.0 61.4 Market Consensus Before Announcement The composite index from the ISM manufacturing survey jumped 2.3 points to a rare plus 60 reading at 60.8 for the highest reading since May… read more
Futures News – New Home sales up 18% in December.
Market Consensus Before Announcement New home sales for December jumped 18 percent to an annual unit rate of 329,000. In turn, months’ supply came down to 6.9 from 8.4 months in November. The buyer rush likely was tied to December’s jump in mortgage rates which encouraged potential homebuyers to quit sitting on the fence and… read more
Trading News – U.S. Jobless Claims rise.
Initial jobless claims for the February 12 week rose a steep 25,000 to 410,000. However, claims have been volatile in recent weeks. The latest jump followed a 34,000 drop the prior week and a 38,000 fall the week before that. Off and on severe winter weather has played a role in the volatility. The four-week… read more
Trading news – Durable Goods orders up 2.7% in January.
Durables orders made a nice comeback in January but there is a lot in the detail. Durables orders in January rebounded 2.7 percent, following a revised -0.4 percent dip in December (previously estimated at down 2.3 percent). Excluding transportation, new orders for durable goods fell back, declining 3.6 percent after a 3.0 percent rise in… read more
Trading news – Consumer Confidence
Released on 2/22/2011 10:00:00 AM For Feb, 2011 Prior Consensus Consensus Range Consumer Confidence – Level 60.6 65.0 60.0 to 70.0 Market Consensus Before Announcement The Conference Board’s consumer confidence index jumped more than seven points in January to 60.6 with those saying jobs are currently hard to get falling more than 2-1/2 percentage points to 43.4… read more
Energy Trading News – EIA Natural Gas Report
Highlights Natural gas in storage fell 233 billion cubic feet in the February 11 week. A 230 bcf withdrawal was expected. Definition The Energy Information Administration (EIA) provides weekly information on natural gas stocks in underground storage for the U.S., and three regions of the country. The level of inventories helps determine prices for natural… read more
Trading News – U.S. Jobless Claims Rise 25,000 last week.
WASHINGTON, Feb 17 (Reuters) – New U.S. claims for unemployment benefits rose more than expected last week, according to a government report on Thursday that still pointed at gradual labor market recovery. Initial claims for state unemployment benefits increased 25,000 to a seasonally adjusted 410,000, the Labor Department said, partially reversing the prior week’s hefty… read more
Trading News – U.S. Consumer Prices rise in January
WASHINGTON, Feb 17 (Reuters) – U.S. core consumer prices rose at their quickest pace in more than a year in January, government data showed on Thursday, but the increase was not strong enough to suggest a build-up in inflation pressures. The Labor Department said its core Consumer Price Index, excluding food and energy, increased 0.2… read more